CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Up 5.8% on Analyst Upgrade

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) shares traded up 5.8% on Monday after The Goldman Sachs Group raised their price target on the stock from $54.00 to $61.00. The Goldman Sachs Group currently has a neutral rating on the stock. CoreWeave, Inc. Class A Common Stock traded as high as $87.44 and last traded at $84.93. 16,068,572 shares were traded during trading, an increase of 15% from the average session volume of 13,991,800 shares. The stock had previously closed at $80.30.

Several other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a “hold” rating and a $45.00 price target for the company. Morgan Stanley boosted their target price on CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the company an “equal weight” rating in a research report on Thursday. Moffett Nathanson began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Monday, May 5th. They issued a “neutral” rating and a $43.00 price objective for the company. JPMorgan Chase & Co. upped their target price on CoreWeave, Inc. Class A Common Stock from $43.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Northland Capmk upgraded shares of CoreWeave, Inc. Class A Common Stock to a “strong-buy” rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.25.

Insiders Place Their Bets

In related news, insider Kristen J. Mcveety sold 69,460 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 transaction of $2,778,400.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the business’s 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 completion of the transaction, the chief financial officer now directly owns 231,811 shares in the company, valued at approximately $9,272,440. This represents a 5.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 302,940 shares of company stock valued at $13,786,546.

Institutional Investors Weigh In On CoreWeave, Inc. Class A Common Stock

An institutional investor recently bought a new position in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL purchased a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,575 shares of the company’s stock, valued at approximately $318,000.

CoreWeave, Inc. Class A Common Stock Stock Up 3.3%

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

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.