CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Price Up 10.7% – Still a Buy?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)’s share price was up 10.7% on Friday . The company traded as high as $50.50 and last traded at $49.05. Approximately 4,614,606 shares traded hands during trading, a decline of 64% from the average daily volume of 12,963,411 shares. The stock had previously closed at $44.32.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued an “equal weight” rating and a $41.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a “neutral” rating and a $54.00 price objective for the company. Bank of America started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a “buy” rating and a $42.00 target price for the company. Barclays initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set an “overweight” rating and a $48.00 target price on the stock. Finally, Stifel Nicolaus assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a “buy” rating and a $55.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Performance

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

In related news, Director Jack D. Cogen sold 220,760 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 126,220 shares in the company, valued at approximately $6,003,023.20. This represents a 63.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total transaction 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 $9,272,440. This represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 302,940 shares of company stock valued at $13,786,546 over the last three months.

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.