CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Given Equal Weight Rating at Barclays

Barclays restated their equal weight rating on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research report report published on Tuesday, MarketBeat reports. The brokerage currently has a $100.00 price target on the stock, up from their prior price target of $70.00.

CRWV has been the topic of a number of other research reports. Melius Research raised shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a report on Tuesday, April 22nd. Bank of America increased their target price 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. Stifel Nicolaus began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a “buy” rating and a $55.00 target price for the company. Citizens Jmp upgraded shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Thursday, May 22nd. Finally, Morgan Stanley increased their target price on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the company an “equal weight” rating in a research report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock presently has an average rating of “Hold” and a consensus target price of $60.94.

CoreWeave, Inc. Class A Common Stock Stock Performance

CRWV stock opened at $123.97 on Tuesday. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $125.02. The business has a 50-day moving average price of $56.71.

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

Insider Buying and Selling 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 company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $47.56, for a total transaction 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. This represents a 63.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $40.00, for a total transaction of $508,800.00. Following the sale, the chief financial officer now directly owns 231,811 shares of the company’s stock, valued at $9,272,440. This represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 302,940 shares of company stock valued at $13,786,546.

Institutional Trading of CoreWeave, Inc. Class A Common Stock

A hedge fund recently bought a new stake 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,575 shares of the company’s stock, valued at approximately $318,000.

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.