CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Given Average Recommendation of “Hold” by Analysts

Shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) have received a consensus rating of “Hold” from the eighteen analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $58.44.

A number of research firms recently issued reports on CRWV. Northland Capmk upgraded CoreWeave, Inc. Class A Common Stock to a “strong-buy” rating in a report on Tuesday, May 13th. Macquarie lifted their target price on CoreWeave, Inc. Class A Common Stock from $56.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, May 15th. The Goldman Sachs Group boosted their target price on shares of CoreWeave, Inc. Class A Common Stock from $54.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Jefferies Financial Group assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a “buy” rating and a $51.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $55.00 price objective on shares of CoreWeave, Inc. Class A Common Stock in a report on Thursday, May 15th.

Insiders Place Their Bets

In other CoreWeave, Inc. Class A Common Stock news, Director Jack D. Cogen sold 220,760 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $47.56, for a total value of $10,499,345.60. Following the completion of the transaction, the director now directly owns 126,220 shares in the company, valued at approximately $6,003,023.20. The trade was a 63.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kristen J. Mcveety sold 69,460 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were 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 sold a total of 302,940 shares of company stock worth $13,786,546 over the last 90 days.

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 position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 8,575 shares of the company’s stock, valued at approximately $318,000.

CoreWeave, Inc. Class A Common Stock Price Performance

CRWV stock opened at $107.39 on Friday. CoreWeave, Inc. Class A Common Stock has a 12 month low of $33.51 and a 12 month high of $109.49. The business’s 50-day moving average price is $51.76.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

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.