CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Coverage Initiated by Analysts at JMP Securities

Equities researchers at JMP Securities assumed coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a research report issued on Thursday,Benzinga reports. The brokerage set a "market perform" rating on the stock.

A number of other research firms also recently weighed in on CRWV. Stifel Nicolaus initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $55.00 target price on the stock. Melius Research raised shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Tuesday, April 22nd. Barclays upped their target price on shares of CoreWeave, Inc. Class A Common Stock from $48.00 to $60.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Melius began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a "hold" rating and a $40.00 price target on the stock. Finally, Mizuho upped their price target on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CoreWeave, Inc. Class A Common Stock presently has an average rating of "Hold" and a consensus target price of $58.44.

CoreWeave, Inc. Class A Common Stock Price Performance

CoreWeave, Inc. Class A Common Stock stock traded up $5.64 during mid-day trading on Thursday, hitting $113.03. 39,965,167 shares of the company traded hands, compared to its average volume of 17,028,986. CoreWeave, Inc. Class A Common Stock has a one year low of $33.51 and a one year high of $116.54. The business's fifty day moving average price is $51.76.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last issued 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

In other news, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $47.56, for a total transaction of $10,499,345.60. Following the completion of the sale, the director now directly owns 126,220 shares in the company, valued at approximately $6,003,023.20. This trade represents a 63.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nitin Agrawal sold 12,720 shares of the firm'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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 302,940 shares of company stock worth $13,786,546 over the last three months.

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 stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the first quarter, according to its most recent Form 13F filing 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.

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