CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Earns Equal Weight Rating from Analysts at Morgan Stanley

Morgan Stanley began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued an equal weight rating and a $46.00 target price on the stock.

CRWV has been the subject of several other research reports. DA Davidson upgraded shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Sunday, March 30th. The Goldman Sachs Group initiated coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set a “neutral” rating and a $54.00 target price for the company. Barclays began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued an “overweight” rating and a $48.00 price target on the stock. Finally, Jefferies Financial Group began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued a “buy” rating and a $51.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Up 0.4 %

NASDAQ:CRWV opened at $41.77 on Tuesday. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $64.62.

Insider Buying and Selling

In related news, CFO Nitin Agrawal sold 12,720 shares of the stock in a transaction that occurred 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 directly owns 231,811 shares in the company, valued at approximately $9,272,440. This represents a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the director now directly owns 126,220 shares of the company’s stock, valued at approximately $6,003,023.20. This trade represents a 63.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 302,940 shares of company stock worth $13,786,546.

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.