CoreWeave, Inc. Class A Common Stock ‘s Quiet Period Set To End on May 7th (NASDAQ:CRWV)

CoreWeave, Inc. Class A Common Stock’s (NASDAQ:CRWV) quiet period is set to end on Wednesday, May 7th. CoreWeave, Inc. Class A Common Stock had issued 37,500,000 shares in its IPO on March 28th. The total size of the offering was $1,500,000,000 based on an initial share price of $40.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CRWV. Stifel Nicolaus started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a “buy” rating and a $55.00 price objective for the company. Barclays started coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued an “overweight” rating and a $48.00 price target for the company. JPMorgan Chase & Co. started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued an “overweight” rating and a $43.00 target price for the company. Melius started coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a “hold” rating and a $40.00 target price on the stock. Finally, Melius Research raised shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Tuesday, April 22nd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock currently has a consensus rating of “Hold” and an average target price of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of CRWV stock opened at $42.82 on Wednesday. CoreWeave, Inc. Class A Common Stock has a one year low of $33.51 and a one year high of $64.62.

Insiders Place Their Bets

In related news, Director Jack D. Cogen sold 220,760 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was 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. This trade 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 through this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 231,811 shares of the company’s stock, valued at approximately $9,272,440. The trade was a 5.20 % decrease in their position. 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 in the last quarter.

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.