CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Given Average Recommendation of "Hold" by Brokerages

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-two analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $65.00.

CRWV has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $55.00 price objective on shares of CoreWeave, Inc. Class A Common Stock in a research report on Thursday, May 15th. Melius assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "hold" rating and a $40.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 15th. Wall Street Zen lowered CoreWeave, Inc. Class A Common Stock from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, JMP Securities initiated coverage on CoreWeave, Inc. Class A Common Stock in a report on Thursday, May 22nd. They issued a "market perform" rating on the stock.

CoreWeave, Inc. Class A Common Stock Stock Performance

NASDAQ:CRWV traded down $5.20 during mid-day trading on Wednesday, hitting $149.70. 25,415,610 shares of the company traded hands, compared to its average volume of 21,894,748. The company has a fifty day moving average of $73.28. CoreWeave, Inc. Class A Common Stock has a one year low of $33.51 and a one year high of $166.63.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last released its 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).

Insider Activity 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 firm'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 $2,778,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $508,800.00. Following the completion of the sale, the chief financial officer now owns 231,811 shares of the company's stock, valued at $9,272,440. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Institutional Investors Weigh In On CoreWeave, Inc. Class A Common Stock

An institutional investor recently bought a new position in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL purchased a new stake in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the first quarter, according to the company in its most recent 13F filing with the 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.