CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Price Target Raised to $50.00 at Wells Fargo & Company

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its price objective increased by analysts at Wells Fargo & Company from $41.00 to $50.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential downside of 2.67% from the company’s current price.

Other analysts have also recently issued reports about the company. Moffett Nathanson began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Monday, May 5th. They issued a “neutral” rating and a $43.00 price objective on the stock. DA Davidson raised CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Sunday, March 30th. Stifel Nicolaus initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a “buy” rating and a $55.00 target price on the stock. Needham & Company LLC assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a “buy” rating and a $55.00 target price on the stock. Finally, Melius began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a “hold” rating and a $40.00 price target for the company. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.75.

CoreWeave, Inc. Class A Common Stock Stock Down 6.6 %

CoreWeave, Inc. Class A Common Stock stock opened at $51.37 on Thursday. CoreWeave, Inc. Class A Common Stock has a 52-week low of $33.51 and a 52-week high of $64.62.

Insider Activity

In other CoreWeave, Inc. Class A Common Stock news, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction that occurred 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 transaction, the director now owns 126,220 shares of the company’s stock, valued at $6,003,023.20. The trade was a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were 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 directly owns 231,811 shares of the company’s stock, valued at $9,272,440. The trade was a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders 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.