CoreWeave, Inc. Class A Common Stock 's (NASDAQ:CRWV) Quiet Period Will End on May 7th

CoreWeave, Inc. Class A Common Stock's (NASDAQ:CRWV - Get Free Report) quiet period is set to end on Wednesday, May 7th. CoreWeave, Inc. Class A Common Stock had issued 37,500,000 shares in its IPO on March 28th. The total size of the offering was $1,500,000,000 based on an initial share price of $40.00. During CoreWeave, Inc. Class A Common Stock's quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CRWV. Melius began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a "hold" rating and a $40.00 price objective for the company. Barclays began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set an "overweight" rating and a $48.00 price objective for the company. DA Davidson raised shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Sunday, March 30th. Jefferies Financial Group started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $51.00 price target for the company. Finally, Needham & Company LLC started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $55.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock has an average rating of "Hold" and an average target price of $46.86.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of CRWV opened at $44.32 on Friday. CoreWeave, Inc. Class A Common Stock has a 52-week low of $33.51 and a 52-week high of $64.62.

Insider Transactions at CoreWeave, Inc. Class A Common Stock

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 stock was 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 in the company, valued at approximately $6,003,023.20. This trade represents a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief financial officer now owns 231,811 shares of the company's stock, valued at approximately $9,272,440. This trade represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 302,940 shares of company stock worth $13,786,546.

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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