CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Gap Up - Still a Buy?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $35.42, but opened at $36.98. CoreWeave, Inc. Class A Common Stock shares last traded at $37.15, with a volume of 1,129,295 shares trading hands.

Analysts Set New Price Targets

Several research firms have commented on CRWV. Melius Research upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Tuesday. Wells Fargo & Company initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set an "equal weight" rating and a $41.00 price target on the stock. Mizuho began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued an "outperform" rating and a $46.00 price objective for the company. 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 target price on the stock. Finally, Barclays began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued an "overweight" rating and a $48.00 price target for the company. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Up 0.5 %

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other 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 shares were sold at an average price of $40.00, for a total transaction of $2,778,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of the company's 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 directly owns 126,220 shares in the company, valued at approximately $6,003,023.20. The trade was a 63.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 302,940 shares of company stock worth $13,786,546.

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.