CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Price Target Raised to $60.00 at Wells Fargo & Company

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its price objective lifted by Wells Fargo & Company from $50.00 to $60.00 in a report issued on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities analysts also recently issued research reports about the company. Mizuho started coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued an “outperform” rating and a $46.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued an “overweight” rating and a $43.00 price objective on the stock. Jefferies Financial Group started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a “buy” rating and a $51.00 target price for the company. Barclays boosted their price target on shares of CoreWeave, Inc. Class A Common Stock from $48.00 to $60.00 and gave the company an “overweight” rating in a report on Monday. Finally, DA Davidson downgraded shares of CoreWeave, Inc. Class A Common Stock from a “neutral” rating to an “underperform” rating and set a $36.00 price target on the stock. in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $53.38.

CoreWeave, Inc. Class A Common Stock Stock Performance

NASDAQ CRWV opened at $65.77 on Thursday. CoreWeave, Inc. Class A Common Stock has a twelve month low of $33.51 and a twelve month high of $72.97.

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

Insiders Place Their Bets

In other news, Director Jack D. Cogen sold 220,760 shares of the company’s stock in a transaction dated 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 sale, the director now owns 126,220 shares in the company, valued at approximately $6,003,023.20. This represents a 63.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief financial officer now directly owns 231,811 shares in the company, valued at approximately $9,272,440. This represents a 5.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock valued at $13,786,546 over the last three months.

Hedge Funds Weigh In On CoreWeave, Inc. Class A Common Stock

An institutional investor recently bought a new position in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL acquired a new position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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.