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

Melius began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in a report issued on Tuesday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $40.00 price target on the stock.

A number of other brokerages have also commented on CRWV. Stifel Nicolaus assumed 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 target on the stock. JPMorgan Chase & Co. began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set an "overweight" rating and a $43.00 price target on the stock. Morgan Stanley initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued an "equal weight" rating and a $46.00 price target for the company. DA Davidson upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Sunday, March 30th. Finally, The Goldman Sachs Group assumed coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $54.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Performance

CRWV 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 fifty-two week low of $33.51 and a fifty-two week high of $64.62.

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other news, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $2,778,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total transaction of $508,800.00. Following the completion of the sale, the chief financial officer now owns 231,811 shares of the company's stock, valued at approximately $9,272,440. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock valued at $13,786,546 over the last three months.

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.