CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Rating Lowered by DA Davidson

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) was downgraded by analysts at DA Davidson from a “neutral” rating to an “underperform” rating in a note issued to investors on Thursday, MarketBeat reports. They presently have a $36.00 price target on the stock. DA Davidson’s target price would suggest a potential downside of 55.17% from the stock’s previous close.

CRWV has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft started 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 price target on the stock. 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 price objective on the stock. Moffett Nathanson started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Monday, May 5th. They issued a “neutral” rating and a $43.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of CoreWeave, Inc. Class A Common Stock in a research report on Thursday. Finally, Melius Research raised CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.25.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of CRWV opened at $80.30 on Thursday. CoreWeave, Inc. Class A Common Stock has a 52 week low of $33.51 and a 52 week high of $84.00.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last issued 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 Activity

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

Institutional Investors Weigh In On CoreWeave, Inc. Class A Common Stock

A hedge fund recently bought a new stake 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) in 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.

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.