CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Coverage Initiated at Citigroup

Citigroup initiated coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research report sent to investors on Tuesday morning, Marketbeat reports. The brokerage issued a neutral rating and a $43.00 target price on the stock.

A number of other research firms have also weighed in on CRWV. The Goldman Sachs Group started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set a “neutral” rating and a $54.00 price objective for the company. Morgan Stanley initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set an “equal weight” rating and a $46.00 price objective on the stock. Jefferies Financial Group started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued a “buy” rating and a $51.00 target price on the stock. DA Davidson raised shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Sunday, March 30th. Finally, JPMorgan Chase & Co. began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set an “overweight” rating and a $43.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, CoreWeave, Inc. Class A Common Stock currently has an average rating of “Hold” and an average target price of $46.86.

CoreWeave, Inc. Class A Common Stock Price Performance

CRWV opened at $41.77 on Tuesday. CoreWeave, Inc. Class A Common Stock has a 12-month low of $33.51 and a 12-month high of $64.62.

Insider Activity at CoreWeave, Inc. Class A Common Stock

In other news, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 231,811 shares in the company, valued at approximately $9,272,440. The trade was a 5.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kristen J. Mcveety sold 69,460 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $2,778,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 302,940 shares of company stock valued at $13,786,546 over the last 90 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.