Brokerages Set CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) PT at $47.00

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) has earned an average recommendation of "Hold" from the fifteen brokerages that are currently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $46.86.

A number of brokerages have weighed in on CRWV. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a "hold" rating and a $45.00 price target for the company. Jefferies Financial Group 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 $51.00 target price for the company. DA Davidson upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Sunday, March 30th. JPMorgan Chase & Co. initiated 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 target for the company. Finally, Melius began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "hold" rating and a $40.00 price objective on the stock.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of NASDAQ:CRWV traded down $0.23 during midday trading on Tuesday, reaching $41.54. 8,752,856 shares of the company's stock were exchanged, 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 Buying and Selling at CoreWeave, Inc. Class A Common Stock

In related news, 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 sale, the chief financial officer now directly owns 231,811 shares in the company, valued at approximately $9,272,440. This represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kristen J. Mcveety sold 69,460 shares of the firm'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 $2,778,400.00. 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.

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.