CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Now Covered by Stifel Nicolaus

Equities researchers at Stifel Nicolaus initiated coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research note issued to investors on Tuesday. The firm set a “buy” rating and a $55.00 price target on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 55.28% from the stock’s current price.

A number of other analysts also recently issued reports on CRWV. DA Davidson raised CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Sunday, March 30th. Citigroup initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set a “neutral” rating and a $43.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued an “overweight” rating and a $43.00 price objective on the stock. Morgan Stanley started 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 target price for the company. Finally, The Goldman Sachs Group initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued a “neutral” rating and a $54.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, CoreWeave, Inc. Class A Common Stock has an average rating of “Moderate Buy” and an average price target of $46.33.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of CoreWeave, Inc. Class A Common Stock stock opened at $35.42 on Tuesday. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week 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 dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $2,778,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the stock in a transaction dated 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 in the company, valued at approximately $9,272,440. The trade was a 5.20 % 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 valued at $13,786,546 over the last 90 days.

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.