Analysts Set CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Target Price at $47.00

Shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) have been given an average rating of “Hold” by the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $46.86.

CRWV has been the topic of several analyst reports. Mizuho assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued an “outperform” rating and a $46.00 price objective on the stock. The Goldman Sachs Group assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a “neutral” rating and a $54.00 price target on the stock. Stifel Nicolaus began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a “buy” rating and a $55.00 price objective for the company. DA Davidson raised shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research note on Sunday, March 30th. Finally, Citigroup initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a “neutral” rating and a $43.00 price target for the company.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of NASDAQ:CRWV opened at $41.54 on Tuesday. CoreWeave, Inc. Class A Common Stock has a 52 week low of $33.51 and a 52 week high of $64.62.

Insider Buying and Selling at CoreWeave, Inc. Class A Common Stock

In related news, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated Monday, March 3rd. The shares were 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 directly owns 126,220 shares of the company’s stock, valued at $6,003,023.20. This trade represents a 63.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of the company’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 completion of 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. In the last three months, insiders have sold 302,940 shares of company stock valued at $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.