CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Up 10% After Analyst Upgrade

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s share price traded up 10% on Wednesday after Citigroup raised their price target on the stock from $43.00 to $94.00. Citigroup currently has a neutral rating on the stock. CoreWeave, Inc. Class A Common Stock traded as high as $103.50 and last traded at $99.24. 22,547,303 shares traded hands during trading, an increase of 48% from the average session volume of 15,275,080 shares. The stock had previously closed at $90.24.

Several other equities research analysts also recently weighed in on CRWV. Morgan Stanley increased their price target on CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 15th. Stifel Nicolaus started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a "buy" rating and a $55.00 price target on the stock. Jefferies Financial Group started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a "buy" rating and a $51.00 price target on the stock. Melius Research raised CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a "hold" rating and a $45.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $58.44.

Insiders Place Their Bets

In other news, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction on 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 completion of the sale, the director now directly owns 126,220 shares of the company's stock, valued at approximately $6,003,023.20. The trade was a 63.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kristen J. Mcveety sold 69,460 shares of the business's stock in a transaction 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 ninety 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 acquired a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,575 shares of the company's stock, valued at approximately $318,000.

CoreWeave, Inc. Class A Common Stock Trading Up 16.3%

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

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.

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