CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Receives Average Rating of “Hold” from Analysts

Shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) have been assigned an average recommendation of “Hold” from the one analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $47.00.

Several research analysts have recently commented on the company. Stifel Nicolaus began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued a “buy” rating and a $55.00 price objective on the stock. Mizuho initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued an “outperform” rating and a $46.00 price target for the company. Wells Fargo & Company initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued an “equal weight” rating and a $41.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set a “hold” rating and a $45.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued an “overweight” rating and a $43.00 price target for the company.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of NASDAQ CRWV opened at $35.42 on Tuesday. CoreWeave, Inc. Class A Common Stock has a one year low of $33.51 and a one year high of $64.62.

Insider Buying and Selling

In related news, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $47.56, for a total value of $10,499,345.60. Following the completion of the transaction, the director now directly owns 126,220 shares in the company, valued at approximately $6,003,023.20. This represents a 63.62 % 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.

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.