CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage set an "overweight" rating and a $43.00 price target on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 3.51% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued an "equal weight" rating and a $46.00 target price for the company. The Goldman Sachs Group assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $54.00 price target for the company. Jefferies Financial Group assumed coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $51.00 price objective on the stock. Barclays initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set an "overweight" rating and a $48.00 target price for the company. Finally, DA Davidson upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Sunday, March 30th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $46.86.

CoreWeave, Inc. Class A Common Stock Trading Down 0.6 %

Shares of CoreWeave, Inc. Class A Common Stock stock traded down $0.23 on Tuesday, reaching $41.54. The company had a trading volume of 8,752,856 shares, compared to its average volume of 14,329,952. CoreWeave, Inc. Class A Common Stock has a 1 year low of $33.51 and a 1 year high of $64.62.

Insider Activity

In other CoreWeave, Inc. Class A Common Stock news, CFO Nitin Agrawal sold 12,720 shares of the firm's stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction 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 completion of the transaction, the director now directly owns 126,220 shares in the company, valued at $6,003,023.20. This represents a 63.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 302,940 shares of company stock worth $13,786,546.

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.