Macquarie Forecasts Strong Price Appreciation for CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its target price increased by stock analysts at Macquarie from $56.00 to $65.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Macquarie’s target price suggests a potential downside of 19.05% from the stock’s current price.

CRWV has been the subject of a number of other reports. Mizuho began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued an “outperform” rating and a $46.00 target price for the company. Bank of America began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a “buy” rating and a $42.00 target price for the company. Citigroup began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a “neutral” rating and a $43.00 target price for the company. Moffett Nathanson began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Monday, May 5th. They issued a “neutral” rating and a $43.00 target price for the company. Finally, DA Davidson downgraded shares of CoreWeave, Inc. Class A Common Stock from a “neutral” rating to an “underperform” rating and set a $36.00 target price for the company. in a report on Thursday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CoreWeave, Inc. Class A Common Stock has an average rating of “Hold” and an average price target of $55.25.

CoreWeave, Inc. Class A Common Stock Price Performance

NASDAQ:CRWV opened at $80.30 on Thursday. CoreWeave, Inc. Class A Common Stock has a 1-year low of $33.51 and a 1-year high of $84.00.

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

Insiders Place Their Bets

In other 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 transaction of $508,800.00. Following the transaction, the chief financial officer now directly owns 231,811 shares of the company’s stock, valued at approximately $9,272,440. The trade was a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of the business’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 approximately $6,003,023.20. The trade was a 63.62% 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 Securities and Exchange Commission (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.