CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Raised to Hold at Melius Research

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) was upgraded by research analysts at Melius Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other analysts have also weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued a “neutral” rating and a $54.00 price objective for the company. Barclays assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set an “overweight” rating and a $48.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued a “hold” rating and a $45.00 price objective for the company. Wells Fargo & Company initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set an “equal weight” rating and a $41.00 target price on the stock. Finally, Jefferies Financial Group began coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued a “buy” rating and a $51.00 price target for the company. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $46.86.

CoreWeave, Inc. Class A Common Stock Trading Up 8.1 %

Shares of CRWV stock opened at $41.62 on Tuesday. CoreWeave, Inc. Class A Common Stock has a twelve month low of $33.51 and a twelve month high of $64.62.

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In related news, insider Kristen J. Mcveety sold 69,460 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated 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 of the company’s stock, valued at approximately $6,003,023.20. This represents a 63.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 302,940 shares of company stock worth $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.