CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Coverage Initiated by Analysts at Needham & Company LLC

Needham & Company LLC assumed coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a report issued on Tuesday morning, Marketbeat reports. The brokerage issued a buy rating and a $55.00 target price on the stock.

A number of other brokerages also recently issued reports on CRWV. Stifel Nicolaus began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set a “buy” rating and a $55.00 price target for the company. Barclays started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued an “overweight” rating and a $48.00 target price on the stock. Citigroup began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They set a “neutral” rating and a $43.00 price target for the company. Jefferies Financial Group assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued a “buy” rating and a $51.00 price objective on the stock. Finally, Wells Fargo & Company started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued an “equal weight” rating and a $41.00 target price on the stock. Seven research 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.86.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of CRWV opened at $38.51 on Tuesday. CoreWeave, Inc. Class A Common Stock has a 52-week low of $33.51 and a 52-week high of $64.62.

Insider Activity at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock 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 completion of the transaction, the chief financial officer now owns 231,811 shares of the company’s stock, valued at $9,272,440. This trade represents a 5.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $10,499,345.60. Following the completion of the transaction, the director now owns 126,220 shares of the company’s stock, valued at approximately $6,003,023.20. This trade represents a 63.62 % decrease in their position. The disclosure for this sale can be found here. Over 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.