CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research note released on Tuesday, MarketBeat reports. The firm issued an equal weight rating and a $41.00 price objective on the stock.

Several other brokerages have also commented on CRWV. Morgan Stanley initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued an “equal weight” rating and a $46.00 price objective on the stock. DA Davidson raised shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a report on Sunday, March 30th. Jefferies Financial Group started coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set a “buy” rating and a $51.00 price objective for the company. Mizuho started coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued an “outperform” rating and a $46.00 target price on the stock. Finally, Barclays assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued an “overweight” rating and a $48.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, CoreWeave, Inc. Class A Common Stock presently has a consensus rating of “Hold” and an average price target of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of CoreWeave, Inc. Class A Common Stock stock opened at $41.77 on Tuesday. CoreWeave, Inc. Class A Common Stock has a 1 year low of $33.51 and a 1 year high of $64.62.

Insiders Place Their Bets

In other news, CFO Nitin Agrawal sold 12,720 shares of the business’s stock in a transaction dated 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 transaction, 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 ownership of the stock. 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 company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock worth $13,786,546 in 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.