CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Price Expected to Rise, Morgan Stanley Analyst Says

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its price objective lifted by Morgan Stanley from $46.00 to $58.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential downside of 27.77% from the stock’s previous close.

Several other analysts have also recently issued reports on CRWV. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a “hold” rating and a $45.00 price objective for the company. Melius Research raised shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research note on Tuesday, April 22nd. Macquarie upped their price objective on shares of CoreWeave, Inc. Class A Common Stock from $56.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday. Melius assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a “hold” rating and a $40.00 price objective for the company. Finally, DA Davidson lowered shares of 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 report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock has an average rating of “Hold” and a consensus price target of $55.25.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of NASDAQ CRWV opened at $80.30 on Thursday. CoreWeave, Inc. Class A Common Stock has a 12-month low of $33.51 and a 12-month high of $84.00.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other news, insider Kristen J. Mcveety sold 69,460 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $2,778,400.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Nitin Agrawal sold 12,720 shares of the company’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 $508,800.00. Following the completion of the transaction, the chief financial officer now owns 231,811 shares in the company, valued at approximately $9,272,440. This represents a 5.20% 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.

Hedge Funds Weigh In On CoreWeave, Inc. Class A Common Stock

An institutional investor recently bought a new position in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL acquired a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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.