CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Investment analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a report released on Tuesday, MarketBeat reports. The brokerage set a "hold" rating and a $45.00 price target on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 8.33% from the company's current price.

Other equities research analysts have also recently issued research reports about the stock. Mizuho assumed 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. Needham & Company LLC started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set a "buy" rating and a $55.00 price objective for the company. Bank of America initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued a "buy" rating and a $42.00 price target on the stock. Barclays initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued an "overweight" rating and a $48.00 price objective on the stock. Finally, Wells Fargo & Company initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set an "equal weight" rating and a $41.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Performance

CoreWeave, Inc. Class A Common Stock stock traded down $0.23 during mid-day trading on Tuesday, reaching $41.54. 8,752,856 shares of the company were exchanged, compared to its average volume of 14,329,952. CoreWeave, Inc. Class A Common Stock has a 12 month low of $33.51 and a 12 month high of $64.62.

Insider Buying and Selling

In related news, CFO Nitin Agrawal sold 12,720 shares of the firm's stock in a transaction on 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 transaction, the chief financial officer now directly owns 231,811 shares of the company's stock, valued at $9,272,440. This trade represents a 5.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kristen J. Mcveety sold 69,460 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $2,778,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 302,940 shares of company stock valued at $13,786,546 over the last 90 days.

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.