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

Research analysts at The Goldman Sachs Group started coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a report released on Tuesday. The firm set a "neutral" rating and a $54.00 price target on the stock. The Goldman Sachs Group's price target points to a potential upside of 52.46% from the stock's previous close.

Other research analysts have also issued research reports about the company. Jefferies Financial Group began coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set a "buy" rating and a $51.00 target price on the stock. DA Davidson upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Sunday, March 30th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, CoreWeave, Inc. Class A Common Stock has an average rating of "Moderate Buy" and an average target price of $46.33.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of NASDAQ CRWV opened at $35.42 on Tuesday. CoreWeave, Inc. Class A Common Stock has a 12 month low of $33.51 and a 12 month high of $64.62.

Insider Buying and Selling

In related news, insider Kristen J. Mcveety sold 69,460 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $2,778,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 $9,272,440. This trade represents 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 valued at $13,786,546 over the last quarter.

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.

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