Analysts Set CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) PT at $65.00

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWVGet Free Report) has been given an average rating of “Hold” by the twenty-two ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $65.00.

A number of equities analysts have issued reports on CRWV shares. Wells Fargo & Company boosted their price objective on shares of CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 15th. Stifel Nicolaus began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a “buy” rating and a $55.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a “hold” rating and a $45.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on CoreWeave, Inc. Class A Common Stock from $43.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Finally, Citizens Jmp raised CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research note on Thursday, May 22nd.

Get Our Latest Stock Report on CoreWeave, Inc. Class A Common Stock

Insiders Place Their Bets

In other CoreWeave, Inc. Class A Common Stock news, 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 value of $508,800.00. Following the completion of the sale, the chief financial officer now owns 231,811 shares in the company, valued at $9,272,440. This represents a 5.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total transaction of $2,778,400.00. The disclosure for this sale can be found here.

Institutional Trading of CoreWeave, Inc. Class A Common Stock

An institutional investor recently bought a new position in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL bought a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWVFree Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,575 shares of the company’s stock, valued at approximately $318,000.

CoreWeave, Inc. Class A Common Stock Stock Down 1.2%

Shares of NASDAQ CRWV opened at $147.19 on Wednesday. The stock’s 50-day simple moving average is $79.37. CoreWeave, Inc. Class A Common Stock has a 12 month low of $33.51 and a 12 month high of $166.63.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWVGet Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.67).

CoreWeave, Inc. Class A Common Stock Company Profile

(Get Free Report

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.

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Analyst Recommendations for CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)

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