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

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its price target increased by stock analysts at Mizuho from $46.00 to $70.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target would suggest a potential downside of 12.83% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Moffett Nathanson began coverage on CoreWeave, Inc. Class A Common Stock in a report on Monday, May 5th. They set a “neutral” rating and a $43.00 price target for the company. Wells Fargo & Company raised their price target on CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday. DA Davidson downgraded CoreWeave, Inc. Class A Common Stock from a “neutral” rating to an “underperform” rating and set a $36.00 price target for the company. in a report on Thursday. Jefferies Financial Group initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a “buy” rating and a $51.00 price objective on the stock. Finally, Northland Capmk upgraded CoreWeave, Inc. Class A Common Stock to a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.25.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of CoreWeave, Inc. Class A Common Stock stock 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 announced its quarterly earnings results 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 Buying and Selling

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 value of $10,499,345.60. Following the transaction, the director now owns 126,220 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, CFO Nitin Agrawal sold 12,720 shares of the firm’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 transaction, the chief financial officer now owns 231,811 shares in the company, valued at $9,272,440. The trade was a 5.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 302,940 shares of company stock worth $13,786,546.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL purchased a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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.