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

Stock analysts at Jefferies Financial Group began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a report released on Tuesday. The brokerage set a “buy” rating and a $51.00 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 43.99% from the company’s previous close.

Separately, DA Davidson raised CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Sunday, March 30th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.33.

CoreWeave, Inc. Class A Common Stock Price Performance

CRWV stock opened at $35.42 on Tuesday. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $64.62.

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

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

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.