CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Coverage Initiated at Needham & Company LLC

Analysts at Needham & Company LLC initiated coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a research note issued on Tuesday, MarketBeat reports. The firm set a "buy" rating and a $55.00 price target on the stock. Needham & Company LLC's price objective points to a potential upside of 32.40% from the stock's previous close.

Several other research analysts have also issued reports on CRWV. Wells Fargo & Company started coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued an "equal weight" rating and a $41.00 price target on the stock. DA Davidson raised shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Sunday, March 30th. JPMorgan Chase & Co. started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set an "overweight" rating and a $43.00 target price for the company. Mizuho started coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued an "outperform" rating and a $46.00 target price on the stock. Finally, Stifel Nicolaus 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 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $46.86.

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

Shares of NASDAQ CRWV traded down $0.23 during trading on Tuesday, hitting $41.54. 8,752,856 shares of the company traded hands, compared to its average volume of 14,329,952. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $64.62.

Insiders Place Their Bets

In related news, CFO Nitin Agrawal sold 12,720 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $9,272,440. This represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kristen J. Mcveety sold 69,460 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $2,778,400.00. The disclosure for this sale can be found here. Over the last 90 days, 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.