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

Equities researchers at Barclays started coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $48.00 price target on the stock. Barclays‘s price objective points to a potential upside of 15.33% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set a “buy” rating and a $51.00 target price for the company. DA Davidson raised CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Sunday, March 30th. Finally, The Goldman Sachs Group began coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set a “neutral” rating and a $54.00 price target on the stock. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.86.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of CRWV stock opened at $41.62 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 other CoreWeave, Inc. Class A Common Stock news, insider Kristen J. Mcveety sold 69,460 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the business’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 value of $508,800.00. Following 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.