CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) shares rose 10.2% on Monday after Barclays raised their price target on the stock from $48.00 to $60.00. Barclays currently has an overweight rating on the stock. CoreWeave, Inc. Class A Common Stock traded as high as $57.23 and last traded at $56.60. Approximately 4,256,189 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 11,840,396 shares. The stock had previously closed at $51.37.
Several other analysts have also recently commented on CRWV. Melius Research upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Tuesday, April 22nd. Mizuho initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $46.00 price target on the stock. Bank of America initiated 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 objective for the company. Needham & Company LLC initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $55.00 price target for the company. Finally, Macquarie initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Wednesday, May 7th. They issued a "neutral" rating and a $56.00 price target for the company. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $48.50.
Check Out Our Latest Research Report on CoreWeave, Inc. Class A Common Stock
Insider Buying and Selling at CoreWeave, Inc. Class A Common Stock
In other CoreWeave, Inc. Class A Common Stock news, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $508,800.00. Following the completion of the transaction, the chief financial officer now directly owns 231,811 shares of the company's stock, valued at $9,272,440. The trade was a 5.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack D. Cogen sold 220,760 shares of the company's stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 302,940 shares of company stock valued at $13,786,546 in the last three months.
CoreWeave, Inc. Class A Common Stock Price Performance
About CoreWeave, Inc. Class A Common Stock
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider CoreWeave, Inc. Class A Common Stock, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CoreWeave, Inc. Class A Common Stock wasn't on the list.
While CoreWeave, Inc. Class A Common Stock currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
