CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its price target boosted by Wells Fargo & Company from $41.00 to $50.00 in a research note published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages have also recently commented on CRWV. Morgan Stanley assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set an “equal weight” rating and a $46.00 target price for the company. Needham & Company LLC assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a “buy” rating and a $55.00 price objective for the company. Moffett Nathanson assumed coverage on CoreWeave, Inc. Class A Common Stock in a research report on Monday, May 5th. They set a “neutral” rating and a $43.00 target price on the stock. JPMorgan Chase & Co. started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued an “overweight” rating and a $43.00 price target for the company. Finally, Barclays initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set an “overweight” rating and a $48.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $47.75.

CoreWeave, Inc. Class A Common Stock Stock Down 6.6 %

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 Activity at CoreWeave, Inc. Class A Common Stock

In related news, CFO Nitin Agrawal sold 12,720 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 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. This trade represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $47.56, for a total value of $10,499,345.60. Following the sale, the director now owns 126,220 shares in the company, valued at approximately $6,003,023.20. This trade represents a 63.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 302,940 shares of company stock valued at $13,786,546.

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.