Bank of America Initiates Coverage on CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)

Equities research analysts at Bank of America assumed coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a report issued on Tuesday, Marketbeat.com reports. The firm set a "buy" rating and a $42.00 price target on the stock. Bank of America's price target suggests a potential upside of 1.11% from the stock's current price.

Several other analysts have also issued reports on the company. Melius began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued a "hold" rating and a $40.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set an "overweight" rating and a $43.00 price target for the company. Mizuho initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set an "outperform" rating and a $46.00 price objective for the company. Morgan Stanley assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued an "equal weight" rating and a $46.00 price objective on the stock. Finally, Barclays began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set an "overweight" rating and a $48.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of CoreWeave, Inc. Class A Common Stock stock traded down $0.23 during trading on Tuesday, hitting $41.54. 8,752,856 shares of the stock were exchanged, compared to its average volume of 14,329,952. CoreWeave, Inc. Class A Common Stock has a 1-year low of $33.51 and a 1-year high of $64.62.

Insider Activity at CoreWeave, Inc. Class A Common Stock

In other news, CFO Nitin Agrawal sold 12,720 shares of the business's 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 transaction, the chief financial officer now directly owns 231,811 shares in the company, valued at approximately $9,272,440. The trade was a 5.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of the 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 sale, the director now owns 126,220 shares in the company, valued at $6,003,023.20. This represents a 63.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 302,940 shares of company stock valued at $13,786,546 over the last quarter.

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.