CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Rating Upgraded by Citizens Jmp

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) was upgraded by research analysts at Citizens Jmp to a “hold” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

CRWV has been the subject of a number of other research reports. Northland Capmk raised shares of CoreWeave, Inc. Class A Common Stock to a “strong-buy” rating in a research report on Tuesday, May 13th. Stifel Nicolaus began coverage on 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. Morgan Stanley increased their target price on CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the company an “equal weight” rating in a report on Thursday, May 15th. JPMorgan Chase & Co. raised their target price on CoreWeave, Inc. Class A Common Stock from $43.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Finally, Melius assumed 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 $40.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $58.44.

CoreWeave, Inc. Class A Common Stock Stock Performance

CoreWeave, Inc. Class A Common Stock stock opened at $100.16 on Thursday. CoreWeave, Inc. Class A Common Stock has a one year low of $33.51 and a one year high of $116.54. The firm’s fifty day simple moving average is $52.92.

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

Insider Buying and Selling

In other news, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock 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 $508,800.00. Following the completion of the transaction, the chief financial officer now owns 231,811 shares in the company, valued at approximately $9,272,440. The trade was a 5.20% decrease in their position. The sale 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 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 sale, the director now owns 126,220 shares in the company, valued at $6,003,023.20. The trade was 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.

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 bought a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,575 shares of the company’s stock, valued at approximately $318,000.

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.