CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) had its target price boosted by Macquarie from $56.00 to $65.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Macquarie's price target indicates a potential downside of 4.41% from the company's previous close.
Several other analysts have also recently weighed in 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 set a "buy" rating and a $51.00 price objective on the stock. Barclays increased their target price on shares of CoreWeave, Inc. Class A Common Stock from $48.00 to $60.00 and gave the company an "overweight" rating in a report on Monday. Melius initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "hold" rating and a $40.00 price target on the stock. The Goldman Sachs Group initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $54.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "hold" rating and a $45.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock has an average rating of "Hold" and an average target price of $49.00.
Get Our Latest Analysis on CoreWeave, Inc. Class A Common Stock
CoreWeave, Inc. Class A Common Stock Stock Performance
Shares of CRWV opened at $68.00 on Thursday. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $68.50.
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 the consensus estimate of ($0.16) by ($0.67).
Insiders Place Their Bets
In related news, Director Jack D. Cogen sold 220,760 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $47.56, for a total transaction 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 trade represents a 63.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $508,800.00. Following the sale, the chief financial officer now directly owns 231,811 shares in the company, 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. 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
An institutional investor recently bought a new position 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 - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,575 shares of the company's stock, valued at approximately $318,000.
CoreWeave, Inc. Class A Common Stock Company Profile
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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.
Further Reading
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