CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Earns "Equal Weight" Rating from Barclays

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s stock had its "equal weight" rating restated by stock analysts at Barclays in a research report issued on Tuesday, MarketBeat reports. They currently have a $100.00 price target on the stock, up from their prior price target of $70.00. Barclays's target price indicates a potential downside of 13.90% from the company's current price.

Several other analysts have also recently weighed in on the company. JMP Securities initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Thursday, May 22nd. They set a "market perform" rating on the stock. Citigroup increased their price objective on CoreWeave, Inc. Class A Common Stock from $43.00 to $94.00 and gave the stock a "neutral" rating in a report on Wednesday, May 21st. Macquarie raised their price objective on CoreWeave, Inc. Class A Common Stock from $56.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Needham & Company LLC restated a "buy" rating and set a $55.00 target price on shares of CoreWeave, Inc. Class A Common Stock in a report on Thursday, May 15th. Finally, Melius assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a "hold" rating and a $40.00 price target for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $60.94.

CoreWeave, Inc. Class A Common Stock Stock Down 6.3%

NASDAQ:CRWV traded down $7.82 during trading hours on Tuesday, hitting $116.15. The company had a trading volume of 27,344,742 shares, compared to its average volume of 18,655,314. The company's 50-day simple moving average is $58.00. CoreWeave, Inc. Class A Common Stock has a 52 week low of $33.51 and a 52 week high of $125.02.

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

Insider Activity

In related news, insider Kristen J. Mcveety sold 69,460 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 $2,778,400.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of the company's stock in a transaction on Thursday, March 27th. The stock was 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 owns 231,811 shares of the company's stock, 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. Insiders sold 302,940 shares of company stock valued at $13,786,546 over the last three months.

Institutional Investors Weigh In On 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 acquired a new stake in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 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.