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

Analysts at Bank of America started coverage on shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a $42.00 price target on the stock. Bank of America‘s target price points to a potential upside of 18.58% from the company’s previous close.

Several other research firms have also commented on CRWV. JPMorgan Chase & Co. started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They set an “overweight” rating and a $43.00 price objective for the company. Morgan Stanley started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued an “equal weight” rating and a $46.00 price objective for the company. Melius assumed coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set a “hold” rating and a $40.00 target price on the stock. Barclays assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday. They issued an “overweight” rating and a $48.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued a “buy” rating and a $51.00 target price for the company. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, CoreWeave, Inc. Class A Common Stock currently has an average rating of “Moderate Buy” and an average price target of $46.33.

CoreWeave, Inc. Class A Common Stock Stock Performance

CRWV opened at $35.42 on Tuesday. CoreWeave, Inc. Class A Common Stock has a 1 year low of $33.51 and a 1 year high of $64.62.

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other news, insider Kristen J. Mcveety sold 69,460 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $2,778,400.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $6,003,023.20. This trade represents a 63.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock worth $13,786,546 over the last 90 days.

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.