CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Receives $47.00 Consensus Target Price from Analysts

Shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) have earned an average rating of "Hold" from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $46.86.

Several analysts have recently commented on the company. The Goldman Sachs Group initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued a "neutral" rating and a $54.00 target price for the company. Stifel Nicolaus started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued a "buy" rating and a $55.00 price target for the company. Wells Fargo & Company assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set an "equal weight" rating and a $41.00 price objective on the stock. Needham & Company LLC initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set a "buy" rating and a $55.00 price target on the stock. Finally, DA Davidson upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Sunday, March 30th.

CoreWeave, Inc. Class A Common Stock Stock Performance

NASDAQ CRWV traded down $0.23 on Tuesday, hitting $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 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 CoreWeave, Inc. Class A Common Stock news, CFO Nitin Agrawal sold 12,720 shares of the stock in a transaction dated Thursday, March 27th. The stock was 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 of the company's stock, valued at approximately $9,272,440. This represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jack D. Cogen sold 220,760 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $47.56, for a total value of $10,499,345.60. Following the transaction, the director now owns 126,220 shares of the company's stock, valued at $6,003,023.20. The trade was a 63.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock worth $13,786,546 in the last three months.

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.