CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Trading Up 5.8% on Analyst Upgrade

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)’s stock price rose 5.8% during trading on Monday after The Goldman Sachs Group raised their price target on the stock from $54.00 to $61.00. The Goldman Sachs Group currently has a neutral rating on the stock. CoreWeave, Inc. Class A Common Stock traded as high as $87.44 and last traded at $84.93. Approximately 16,068,572 shares traded hands during trading, an increase of 15% from the average daily volume of 13,991,800 shares. The stock had previously closed at $80.30.

Several other equities analysts also recently weighed in on CRWV. Deutsche Bank Aktiengesellschaft assumed coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a “hold” rating and a $45.00 target price for the company. Mizuho upped their target price on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, May 15th. Bank of America raised their price target on shares of CoreWeave, Inc. Class A Common Stock from $42.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Barclays boosted their price target on shares of CoreWeave, Inc. Class A Common Stock from $48.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Finally, Melius started coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a “hold” rating and a $40.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.25.

Insiders Place Their Bets

In other CoreWeave, Inc. Class A Common Stock news, CFO Nitin Agrawal sold 12,720 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $508,800.00. Following the sale, the chief financial officer now owns 231,811 shares in the company, valued at approximately $9,272,440. This represents a 5.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack D. Cogen sold 220,760 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $47.56, for a total transaction of $10,499,345.60. Following the sale, the director now directly owns 126,220 shares in the company, valued at $6,003,023.20. This represents a 63.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 302,940 shares of company stock worth $13,786,546.

Institutional Investors Weigh In On 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 acquired a new stake in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,575 shares of the company’s stock, valued at approximately $318,000.

CoreWeave, Inc. Class A Common Stock Price Performance

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

About CoreWeave, Inc. Class A Common Stock

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.