CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Now Covered by Stifel Nicolaus

Equities research analysts at Stifel Nicolaus assumed coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set a "buy" rating and a $55.00 price target on the stock. Stifel Nicolaus' price objective points to a potential upside of 32.40% from the company's previous close.

A number of other analysts also recently issued reports on CRWV. JPMorgan Chase & Co. started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set an "overweight" rating and a $43.00 price objective for the company. Barclays initiated 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 price target on the stock. DA Davidson upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Sunday, March 30th. The Goldman Sachs Group began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $54.00 target price for the company. Finally, Jefferies Financial Group initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "buy" rating and a $51.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock has a consensus rating of "Hold" and an average target price of $46.86.

CoreWeave, Inc. Class A Common Stock Trading Down 0.6 %

CoreWeave, Inc. Class A Common Stock stock traded down $0.23 during mid-day trading 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 at CoreWeave, Inc. Class A Common Stock

In related news, insider Kristen J. Mcveety sold 69,460 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $2,778,400.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the chief financial officer now owns 231,811 shares of the company's stock, valued at approximately $9,272,440. The trade was 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 in the last quarter.

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.