CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Coverage Initiated at Macquarie

Macquarie started coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research note released on Wednesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $56.00 price objective on the stock.

A number of other brokerages also recently commented on CRWV. Barclays started coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued an “overweight” rating and a $48.00 price target for the company. Stifel Nicolaus began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a “buy” rating and a $55.00 target price for the company. Wells Fargo & Company initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued an “equal weight” rating and a $41.00 price target for the company. Bank of America started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Mizuho began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set an “outperform” rating and a $46.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $47.75.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of CRWV stock opened at $51.37 on Wednesday. CoreWeave, Inc. Class A Common Stock has a 12 month low of $33.51 and a 12 month high of $64.62.

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In related news, Director Jack D. Cogen sold 220,760 shares of the company’s stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kristen J. Mcveety sold 69,460 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were 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 have sold 302,940 shares of company stock worth $13,786,546.

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.