CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Given New $61.00 Price Target at The Goldman Sachs Group

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its price target boosted by The Goldman Sachs Group from $54.00 to $61.00 in a research note released on Friday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a “buy” rating and a $55.00 target price on the stock. Northland Capmk raised CoreWeave, Inc. Class A Common Stock to a “strong-buy” rating in a research report on Tuesday. DA Davidson lowered CoreWeave, Inc. Class A Common Stock from a “neutral” rating to an “underperform” rating and set a $36.00 target price on the stock. in a research report on Thursday. Wells Fargo & Company lifted their target price on CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a “hold” rating and a $45.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $55.25.

CoreWeave, Inc. Class A Common Stock Stock Up 22.1%

NASDAQ CRWV opened at $80.30 on Friday. CoreWeave, Inc. Class A Common Stock has a one year low of $33.51 and a one year high of $84.00.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.67).

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

In related news, insider Kristen J. Mcveety sold 69,460 shares of the business’s stock in a transaction that occurred 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 SEC, which is available through this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of the business’s stock in a transaction that occurred on 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 $9,272,440. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 302,940 shares of company stock worth $13,786,546 over the last ninety days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL bought a new position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,575 shares of the company’s stock, valued at approximately $318,000.

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.