Barclays Boosts CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Price Target to $60.00

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its price target hoisted by equities researchers at Barclays from $48.00 to $60.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential downside of 5.15% from the stock’s previous close.

CRWV has been the topic of a number of other research reports. Macquarie began coverage on CoreWeave, Inc. Class A Common Stock in a report on Wednesday, May 7th. They issued a “neutral” rating and a $56.00 target price on the stock. Melius Research raised shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set an “overweight” rating and a $43.00 price objective on the stock. Citigroup began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a “neutral” rating and a $43.00 price objective on the stock. Finally, Jefferies Financial Group began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a “buy” rating and a $51.00 price objective on the stock. Ten equities research 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 stock has a consensus rating of “Hold” and an average price target of $48.50.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of CRWV opened at $63.26 on Monday. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $64.87.

Insider Buying and Selling at CoreWeave, Inc. Class A Common Stock

In other news, CFO Nitin Agrawal sold 12,720 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $508,800.00. Following the sale, the chief financial officer now owns 231,811 shares in the company, valued at approximately $9,272,440. This trade represents a 5.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $47.56, for a total transaction of $10,499,345.60. Following the completion of the sale, the director now owns 126,220 shares in the company, valued at approximately $6,003,023.20. The trade was a 63.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 302,940 shares of company stock worth $13,786,546 over the last 90 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.