CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Earns Equal Weight Rating from Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in a research report released on Tuesday morning, MarketBeat Ratings reports. The firm issued an equal weight rating and a $46.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the stock. Barclays started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued an "overweight" rating and a $48.00 price target on the stock. DA Davidson upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Sunday, March 30th. Jefferies Financial Group started coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set a "buy" rating and a $51.00 price objective on the stock. Finally, The Goldman Sachs Group began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued a "neutral" rating and a $54.00 price objective for the company. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, CoreWeave, Inc. Class A Common Stock presently has a consensus rating of "Hold" and a consensus target price of $46.86.

CoreWeave, Inc. Class A Common Stock Trading Down 0.6 %

CRWV stock traded down $0.23 during mid-day trading on Tuesday, hitting $41.54. The company had a trading volume of 8,752,856 shares, 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 Activity at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock news, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now owns 231,811 shares in the company, valued at approximately $9,272,440. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 302,940 shares of company stock worth $13,786,546 in 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.