CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Rating Upgraded by Citizens Jmp

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) was upgraded by research analysts at Citizens Jmp to a "hold" rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

CRWV has been the subject of a number of other research reports. Northland Capmk raised shares of CoreWeave, Inc. Class A Common Stock to a "strong-buy" rating in a research report on Tuesday, May 13th. Stifel Nicolaus began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "buy" rating and a $55.00 price objective for the company. Morgan Stanley increased their target price on CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the company an "equal weight" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. raised their target price on CoreWeave, Inc. Class A Common Stock from $43.00 to $66.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Finally, Melius assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a "hold" rating and a $40.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $58.44.

CoreWeave, Inc. Class A Common Stock Stock Performance

CoreWeave, Inc. Class A Common Stock stock opened at $100.16 on Thursday. CoreWeave, Inc. Class A Common Stock has a one year low of $33.51 and a one year high of $116.54. The firm's fifty day simple moving average is $52.92.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last posted its 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 Buying and Selling

In other news, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock 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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack D. Cogen sold 220,760 shares of the stock in a transaction 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 sale, the director now owns 126,220 shares in the company, valued at $6,003,023.20. The trade was a 63.62% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 302,940 shares of company stock worth $13,786,546.

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 bought a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,575 shares of the company's stock, valued at approximately $318,000.

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.