CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Coverage Initiated at Stifel Nicolaus

Investment analysts at Stifel Nicolaus started coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a note issued to investors on Tuesday, Marketbeat reports. The brokerage set a "buy" rating and a $55.00 price target on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 32.40% from the company's previous close.

Several other analysts have also commented on the stock. DA Davidson upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Sunday, March 30th. Citigroup began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set a "neutral" rating and a $43.00 target price on the stock. The Goldman Sachs Group began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued a "neutral" rating and a $54.00 price target for the company. 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 objective for the company. Finally, JPMorgan Chase & Co. initiated coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set an "overweight" rating and a $43.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $46.86.

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

Shares of NASDAQ:CRWV traded down $0.23 during midday 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 twelve month low of $33.51 and a twelve month high of $64.62.

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other news, insider Kristen J. Mcveety sold 69,460 shares of the firm'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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $40.00, for a total transaction of $508,800.00. Following the sale, the chief financial officer now directly owns 231,811 shares of the company's stock, valued at approximately $9,272,440. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 302,940 shares of company stock worth $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.