CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Now Covered by Melius

Melius started coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in a research report released on Tuesday, MarketBeat Ratings reports. The firm issued a hold rating and a $40.00 target price on the stock.

A number of other research firms also recently issued reports on CRWV. Morgan Stanley began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set an "equal weight" rating and a $46.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued a "neutral" rating and a $54.00 price objective on the stock. Barclays assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set an "overweight" rating and a $48.00 target price for the company. Citigroup began coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued a "neutral" rating and a $43.00 price target on the stock. Finally, Wells Fargo & Company initiated coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued an "equal weight" rating and a $41.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of CRWV stock traded down $0.23 on Tuesday, reaching $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 one year low of $33.51 and a one year high of $64.62.

Insider Buying and Selling at CoreWeave, Inc. Class A Common Stock

In related news, Director Jack D. Cogen sold 220,760 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $47.56, for a total value of $10,499,345.60. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kristen J. Mcveety sold 69,460 shares of the company'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 $2,778,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 302,940 shares of company stock valued at $13,786,546.

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.