CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Up 5.4% on Analyst Upgrade

Shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) were up 5.4% during mid-day trading on Thursday 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 $116.54 and last traded at $113.19. Approximately 27,403,098 shares were traded during mid-day trading, an increase of 65% from the average daily volume of 16,574,836 shares. The stock had previously closed at $107.39.

Other equities research analysts have also recently issued reports about the company. Moffett Nathanson assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Monday, May 5th. They set a "neutral" rating and a $43.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "hold" rating and a $45.00 price objective on the stock. Jefferies Financial Group began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a "buy" rating and a $51.00 target price on the stock. JPMorgan Chase & Co. increased their price target on CoreWeave, Inc. Class A Common Stock from $43.00 to $66.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Northland Capmk upgraded CoreWeave, Inc. Class A Common Stock to a "strong-buy" rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock presently has a consensus rating of "Hold" and a consensus target price of $58.44.

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock news, CFO Nitin Agrawal sold 12,720 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 $508,800.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value of $2,778,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 302,940 shares of company stock worth $13,786,546.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL acquired a new position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,575 shares of the company's stock, valued at approximately $318,000.

CoreWeave, Inc. Class A Common Stock Stock Performance

The stock has a 50 day moving average price of $51.76.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last released 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).

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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