CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Now Covered by Arete

Analysts at Arete initiated coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a research note issued on Thursday, Marketbeat.com reports. The firm set a "neutral" rating and a $130.00 price target on the stock. Arete's price target points to a potential downside of 7.25% from the company's previous close.

Several other research firms also recently weighed in on CRWV. Moffett Nathanson began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Monday, May 5th. They issued a "neutral" rating and a $43.00 price objective for the company. Bank of America boosted their price objective on CoreWeave, Inc. Class A Common Stock from $42.00 to $76.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Citigroup boosted their price objective on CoreWeave, Inc. Class A Common Stock from $43.00 to $94.00 and gave the stock a "neutral" rating in a report on Wednesday, May 21st. DA Davidson downgraded CoreWeave, Inc. Class A Common Stock from a "neutral" rating to an "underperform" rating and set a $36.00 target price on the stock. in a report on Thursday, May 15th. Finally, Wells Fargo & Company upped their target price on CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the company an "equal weight" rating in a report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CoreWeave, Inc. Class A Common Stock has an average rating of "Hold" and an average price target of $65.00.

CoreWeave, Inc. Class A Common Stock Price Performance

CRWV stock traded up $5.11 during trading on Thursday, hitting $140.16. 23,156,453 shares of the company's stock traded hands, compared to its average volume of 21,614,832. CoreWeave, Inc. Class A Common Stock has a 52 week low of $33.51 and a 52 week high of $166.63. The firm's fifty day moving average price is $69.24.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In related news, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $40.00, for a total transaction of $2,778,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nitin Agrawal sold 12,720 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $508,800.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL acquired a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,575 shares of the company's stock, valued at approximately $318,000.

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.