Bank of America Initiates Coverage on CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)

Equities research analysts at Bank of America assumed coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a research note issued on Tuesday, MarketBeat Ratings reports. The firm set a "buy" rating and a $42.00 price target on the stock. Bank of America's price target would suggest a potential upside of 1.11% from the company's current price.

Several other equities analysts have also weighed in on the stock. Barclays assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set an "overweight" rating and a $48.00 price objective on the stock. JPMorgan Chase & Co. began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued an "overweight" rating and a $43.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued an "equal weight" rating and a $41.00 price objective for the company. DA Davidson raised CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Sunday, March 30th. Finally, Stifel Nicolaus assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "buy" rating and a $55.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $46.86.

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

Shares of CRWV traded down $0.23 during midday trading on Tuesday, reaching $41.54. 8,752,856 shares of the stock were exchanged, compared to its average volume of 14,329,952. CoreWeave, Inc. Class A Common Stock has a 12-month low of $33.51 and a 12-month high of $64.62.

Insiders Place Their Bets

In related news, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock 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 sale, the chief financial officer now directly owns 231,811 shares of the company's stock, valued at $9,272,440. This trade represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $47.56, for a total value of $10,499,345.60. Following the completion of the transaction, the director now directly owns 126,220 shares of the company's stock, valued at approximately $6,003,023.20. This trade represents a 63.62 % 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 valued at $13,786,546 in the last three months.

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.