CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Coverage Initiated by Analysts at Barclays

Equities researchers at Barclays began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a report issued on Tuesday, Marketbeat.com reports. The firm set an "overweight" rating and a $48.00 price target on the stock. Barclays's price target would suggest a potential upside of 15.11% from the stock's previous close.

CRWV has been the subject of several other reports. DA Davidson upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Sunday, March 30th. The Goldman Sachs Group began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued a "neutral" rating and a $54.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set a "buy" rating and a $51.00 price target for the company. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $46.86.

CoreWeave, Inc. Class A Common Stock Trading Down 0.2 %

CRWV stock traded down $0.07 during trading hours on Tuesday, reaching $41.70. The stock had a trading volume of 610,669 shares, compared to its average volume of 13,899,592. 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 related news, CFO Nitin Agrawal sold 12,720 shares of the firm's stock in a transaction that occurred on 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 sale, the chief financial officer now owns 231,811 shares of the company's stock, valued at $9,272,440. This trade represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jack D. Cogen sold 220,760 shares of the business's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 302,940 shares of company stock worth $13,786,546.

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.