The Goldman Sachs Group Begins Coverage on CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)

The Goldman Sachs Group began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in a research report report published on Tuesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $54.00 price target on the stock.

Other equities research analysts have also issued research reports about the stock. DA Davidson upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Sunday, March 30th. Jefferies Financial Group began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "buy" rating and a $51.00 price target for the company. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock has an average rating of "Hold" and an average price target of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Performance

CRWV traded down $0.23 during trading on Tuesday, hitting $41.54. 8,752,856 shares of the company traded hands, compared to its average volume of 14,329,952. CoreWeave, Inc. Class A Common Stock has a one year low of $33.51 and a one year high of $64.62.

Insiders Place Their Bets

In related 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 owns 126,220 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kristen J. Mcveety sold 69,460 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was 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 have sold 302,940 shares of company stock worth $13,786,546 in the last three months.

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.