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

Equities research analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a “hold” rating and a $45.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 27.05% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set a “buy” rating and a $55.00 target price for the company. DA Davidson upgraded shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research note on Sunday, March 30th. The Goldman Sachs Group initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued a “neutral” rating and a $54.00 target price for the company. Mizuho assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set an “outperform” rating and a $46.00 price objective on the stock. Finally, Wells Fargo & Company assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set an “equal weight” rating and a $41.00 target price for the company. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Down 9.4 %

Shares of NASDAQ CRWV opened at $35.42 on Tuesday. 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 related 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 transaction of $508,800.00. Following the transaction, the chief financial officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack D. Cogen sold 220,760 shares of the business’s stock in a transaction that occurred 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 sale, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 302,940 shares of company stock valued at $13,786,546.

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.