CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Upgraded to Hold at Melius Research

Melius Research upgraded shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) to a hold rating in a report published on Tuesday,Zacks.com reports.

A number of other research firms have also recently weighed in on CRWV. Jefferies Financial Group began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set a “buy” rating and a $51.00 price objective on the stock. Melius started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set a “hold” rating and a $40.00 price target on the stock. Stifel Nicolaus started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued a “buy” rating and a $55.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set a “hold” rating and a $45.00 price objective on the stock. Finally, Wells Fargo & Company assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued an “equal weight” rating and a $41.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, CoreWeave, Inc. Class A Common Stock presently has an average rating of “Hold” and a consensus target price of $46.86.

CoreWeave, Inc. Class A Common Stock Price Performance

CRWV opened at $38.51 on Tuesday. CoreWeave, Inc. Class A Common Stock has a one year low of $33.51 and a one year high of $64.62.

Insider Activity 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 CoreWeave, Inc. Class A Common Stock stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $2,778,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 transaction, the director now owns 126,220 shares in the company, valued at $6,003,023.20. The trade was a 63.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 302,940 shares of company stock worth $13,786,546 in the last three months.

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.