JMP Securities Initiates Coverage on CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)

Stock analysts at JMP Securities started coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a report issued on Thursday,Benzinga reports. The firm set a “market perform” rating on the stock.

Several other analysts also recently issued reports on CRWV. Deutsche Bank Aktiengesellschaft assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a “hold” rating and a $45.00 price objective on the stock. Citizens Jmp upgraded CoreWeave, Inc. Class A Common Stock to a “hold” rating in a report on Thursday. Stifel Nicolaus assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a “buy” rating and a $55.00 price objective on the stock. Citigroup upped their target price on CoreWeave, Inc. Class A Common Stock from $43.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Wall Street Zen downgraded CoreWeave, Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $58.44.

CoreWeave, Inc. Class A Common Stock Price Performance

CRWV stock opened at $102.74 on Thursday. The business has a 50-day moving average of $54.07. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $116.54.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last posted its quarterly earnings data 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 Activity at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock news, insider Kristen J. Mcveety sold 69,460 shares of the company’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 transaction of $2,778,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of the company’s stock in a transaction that occurred on 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 $6,003,023.20. The trade was a 63.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 302,940 shares of company stock valued at $13,786,546.

Institutional Investors Weigh In On CoreWeave, Inc. Class A Common Stock

An institutional investor recently bought a new position in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL purchased a new position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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.