CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Earns Overweight Rating from Analysts at Barclays

Equities research analysts at Barclays assumed coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage set an "overweight" rating and a $48.00 price target on the stock. Barclays's price target indicates a potential upside of 15.55% from the stock's current price.

A number of other research analysts also recently issued reports on the company. The Goldman Sachs Group assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a "neutral" rating and a $54.00 price target on the stock. Jefferies Financial Group began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "buy" rating and a $51.00 target price on the stock. Finally, DA Davidson raised CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Sunday, March 30th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Down 0.6 %

Shares of NASDAQ CRWV traded down $0.23 during mid-day trading on Tuesday, hitting $41.54. The stock had a trading volume of 8,752,856 shares, compared to its average volume of 14,329,952. CoreWeave, Inc. Class A Common Stock has a 1 year low of $33.51 and a 1 year high of $64.62.

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In related news, Director Jack D. Cogen sold 220,760 shares of the business's 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 sale, the director now owns 126,220 shares of the company's stock, valued at $6,003,023.20. The trade was a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $2,778,400.00. The disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock valued at $13,786,546 in the last three months.

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.