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

Investment analysts at Arete started coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a report released on Thursday, MarketBeat.com reports. The brokerage set a "neutral" rating and a $130.00 price target on the stock. Arete's target price points to a potential downside of 7.25% from the stock's current price.

Several other equities analysts have also weighed in on CRWV. DA Davidson lowered shares of CoreWeave, Inc. Class A Common Stock from a "neutral" rating to an "underperform" rating and set a $36.00 price objective on the stock. in a research report on Thursday, May 15th. Jefferies Financial Group initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a "buy" rating and a $51.00 target price on the stock. Wells Fargo & Company raised their target price on CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the stock an "equal weight" rating in a report on Thursday, May 15th. Stifel Nicolaus assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a "buy" rating and a $55.00 target price for the company. Finally, Needham & Company LLC restated a "buy" rating and set a $55.00 target price on shares of CoreWeave, Inc. Class A Common Stock in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $65.00.

CoreWeave, Inc. Class A Common Stock Trading Up 3.8%

Shares of CRWV stock traded up $5.11 during midday trading on Thursday, reaching $140.16. 23,156,453 shares of the company were exchanged, compared to its average volume of 21,614,832. The business has a 50 day simple moving average of $67.49. CoreWeave, Inc. Class A Common Stock has a 12 month low of $33.51 and a 12 month high of $166.63.

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

Insider Buying and Selling at CoreWeave, Inc. Class A Common Stock

In related news, insider Kristen J. Mcveety sold 69,460 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of the business's stock in a transaction 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 approximately $9,272,440. The trade was 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 purchased a new position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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.