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

Shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) have been assigned an average rating of “Hold” from the eighteen ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $58.44.

A number of analysts have commented on CRWV shares. Wells Fargo & Company lifted their price target on CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 15th. Mizuho lifted their target price on CoreWeave, Inc. Class A Common Stock from $46.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. DA Davidson lowered CoreWeave, Inc. Class A Common Stock from a “neutral” rating to an “underperform” rating and set a $36.00 target price on the stock. in a research report on Thursday, May 15th. Bank of America increased their price target on shares of CoreWeave, Inc. Class A Common Stock from $42.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Finally, Northland Capmk raised shares of CoreWeave, Inc. Class A Common Stock to a “strong-buy” rating in a research report on Tuesday, May 13th.

CoreWeave, Inc. Class A Common Stock Stock Up 19.0%

CRWV stock opened at $107.39 on Friday. The stock has a 50 day moving average of $51.76. CoreWeave, Inc. Class A Common Stock has a 52 week low of $33.51 and a 52 week high of $109.49.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

Insider Activity at CoreWeave, Inc. Class A Common Stock

In other news, insider Kristen J. Mcveety sold 69,460 shares of the business’s 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 $2,778,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack D. Cogen sold 220,760 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 126,220 shares of the company’s stock, valued at approximately $6,003,023.20. The trade was a 63.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 302,940 shares of company stock worth $13,786,546 in the last three months.

Institutional Investors Weigh In On CoreWeave, Inc. Class A Common Stock

A hedge fund recently bought a new stake in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL acquired a new stake in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,575 shares of the company’s stock, valued at approximately $318,000.

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.