CoreWeave, Inc. Class A Common Stock’s (CRWV) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research report report published on Thursday morning,Benzinga reports. They currently have a $55.00 price target on the stock.

A number of other research firms also recently commented on CRWV. Stifel Nicolaus initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a “buy” rating and a $55.00 price objective for the company. Macquarie initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Wednesday, May 7th. They issued a “neutral” rating and a $56.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a “hold” rating and a $45.00 price objective for the company. Melius Research upgraded shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research note on Tuesday, April 22nd. Finally, Melius began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a “hold” rating and a $40.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $53.38.

CoreWeave, Inc. Class A Common Stock Stock Performance

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

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

Insider Buying and Selling at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock news, Director Jack D. Cogen sold 220,760 shares of the company’s 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 completion of the sale, the director now directly owns 126,220 shares in the company, valued at $6,003,023.20. This represents a 63.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the chief financial officer now directly owns 231,811 shares in the company, valued at approximately $9,272,440. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have 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 purchased a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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.