CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Price Target Raised to $58.00 at Morgan Stanley

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its price objective lifted by Morgan Stanley from $46.00 to $58.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities analysts also recently commented on the stock. Northland Capmk upgraded shares of CoreWeave, Inc. Class A Common Stock to a “strong-buy” rating in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of CoreWeave, Inc. Class A Common Stock in a report on Thursday. Mizuho began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued an “outperform” rating and a $46.00 price objective on the stock. Jefferies Financial Group initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a “buy” rating and a $51.00 target price for the company. Finally, Stifel Nicolaus began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a “buy” rating and a $55.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $53.38.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of CRWV stock opened at $65.77 on Thursday. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $72.97.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

Insiders Place Their Bets

In related news, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock 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 sale, the director now directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kristen J. Mcveety sold 69,460 shares of the stock in a transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 302,940 shares of company stock valued at $13,786,546.

Institutional Trading of CoreWeave, Inc. Class A Common Stock

A hedge fund recently bought a new stake in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL bought a new position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,575 shares of the company’s stock, valued at approximately $318,000.

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.