CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Trading Up 10.7% - What's Next?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s stock price traded up 10.7% during trading on Friday . The stock traded as high as $50.50 and last traded at $49.05. 4,614,606 shares were traded during mid-day trading, a decline of 64% from the average session volume of 12,963,411 shares. The stock had previously closed at $44.32.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Mizuho initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $46.00 target price on the stock. The Goldman Sachs Group began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $54.00 price objective for the company. Stifel Nicolaus started 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 target price on the stock. Barclays 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 $48.00 target price on the stock. Finally, DA Davidson raised shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Sunday, March 30th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $47.75.

CoreWeave, Inc. Class A Common Stock Trading Up 0.8 %

Insider Buying and Selling

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 completion of the transaction, the director now directly owns 126,220 shares of the company's stock, valued at $6,003,023.20. This represents a 63.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kristen J. Mcveety sold 69,460 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was 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 a total of 302,940 shares of company stock valued at $13,786,546 in the last quarter.

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.