Citigroup Forecasts Strong Price Appreciation for CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) had its price objective upped by Citigroup from $43.00 to $94.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $55.00 target price for the company. Melius Research upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Tuesday, April 22nd. The Goldman Sachs Group raised their price objective on CoreWeave, Inc. Class A Common Stock from $54.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. raised their price objective on CoreWeave, Inc. Class A Common Stock from $43.00 to $66.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Barclays raised their price objective on CoreWeave, Inc. Class A Common Stock from $48.00 to $60.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $58.44.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of CRWV stock traded up $2.58 during trading hours on Wednesday, reaching $102.74. The company had a trading volume of 31,005,671 shares, compared to its average volume of 17,939,279. CoreWeave, Inc. Class A Common Stock has a twelve month low of $33.51 and a twelve month high of $116.54. The company's fifty day simple moving average is $54.07.

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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.67).

Insider Buying and Selling

In related news, insider Kristen J. Mcveety sold 69,460 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $2,778,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jack D. Cogen sold 220,760 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $47.56, for a total value of $10,499,345.60. Following the sale, the director now directly owns 126,220 shares of the company's stock, 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. Insiders sold 302,940 shares of company stock worth $13,786,546 in the last 90 days.

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 purchased a new stake in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the first quarter, according to its most recent disclosure with the Securities and 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.