CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Gap Up - Here's What Happened

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $35.42, but opened at $36.98. CoreWeave, Inc. Class A Common Stock shares last traded at $37.15, with a volume of 1,129,295 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CRWV. 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 target price for the company. DA Davidson raised CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Sunday, March 30th. JPMorgan Chase & Co. began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set an "overweight" rating and a $43.00 price target on the stock. Melius initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a "hold" rating and a $40.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $54.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock currently has an average rating of "Hold" and a consensus price target of $46.86.

CoreWeave, Inc. Class A Common Stock Price Performance

Insider Buying and Selling

In other news, insider Kristen J. Mcveety sold 69,460 shares of the company's stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated 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 sale, the director now owns 126,220 shares of the company's stock, valued at approximately $6,003,023.20. This represents a 63.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock worth $13,786,546 in the last three months.

About CoreWeave, Inc. Class A Common Stock

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.