Barclays Begins Coverage on CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)

Research analysts at Barclays began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm set an “overweight” rating and a $48.00 price target on the stock. Barclays‘s price target suggests a potential upside of 15.33% from the company’s current price.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued a “buy” rating and a $51.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set a “neutral” rating and a $54.00 price target for the company. Finally, DA Davidson upgraded CoreWeave, Inc. Class A Common Stock to a “hold” rating in a report on Sunday, March 30th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, CoreWeave, Inc. Class A Common Stock currently has a consensus rating of “Hold” and an average price target of $46.86.

CoreWeave, Inc. Class A Common Stock Price Performance

NASDAQ CRWV opened at $41.62 on Tuesday. CoreWeave, Inc. Class A Common Stock has a twelve month low of $33.51 and a twelve month high of $64.62.

Insider Activity

In other news, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $47.56, for a total value of $10,499,345.60. Following the completion of the sale, the director now directly owns 126,220 shares of the company’s stock, valued at approximately $6,003,023.20. The trade was a 63.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kristen J. Mcveety sold 69,460 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $2,778,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 302,940 shares of company stock valued at $13,786,546 in the last quarter.

CoreWeave, Inc. Class A Common Stock Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.