The Goldman Sachs Group Initiates Coverage on CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)

Stock analysts at The Goldman Sachs Group began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research report issued on Tuesday, Marketbeat reports. The brokerage set a “neutral” rating and a $54.00 price target on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 29.75% from the company’s previous close.

Several other research firms have also recently weighed in on CRWV. Jefferies Financial Group started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set a “buy” rating and a $51.00 price objective on the stock. DA Davidson upgraded CoreWeave, Inc. Class A Common Stock to a “hold” rating in a report on Sunday, March 30th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, 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 Stock Up 8.1 %

Shares of CRWV opened at $41.62 on Tuesday. CoreWeave, Inc. Class A Common Stock has a 12-month low of $33.51 and a 12-month high of $64.62.

Insiders Place Their Bets

In other news, insider Kristen J. Mcveety sold 69,460 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $2,778,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Nitin Agrawal sold 12,720 shares of the firm’s 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 transaction, the chief financial officer now directly owns 231,811 shares of the company’s stock, valued at approximately $9,272,440. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 302,940 shares of company stock worth $13,786,546.

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.