JPMorgan Chase & Co. Initiates Coverage on CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)

Equities research analysts at JPMorgan Chase & Co. began coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research report issued to clients and investors on Tuesday. The brokerage set an “overweight” rating and a $43.00 price target on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 21.40% from the company’s previous close.

Several other equities analysts have also commented on the company. DA Davidson raised CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Sunday, March 30th. Jefferies Financial Group assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set a “buy” rating and a $51.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set a “neutral” rating and a $54.00 price target for the company. Morgan Stanley assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued an “equal weight” rating and a $46.00 price objective on the stock. Finally, Barclays assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set an “overweight” rating and a $48.00 target price for the company. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, CoreWeave, Inc. Class A Common Stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.33.

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

Shares of CRWV opened at $35.42 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 Transactions at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock news, 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 value of $2,778,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 shares were 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 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 disclosure for this sale can be found here. In the last quarter, insiders sold 302,940 shares of company stock worth $13,786,546.

CoreWeave, Inc. Class A Common Stock Company Profile

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.