CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Receives $55.25 Average Target Price from Brokerages

Shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) have been given a consensus recommendation of "Hold" by the eighteen brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $55.25.

CRWV has been the subject of a number of analyst reports. DA Davidson downgraded CoreWeave, Inc. Class A Common Stock from a "neutral" rating to an "underperform" rating and set a $36.00 price target for the company. in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft started coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a "hold" rating and a $45.00 target price on the stock. Northland Capmk raised CoreWeave, Inc. Class A Common Stock to a "strong-buy" rating in a research report on Tuesday, May 13th. Jefferies Financial Group started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a "buy" rating and a $51.00 price target for the company. Finally, Wells Fargo & Company increased their price target on CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the company an "equal weight" rating in a research report on Thursday, May 15th.

CoreWeave, Inc. Class A Common Stock Stock Up 1.5%

CoreWeave, Inc. Class A Common Stock stock traded up $1.31 during midday trading on Friday, reaching $87.90. The stock had a trading volume of 11,217,815 shares, compared to its average volume of 14,429,194. CoreWeave, Inc. Class A Common Stock has a 12 month low of $33.51 and a 12 month high of $89.98.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last issued its 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 Buying and Selling at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock news, insider Kristen J. Mcveety sold 69,460 shares of the business's stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of the company's stock in a transaction 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 completion of the transaction, 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 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 90 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL purchased a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,575 shares of the company's stock, valued at approximately $318,000.

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.