CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Now Covered by Analysts at Jefferies Financial Group

Analysts at Jefferies Financial Group assumed coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a report released on Tuesday, MarketBeat reports. The firm set a "buy" rating and a $51.00 price target on the stock. Jefferies Financial Group's target price suggests a potential upside of 22.77% from the stock's previous close.

Separately, DA Davidson raised shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Sunday, March 30th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock currently has a consensus rating of "Hold" and a consensus price target of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Down 0.6 %

Shares of CRWV traded down $0.23 during mid-day trading on Tuesday, hitting $41.54. The company's stock had a trading volume of 8,752,856 shares, compared to its average volume of 14,329,952. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $64.62.

Insiders Place Their Bets

In other news, Director Jack D. Cogen sold 220,760 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $47.56, for a total value of $10,499,345.60. Following the completion of the transaction, the director now owns 126,220 shares in the company, valued at approximately $6,003,023.20. This represents a 63.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $40.00, for a total transaction of $508,800.00. Following the completion of the sale, the chief financial officer now directly owns 231,811 shares in the company, valued at approximately $9,272,440. The trade was a 5.20 % decrease in their position. 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 ninety days.

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.