CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) had its target price hoisted by Wells Fargo & Company from $50.00 to $60.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential downside of 11.76% from the stock's previous close.

CRWV has been the topic of a number of other reports. 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 price objective on the stock. Morgan Stanley began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set an "equal weight" rating and a $46.00 price target on the stock. DA Davidson cut CoreWeave, Inc. Class A Common Stock from a "neutral" rating to an "underperform" rating and set a $36.00 price objective on the stock. in a research report on Thursday. Mizuho started coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $46.00 price target for the company. Finally, Citigroup assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $43.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $49.00.

CoreWeave, Inc. Class A Common Stock Price Performance

CoreWeave, Inc. Class A Common Stock stock opened at $68.00 on Thursday. CoreWeave, Inc. Class A Common Stock has a 52 week low of $33.51 and a 52 week high of $68.50.

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

Insiders Place Their Bets

In other news, CFO Nitin Agrawal sold 12,720 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were 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 owns 231,811 shares in the company, valued at approximately $9,272,440. This trade represents a 5.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jack D. Cogen sold 220,760 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were 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 in the company, valued at $6,003,023.20. The trade was a 63.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 302,940 shares of company stock worth $13,786,546 over the last ninety days.

Institutional Investors Weigh In On 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 filing with the SEC. The fund acquired 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.

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