CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Rating Upgraded by Arete Research

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) was upgraded by stock analysts at Arete Research to a "hold" rating in a research report issued on Thursday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Citigroup lifted their target price on CoreWeave, Inc. Class A Common Stock from $43.00 to $94.00 and gave the company a "neutral" rating in a research note on Wednesday, May 21st. Macquarie lifted their target price on CoreWeave, Inc. Class A Common Stock from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Barclays reaffirmed an "equal weight" rating and set a $100.00 target price (up previously from $70.00) on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, May 27th. Melius began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "hold" rating and a $40.00 target price on the stock. Finally, Melius Research raised CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $65.00.

CoreWeave, Inc. Class A Common Stock Trading Down 17.2%

NASDAQ:CRWV opened at $135.05 on Thursday. The business's 50-day moving average price is $67.49. CoreWeave, Inc. Class A Common Stock has a 52-week low of $33.51 and a 52-week high of $166.63.

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

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other news, insider Kristen J. Mcveety sold 69,460 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 $2,778,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $508,800.00. Following the transaction, the chief financial officer now directly owns 231,811 shares in the company, valued at $9,272,440. This trade represents a 5.20% decrease in their position. The disclosure for this sale can be found here.

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

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