CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Reaches New 12-Month High – Still a Buy?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $64.87 and last traded at $63.26, with a volume of 9976425 shares trading hands. The stock had previously closed at $58.49.

Analyst Ratings Changes

A number of research firms have issued reports on CRWV. Citigroup initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a “neutral” rating and a $43.00 target price on the stock. The Goldman Sachs Group initiated coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a “neutral” rating and a $54.00 target price on the stock. DA Davidson upgraded CoreWeave, Inc. Class A Common Stock to a “hold” rating in a report on Sunday, March 30th. Macquarie assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Wednesday, May 7th. They set a “neutral” rating and a $56.00 price target on the stock. Finally, Needham & Company LLC began coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a “buy” rating and a $55.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $48.50.

CoreWeave, Inc. Class A Common Stock Stock Up 8.2%

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock news, insider Kristen J. Mcveety sold 69,460 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $2,778,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Nitin Agrawal sold 12,720 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $508,800.00. Following the completion of the transaction, the chief financial officer now owns 231,811 shares of the company’s stock, valued at approximately $9,272,440. This represents a 5.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 302,940 shares of company stock worth $13,786,546.

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.