CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Downgraded to "Neutral" Rating by Bank of America

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) was downgraded by investment analysts at Bank of America from a "buy" rating to a "neutral" rating in a research note issued on Monday, MarketBeat Ratings reports.

A number of other equities analysts also recently commented on CRWV. Arete started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Thursday, June 5th. They set a "neutral" rating and a $130.00 price objective for the company. Morgan Stanley upped their target price on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the company an "equal weight" rating in a report on Thursday, May 15th. Moffett Nathanson assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Monday, May 5th. They set a "neutral" rating and a $43.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on CoreWeave, Inc. Class A Common Stock from $43.00 to $66.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "hold" rating and a $45.00 price target on the stock. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $65.00.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of NASDAQ CRWV traded up $11.31 during trading on Monday, reaching $158.50. 19,505,787 shares of the company traded hands, compared to its average volume of 21,634,041. CoreWeave, Inc. Class A Common Stock has a 12-month low of $33.51 and a 12-month high of $166.63. The company has a fifty day moving average price of $79.37.

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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.67).

Insider Buying and Selling

In related news, insider Kristen J. Mcveety sold 69,460 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $2,778,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 sale, the chief financial officer now owns 231,811 shares of the company's stock, 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.

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 acquired a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,575 shares of the company's stock, valued at approximately $318,000.

CoreWeave, Inc. Class A Common Stock Company Profile

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.