Needham & Company LLC Initiates Coverage on CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)

Needham & Company LLC began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm set a "buy" rating and a $55.00 price target on the stock. Needham & Company LLC's target price indicates a potential upside of 32.40% from the company's previous close.

A number of other brokerages have also recently issued reports on CRWV. Mizuho assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $46.00 target price for the company. Jefferies Financial Group began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "buy" rating and a $51.00 target price on the stock. DA Davidson raised CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Sunday, March 30th. Morgan Stanley assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued an "equal weight" rating and a $46.00 price objective on the stock. Finally, Barclays began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued an "overweight" rating and a $48.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $46.86.

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

CRWV stock traded down $0.23 during trading on Tuesday, hitting $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 fifty-two week low of $33.51 and a fifty-two week high of $64.62.

Insider Buying and Selling

In other news, Director Jack D. Cogen sold 220,760 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $47.56, for a total value 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. This trade represents a 63.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $508,800.00. Following the sale, the chief financial officer now directly owns 231,811 shares of the company's stock, valued at approximately $9,272,440. This trade represents a 5.20 % 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 valued at $13,786,546 over the last ninety days.

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.