CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Price Up 1.7% on Analyst Upgrade

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s share price rose 1.7% during trading on Tuesday 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 $60.26 and last traded at $59.50. Approximately 3,146,876 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 11,801,912 shares. The stock had previously closed at $58.49.

Other analysts have also issued reports about the company. Stifel Nicolaus assumed 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. Macquarie assumed coverage on CoreWeave, Inc. Class A Common Stock in a research report on Wednesday, May 7th. They issued a "neutral" rating and a $56.00 price target for the company. Citigroup assumed coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $43.00 price target for the company. Mizuho assumed coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $46.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on CoreWeave, Inc. Class A Common Stock from $41.00 to $50.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $48.50.

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other news, CFO Nitin Agrawal sold 12,720 shares of the stock in a transaction that occurred 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 owns 231,811 shares of the company's stock, valued at approximately $9,272,440. This represents a 5.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kristen J. Mcveety sold 69,460 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 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.

CoreWeave, Inc. Class A Common Stock Stock Up 3.7%

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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