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

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s stock had its "equal weight" rating reissued by Barclays in a report released on Tuesday, MarketBeat Ratings reports. They presently have a $100.00 price target on the stock, up from their previous price target of $70.00. Barclays's target price would indicate a potential downside of 8.63% from the stock's previous close.

A number of other research analysts have also recently commented on the company. Bank of America boosted their price objective on CoreWeave, Inc. Class A Common Stock from $42.00 to $76.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Stifel Nicolaus initiated 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 target on the stock. Jefferies Financial Group assumed 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 $51.00 price objective for the company. Wall Street Zen lowered shares of CoreWeave, Inc. Class A Common Stock from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, DA Davidson downgraded shares of CoreWeave, Inc. Class A Common Stock from a "neutral" rating to an "underperform" rating and set a $36.00 target price for the company. in a research note on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $60.94.

CoreWeave, Inc. Class A Common Stock Price Performance

NASDAQ:CRWV traded up $3.90 on Tuesday, hitting $109.45. 20,238,698 shares of the stock were exchanged, compared to its average volume of 19,164,139. The business has a fifty day moving average of $59.01. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $130.76.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) earnings per share (EPS) 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, CFO Nitin Agrawal sold 12,720 shares of the stock in a transaction on 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 approximately $9,272,440. This represents a 5.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock 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 transaction, the director now directly owns 126,220 shares of the company's stock, valued at $6,003,023.20. This trade represents a 63.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock worth $13,786,546 over the last ninety days.

Hedge Funds 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 - Free Report) in the first quarter, according to the company in its most recent 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 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.