The Goldman Sachs Group Raises CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Price Target to $61.00

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its price target raised by research analysts at The Goldman Sachs Group from $54.00 to $61.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential downside of 24.03% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Morgan Stanley increased their target price on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Thursday. Citigroup began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a “neutral” rating and a $43.00 price target for the company. Northland Capmk upgraded shares of CoreWeave, Inc. Class A Common Stock to a “strong-buy” rating in a research report on Tuesday, May 13th. DA Davidson downgraded shares of CoreWeave, Inc. Class A Common Stock from a “neutral” rating to an “underperform” rating and set a $36.00 price target for the company. in a research report on Thursday. Finally, Stifel Nicolaus began coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a “buy” rating and a $55.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $55.25.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of CRWV opened at $80.30 on Friday. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $84.00.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last announced its earnings results on Wednesday, May 14th. The company reported ($0.83) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

Insider Buying and Selling

In other CoreWeave, Inc. Class A Common Stock news, insider Kristen J. Mcveety sold 69,460 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $2,778,400.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 231,811 shares in the company, valued at $9,272,440. This trade represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 302,940 shares of company stock valued at $13,786,546.

Institutional Trading of CoreWeave, Inc. Class A Common Stock

An institutional investor recently bought a new position in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL purchased a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,575 shares of the company’s stock, valued at approximately $318,000.

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.