CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a research note released on Thursday,Benzinga reports. Needham & Company LLC currently has a $55.00 price objective on the stock.

Other analysts also recently issued reports about the stock. Jefferies Financial Group assumed 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 $51.00 target price on the stock. Melius Research raised CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Tuesday, April 22nd. Stifel Nicolaus initiated coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a “buy” rating and a $55.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a “hold” rating and a $45.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued an “overweight” rating and a $43.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $53.38.

CoreWeave, Inc. Class A Common Stock Trading Down 2.5%

NASDAQ CRWV opened at $65.77 on Thursday. CoreWeave, Inc. Class A Common Stock has a 1 year low of $33.51 and a 1 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) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In related news, insider Kristen J. Mcveety sold 69,460 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $10,499,345.60. Following the transaction, the director now owns 126,220 shares in the company, valued at approximately $6,003,023.20. This trade represents a 63.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 302,940 shares of company stock worth $13,786,546 in the last 90 days.

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 bought a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 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.