CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Price Target Raised to $66.00

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) had its price target boosted by JPMorgan Chase & Co. from $43.00 to $66.00 in a research note released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

CRWV has been the topic of a number of other reports. Stifel Nicolaus began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a “buy” rating and a $55.00 target price on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a “hold” rating and a $45.00 price objective on the stock. Morgan Stanley boosted their target price on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the company an “equal weight” rating in a research note on Thursday. DA Davidson lowered 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. Finally, Jefferies Financial Group initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a “buy” rating and a $51.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued 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, the stock has an average rating of “Hold” and an average target price of $55.25.

CoreWeave, Inc. Class A Common Stock Price Performance

Shares of NASDAQ:CRWV opened at $80.30 on Friday. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $84.00.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last announced 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).

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In related news, CFO Nitin Agrawal sold 12,720 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $508,800.00. Following the sale, the chief financial officer now directly owns 231,811 shares in the company, valued at $9,272,440. The trade was a 5.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jack D. Cogen sold 220,760 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $47.56, for a total transaction 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 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 Inflows and Outflows

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 Form 13F filing with the SEC. The firm 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.