Analysts Set CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Price Target at $55.25

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) has been assigned a consensus rating of "Hold" from the eighteen research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $55.25.

Several brokerages have issued reports on CRWV. Stifel Nicolaus began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "buy" rating and a $55.00 price target on the stock. Melius Research upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "hold" rating and a $45.00 price target on the stock. Moffett Nathanson initiated coverage on CoreWeave, Inc. Class A Common Stock in a report on Monday, May 5th. They issued a "neutral" rating and a $43.00 price target on the stock. Finally, Needham & Company LLC restated a "buy" rating and issued a $55.00 target price on shares of CoreWeave, Inc. Class A Common Stock in a report on Thursday.

CoreWeave, Inc. Class A Common Stock Stock Up 22.1%

NASDAQ CRWV traded up $14.53 during trading hours on Friday, hitting $80.30. 42,524,751 shares of the company's stock were exchanged, compared to its average volume of 14,032,203. CoreWeave, Inc. Class A Common Stock has a 1-year low of $33.51 and a 1-year high of $84.00.

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

Insiders Place Their Bets

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 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 legal filing with the SEC, which is available at this link. Also, CFO Nitin Agrawal sold 12,720 shares of the business's stock in a transaction 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 302,940 shares of company stock valued at $13,786,546.

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 bought a new stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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.