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

Stock analysts at Jefferies Financial Group began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research note issued to investors on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $51.00 price target on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 22.54% from the stock’s current price.

Separately, DA Davidson raised CoreWeave, Inc. Class A Common Stock to a “hold” rating in a report on Sunday, March 30th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of CRWV stock opened at $41.62 on Tuesday. CoreWeave, Inc. Class A Common Stock has a 52 week low of $33.51 and a 52 week high of $64.62.

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock news, Director Jack D. Cogen sold 220,760 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 126,220 shares in the company, valued at $6,003,023.20. This trade represents a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Nitin Agrawal sold 12,720 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $508,800.00. Following the completion of the sale, the chief financial officer now directly owns 231,811 shares of the company’s stock, valued at approximately $9,272,440. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 302,940 shares of company stock valued at $13,786,546 in the last ninety days.

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.