CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Price Up 1.4% After Analyst Upgrade

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) shares traded up 1.4% during mid-day trading on Thursday after Wells Fargo & Company raised their price target on the stock from $41.00 to $50.00. Wells Fargo & Company currently has an equal weight rating on the stock. CoreWeave, Inc. Class A Common Stock traded as high as $55.20 and last traded at $54.36. 2,124,013 shares were traded during trading, a decline of 83% from the average session volume of 12,147,433 shares. The stock had previously closed at $53.60.

Several other research analysts have also recently commented on CRWV. The Goldman Sachs Group began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a “neutral” rating and a $54.00 target price for the company. Mizuho started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued an “outperform” rating and a $46.00 target price on the stock. Jefferies Financial Group initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a “buy” rating and a $51.00 price target for the company. Moffett Nathanson began coverage on CoreWeave, Inc. Class A Common Stock in a report on Monday, May 5th. They set a “neutral” rating and a $43.00 price target on the stock. Finally, Melius Research raised shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $47.75.

Insider Buying and Selling

In other news, insider Kristen J. Mcveety sold 69,460 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $2,778,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jack D. Cogen sold 220,760 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $47.56, for a total value of $10,499,345.60. Following the sale, the director now directly owns 126,220 shares in the company, valued at $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. Over the last ninety days, insiders sold 302,940 shares of company stock worth $13,786,546.

CoreWeave, Inc. Class A Common Stock Price Performance

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.