CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Earns Hold Rating from Analysts at Melius

Research analysts at Melius initiated coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research note issued on Tuesday. The firm set a “hold” rating and a $40.00 price target on the stock. Melius’ price target would indicate a potential upside of 12.93% from the company’s current price.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. began coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set an “overweight” rating and a $43.00 target price on the stock. Barclays began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued an “overweight” rating and a $48.00 price target for the company. Morgan Stanley assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set an “equal weight” rating and a $46.00 price objective on the stock. Jefferies Financial Group assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued a “buy” rating and a $51.00 price objective for the company. Finally, Wells Fargo & Company initiated coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set an “equal weight” rating and a $41.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, CoreWeave, Inc. Class A Common Stock has an average rating of “Moderate Buy” and a consensus target price of $46.33.

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

Shares of CoreWeave, Inc. Class A Common Stock stock opened at $35.42 on Tuesday. CoreWeave, Inc. Class A Common Stock has a 52-week low of $33.51 and a 52-week high of $64.62.

Insiders Place Their Bets

In other 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 value of $508,800.00. Following the sale, the chief financial officer now directly owns 231,811 shares in the company, valued at approximately $9,272,440. This trade represents a 5.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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. Over the last 90 days, insiders 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.