Moffett Nathanson Begins Coverage on CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)

Equities research analysts at Moffett Nathanson began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set a "neutral" rating and a $43.00 price target on the stock. Moffett Nathanson's target price would suggest a potential downside of 16.29% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. DA Davidson upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Sunday, March 30th. Stifel Nicolaus initiated coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a "buy" rating and a $55.00 price objective on the stock. JPMorgan Chase & Co. started coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set an "overweight" rating and a $43.00 target price for the company. Needham & Company LLC started coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "buy" rating and a $55.00 price target on the stock. Finally, Morgan Stanley began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set an "equal weight" rating and a $46.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $47.75.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of NASDAQ CRWV traded down $3.63 during midday trading on Monday, hitting $51.37. The company's stock had a trading volume of 7,924,468 shares, compared to its average volume of 12,155,436. CoreWeave, Inc. Class A Common Stock has a one year low of $33.51 and a one year high of $64.62.

Insider Activity 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 stock was sold at an average price of $40.00, for a total transaction of $2,778,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack D. Cogen sold 220,760 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $47.56, for a total value of $10,499,345.60. Following the transaction, the director now owns 126,220 shares in the company, valued at approximately $6,003,023.20. The trade was a 63.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 302,940 shares of company stock valued at $13,786,546.

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.