CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Lowered to Sell Rating by Wall Street Zen

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Thursday.

A number of other equities research analysts also recently commented on the stock. Citizens Jmp started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Thursday. They issued a "market perform" rating on the stock. Moffett Nathanson started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Monday, May 5th. They issued a "neutral" rating and a $43.00 price objective on the stock. DA Davidson downgraded 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. Bank of America increased their price objective on shares of CoreWeave, Inc. Class A Common Stock from $42.00 to $76.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Wells Fargo & Company increased their price objective on shares of CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the company an "equal weight" rating in a research report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CoreWeave, Inc. Class A Common Stock has an average rating of "Hold" and a consensus target price of $58.44.

CoreWeave, Inc. Class A Common Stock Stock Up 5.3%

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

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

Insider Activity at CoreWeave, Inc. Class A Common Stock

In related news, CFO Nitin Agrawal sold 12,720 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was 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 $9,272,440. The trade was a 5.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jack D. Cogen sold 220,760 shares of the business's stock in a transaction dated 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 owns 126,220 shares in the company, valued at $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 302,940 shares of company stock worth $13,786,546 in the last quarter.

Hedge Funds Weigh In On CoreWeave, Inc. Class A Common Stock

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 shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 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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