CoreWeave, Inc. Class A Common Stock 's (NASDAQ:CRWV) Quiet Period Set To Expire 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 public offering on March 28th. The total size of the offering was $1,500,000,000 based on an initial share price of $40.00. During the company's quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end 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.

Wall Street Analyst Weigh In

CRWV has been the topic of several research analyst reports. DA Davidson upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Sunday, March 30th. Wells Fargo & Company initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set an "equal weight" rating and a $41.00 price target for the company. Bank of America started coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a "buy" rating and a $42.00 target price for the company. Stifel Nicolaus started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a "buy" rating and a $55.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $54.00 target price on the stock. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, CoreWeave, Inc. Class A Common Stock has a consensus rating of "Hold" and a consensus price target of $46.60.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of CRWV stock traded down $0.56 during trading hours on Monday, hitting $51.01. The company had a trading volume of 6,414,180 shares, compared to its average volume of 12,907,300. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $64.62.

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In related news, CFO Nitin Agrawal sold 12,720 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $508,800.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated 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. Insiders sold a total of 302,940 shares of company stock worth $13,786,546 over the last ninety days.

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.