CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Coverage Initiated by Analysts at Wells Fargo & Company

Equities researchers at Wells Fargo & Company began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a research report issued on Tuesday, MarketBeat reports. The brokerage set an "equal weight" rating and a $41.00 price target on the stock. Wells Fargo & Company's price objective would indicate a potential downside of 1.30% from the company's current price.

Several other research analysts have also commented on the company. JPMorgan Chase & Co. assumed coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued an "overweight" rating and a $43.00 price objective on the stock. DA Davidson upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Sunday, March 30th. Morgan Stanley assumed 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 on the stock. Barclays 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 $48.00 target price for the company. Finally, Citigroup started coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $43.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, CoreWeave, Inc. Class A Common Stock presently has an average rating of "Hold" and a consensus price target of $46.86.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of CoreWeave, Inc. Class A Common Stock stock traded down $0.23 during trading hours on Tuesday, hitting $41.54. The company's stock had a trading volume of 8,752,856 shares, compared to its average volume of 14,329,952. CoreWeave, Inc. Class A Common Stock has a 1-year low of $33.51 and a 1-year high of $64.62.

Insider Buying and Selling

In other news, CFO Nitin Agrawal sold 12,720 shares of the business's 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 sale, the chief financial officer now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of the firm's stock in a transaction 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 $6,003,023.20. This trade represents a 63.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 302,940 shares of company stock worth $13,786,546.

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.