CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Price Target Raised to $50.00

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its price objective hoisted by Wells Fargo & Company from $41.00 to $50.00 in a research report released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research firms have also recently commented on CRWV. Moffett Nathanson assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Monday, May 5th. They issued a “neutral” rating and a $43.00 target price for the company. Citigroup began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a “neutral” rating and a $43.00 price objective for the company. JPMorgan Chase & Co. started coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set an “overweight” rating and a $43.00 target price on the stock. DA Davidson upgraded CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research note on Sunday, March 30th. Finally, Melius Research raised CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research note on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, CoreWeave, Inc. Class A Common Stock presently has a consensus rating of “Hold” and a consensus target price of $47.75.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of CoreWeave, Inc. Class A Common Stock stock opened at $51.37 on Thursday. CoreWeave, Inc. Class A Common Stock has a 52 week low of $33.51 and a 52 week high of $64.62.

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other news, Director Jack D. Cogen sold 220,760 shares of the business’s stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Nitin Agrawal sold 12,720 shares of the stock in a transaction 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 $9,272,440. This trade represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have 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.