CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Gap Up – Here’s What Happened

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) gapped up before the market opened on Tuesday . The stock had previously closed at $35.42, but opened at $36.98. CoreWeave, Inc. Class A Common Stock shares last traded at $37.15, with a volume of 1,129,295 shares changing hands.

Wall Street Analysts Forecast Growth

CRWV has been the subject of a number of research reports. Stifel Nicolaus started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued a “buy” rating and a $55.00 price objective for the company. Mizuho started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set an “outperform” rating and a $46.00 price target for the company. The Goldman Sachs Group started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued a “neutral” rating and a $54.00 target price on the stock. Wells Fargo & Company initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set an “equal weight” rating and a $41.00 target price for the company. Finally, Morgan Stanley initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set an “equal weight” rating and a $46.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Up 7.8 %

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

In other CoreWeave, Inc. Class A Common Stock news, Director Jack D. Cogen sold 220,760 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $47.56, for a total value 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. This represents a 63.62 % 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, 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 transaction, the chief financial officer now directly owns 231,811 shares in the company, valued at approximately $9,272,440. This 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 worth $13,786,546 in the last ninety days.

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.