CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Receives $55.25 Average PT from Brokerages

Shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) have been given an average recommendation of “Hold” by the eighteen research firms that are currently covering the stock, MarketBeat.com reports. 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 issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $55.25.

Several equities research analysts have recently commented on the stock. Barclays lifted their price objective on shares of CoreWeave, Inc. Class A Common Stock from $48.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Wells Fargo & Company lifted their price target on CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 15th. The Goldman Sachs Group boosted their price target on CoreWeave, Inc. Class A Common Stock from $54.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday. Moffett Nathanson began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Monday, May 5th. They issued a “neutral” rating and a $43.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft assumed 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 target price on the stock.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of NASDAQ:CRWV opened at $86.59 on Friday. CoreWeave, Inc. Class A Common Stock has a 52-week low of $33.51 and a 52-week high of $88.90.

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

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other news, CFO Nitin Agrawal sold 12,720 shares of the business’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 $508,800.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 126,220 shares in the company, valued at approximately $6,003,023.20. This represents a 63.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 302,940 shares of company stock worth $13,786,546 in the last 90 days.

Institutional Trading of 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 stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.