CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Price Target Raised to $60.00

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) had its price objective lifted by Wells Fargo & Company from $50.00 to $60.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research firms have also weighed in on CRWV. Northland Capmk raised shares of CoreWeave, Inc. Class A Common Stock to a "strong-buy" rating in a report on Tuesday, May 13th. Bank of America initiated coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a "buy" rating and a $42.00 price objective for the company. Macquarie started coverage on CoreWeave, Inc. Class A Common Stock in a research note on Wednesday, May 7th. They issued a "neutral" rating and a $56.00 target price on the stock. 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 research report on Thursday. Finally, Stifel Nicolaus began 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 for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $55.25.

CoreWeave, Inc. Class A Common Stock Stock Up 8.6%

Shares of CoreWeave, Inc. Class A Common Stock stock traded up $6.94 during trading hours on Thursday, hitting $87.24. 26,265,952 shares of the company's stock traded hands, compared to its average volume of 14,370,892. CoreWeave, Inc. Class A Common Stock has a 12-month low of $33.51 and a 12-month high of $88.90.

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

Insider Buying and Selling

In other news, insider Kristen J. Mcveety sold 69,460 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $2,778,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 126,220 shares in the company, 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. Insiders sold a total of 302,940 shares of company stock valued at $13,786,546 over the last three months.

Institutional Trading of 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 bought a new position in 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 Securities & Exchange Commission. The institutional investor 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.