CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Upgraded at Melius Research

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) was upgraded by Melius Research to a "hold" rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on CRWV. Needham & Company LLC began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set a "buy" rating and a $55.00 price target on the stock. Melius initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued a "hold" rating and a $40.00 target price on the stock. Barclays initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set an "overweight" rating and a $48.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued a "hold" rating and a $45.00 price objective on the stock. Finally, Citigroup began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued a "neutral" rating and a $43.00 price objective for the company. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $46.86.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of CoreWeave, Inc. Class A Common Stock stock opened at $38.51 on Tuesday. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $64.62.

Insider Buying and Selling

In related news, Director Jack D. Cogen sold 220,760 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $47.56, for a total transaction of $10,499,345.60. Following the completion of the transaction, the director now directly owns 126,220 shares in the company, valued at approximately $6,003,023.20. This trade represents a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 231,811 shares in the company, valued at $9,272,440. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 302,940 shares of company stock worth $13,786,546 over the last ninety 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.

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