CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Upgraded to Hold at Melius Research

Melius Research upgraded shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) to a hold rating in a report released on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley assumed coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set an “equal weight” rating and a $46.00 price target on the stock. Mizuho started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued an “outperform” rating and a $46.00 target price for the company. DA Davidson upgraded shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Sunday, March 30th. Melius began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued a “hold” rating and a $40.00 price objective for the company. Finally, Wells Fargo & Company initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued an “equal weight” rating and a $41.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, CoreWeave, Inc. Class A Common Stock currently has an average rating of “Hold” and an average target price of $46.86.

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

Shares of NASDAQ:CRWV opened at $41.77 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 Activity at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock 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 transaction of $10,499,345.60. Following the completion of the transaction, the director now 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Nitin Agrawal sold 12,720 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total transaction of $508,800.00. Following the sale, the chief financial officer now owns 231,811 shares in the company, valued at approximately $9,272,440. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 302,940 shares of company stock worth $13,786,546 over the last quarter.

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.