CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Receives Buy Rating from Needham & Company LLC

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They presently have a $55.00 target price on the stock. Needham & Company LLC's target price would suggest a potential downside of 18.47% from the company's current price.

CRWV has been the topic of several other reports. JPMorgan Chase & Co. started 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 $43.00 price target on the stock. Stifel Nicolaus initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $55.00 target price on the stock. Citigroup initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $43.00 price target for the company. DA Davidson upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Sunday, March 30th. Finally, Bank of America assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a "buy" rating and a $42.00 price objective for the company. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.50.

CoreWeave, Inc. Class A Common Stock Stock Performance

CoreWeave, Inc. Class A Common Stock stock opened at $67.46 on Thursday. CoreWeave, Inc. Class A Common Stock has a 1-year low of $33.51 and a 1-year high of $68.50.

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

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock news, CFO Nitin Agrawal sold 12,720 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $508,800.00. Following the transaction, the chief financial officer now owns 231,811 shares in the company, valued at $9,272,440. This trade represents a 5.20% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 on Monday, March 3rd. The stock was sold at an average price of $47.56, for a total transaction of $10,499,345.60. Following the transaction, the director now directly owns 126,220 shares of the company's stock, valued at approximately $6,003,023.20. This represents a 63.62% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 302,940 shares of company stock valued at $13,786,546.

Institutional Trading of CoreWeave, Inc. Class A Common Stock

A hedge fund recently bought a new stake in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL acquired a new stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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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