CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Gap Up Following Analyst Upgrade

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) gapped up before the market opened on Thursday after Macquarie raised their price target on the stock from $56.00 to $65.00. The stock had previously closed at $67.46, but opened at $68.87. Macquarie currently has a neutral rating on the stock. CoreWeave, Inc. Class A Common Stock shares last traded at $63.80, with a volume of 10,181,045 shares trading hands.

Several other equities analysts have also recently issued reports on CRWV. Mizuho began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $46.00 price objective on the stock. DA Davidson lowered CoreWeave, Inc. Class A Common Stock from a "neutral" rating to an "underperform" rating and set a $36.00 price objective for the company. in a research report on Thursday. Barclays increased their price objective on CoreWeave, Inc. Class A Common Stock from $48.00 to $60.00 and gave the stock an "overweight" rating in a research report on Monday. Bank of America assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a "buy" rating and a $42.00 price target for the company. Finally, Northland Capmk upgraded CoreWeave, Inc. Class A Common Stock to a "strong-buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock has an average rating of "Hold" and a consensus price target of $49.00.

Insider Activity

In related news, Director Jack D. Cogen sold 220,760 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $47.56, for a total value of $10,499,345.60. Following the transaction, the director now owns 126,220 shares in the company, valued at approximately $6,003,023.20. This represents a 63.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated 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. Insiders have sold a total of 302,940 shares of company stock worth $13,786,546 over 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 bought a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,575 shares of the company's stock, valued at approximately $318,000.

CoreWeave, Inc. Class A Common Stock Stock Performance

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

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.

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