CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its price objective increased by stock analysts at Wells Fargo & Company from $50.00 to $60.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential downside of 25.28% from the company’s current price.

A number of other equities analysts have also commented on the stock. Barclays lifted their price target on shares of CoreWeave, Inc. Class A Common Stock from $48.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 12th. Moffett Nathanson started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Monday, May 5th. They issued a “neutral” rating and a $43.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued an “overweight” rating and a $43.00 price target on the stock. Macquarie assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Wednesday, May 7th. They issued a “neutral” rating and a $56.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $55.00 price objective on shares of CoreWeave, Inc. Class A Common Stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average 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 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 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 other CoreWeave, Inc. Class A Common Stock news, 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 value of $508,800.00. Following the sale, the chief financial officer now owns 231,811 shares of the company’s stock, valued at $9,272,440. The trade was a 5.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jack D. Cogen sold 220,760 shares of the business’s stock in a transaction 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock valued at $13,786,546 in the last 90 days.

Institutional Investors 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 purchased a new stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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.