CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) had its price target boosted by equities researchers at Citigroup from $43.00 to $94.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's price objective would indicate a potential downside of 8.64% from the company's previous close.
A number of other brokerages have also recently issued reports on CRWV. Stifel Nicolaus began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "buy" rating and a $55.00 target price for the company. Melius began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "hold" rating and a $40.00 price objective for the company. Melius Research raised CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Tuesday, April 22nd. Mizuho increased their price target on CoreWeave, Inc. Class A Common Stock from $46.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Northland Capmk raised CoreWeave, Inc. Class A Common Stock to a "strong-buy" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock currently has a consensus rating of "Hold" and an average price target of $58.44.
View Our Latest Research Report on CoreWeave, Inc. Class A Common Stock
CoreWeave, Inc. Class A Common Stock Trading Up 14.0%
CoreWeave, Inc. Class A Common Stock stock traded up $12.65 during midday trading on Wednesday, reaching $102.89. The company's stock had a trading volume of 43,507,278 shares, compared to its average volume of 15,823,598. CoreWeave, Inc. Class A Common Stock has a 52 week low of $33.51 and a 52 week high of $109.49.
CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings data 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, CFO Nitin Agrawal sold 12,720 shares of the business's stock in a transaction dated 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 directly owns 231,811 shares of the company's stock, valued at $9,272,440. The trade was a 5.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kristen J. Mcveety sold 69,460 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $2,778,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 302,940 shares of company stock worth $13,786,546.
Institutional Inflows and Outflows
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 CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the 1st quarter, according to the company in 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.
About CoreWeave, Inc. Class A Common Stock
(
Get Free Report)
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.
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