CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Cut to “Neutral” at Bank of America

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, Marketbeat Ratings reports.

Several other equities analysts also recently commented on CRWV. Barclays reiterated an “equal weight” rating and set a $100.00 price target (up previously from $70.00) on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, May 27th. The Goldman Sachs Group raised their target price on CoreWeave, Inc. Class A Common Stock from $54.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a “hold” rating and a $45.00 price target for the company. Stifel Nicolaus initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a “buy” rating and a $55.00 target price for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $55.00 target price on shares of CoreWeave, Inc. Class A Common Stock in a research note on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $65.00.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of NASDAQ CRWV traded up $0.18 during trading on Monday, hitting $158.68. The company had a trading volume of 3,503,051 shares, compared to its average volume of 21,267,801. The firm has a 50-day moving average of $81.67. CoreWeave, Inc. Class A Common Stock has a 52 week low of $33.51 and a 52 week high of $166.63.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last posted its quarterly earnings results 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).

Insider Buying and Selling

In other CoreWeave, Inc. Class A Common Stock news, insider Kristen J. Mcveety sold 69,460 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $40.00, for a total transaction of $2,778,400.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $508,800.00. Following the sale, the chief financial officer now directly owns 231,811 shares in the company, valued at $9,272,440. This trade represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here.

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 position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) during the 1st quarter, according to its most recent Form 13F filing with the SEC. 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.