CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 573,457 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) major shareholder Magnetar Financial Llc sold 573,457 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $103.84, for a total value of $59,547,774.88. Following the completion of the sale, the insider owned 390,913 shares of the company’s stock, valued at $40,592,405.92. This represents a 59.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Magnetar Financial Llc also recently made the following trade(s):

• On Wednesday, September 10th, Magnetar Financial Llc sold 811,800 shares of CoreWeave stock. The stock was sold at an average price of $118.42, for a total value of $96,133,356.00.
• On Thursday, September 11th, Magnetar Financial Llc sold 204,416 shares of CoreWeave stock. The stock was sold at an average price of $118.05, for a total value of $24,131,308.80.
• On Friday, August 29th, Magnetar Financial Llc sold 80,820 shares of CoreWeave stock. The stock was sold at an average price of $102.38, for a total value of $8,274,351.60.
• On Thursday, August 28th, Magnetar Financial Llc sold 915,339 shares of CoreWeave stock. The shares were sold at an average price of $103.17, for a total value of $94,435,524.63.
• On Friday, August 22nd, Magnetar Financial Llc sold 20,733 shares of CoreWeave stock. The shares were sold at an average price of $98.19, for a total value of $2,035,773.27.
• On Friday, August 15th, Magnetar Financial Llc sold 915,382 shares of CoreWeave stock. The shares were sold at an average price of $100.15, for a total value of $91,675,507.30.
• On Monday, August 18th, Magnetar Financial Llc sold 549,682 shares of CoreWeave stock. The shares were sold at an average price of $100.78, for a total value of $55,396,951.96.

CoreWeave Stock Performance

CRWV stock opened at $112.69 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The company has a 50 day moving average of $114.89. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. CoreWeave’s quarterly revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Hedge Funds Weigh In On CoreWeave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chelsea Counsel Co. acquired a new position in shares of CoreWeave during the 2nd quarter worth $33,000. Archer Investment Corp acquired a new position in shares of CoreWeave during the 2nd quarter worth $34,000. Chilton Capital Management LLC acquired a new position in shares of CoreWeave during the 2nd quarter worth $39,000. TD Waterhouse Canada Inc. acquired a new position in shares of CoreWeave during the 2nd quarter worth $47,000. Finally, Montag A & Associates Inc. acquired a new position in shares of CoreWeave during the 2nd quarter worth $49,000.

Analyst Upgrades and Downgrades

CRWV has been the subject of several research analyst reports. Macquarie lifted their target price on CoreWeave from $65.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Arete Research upgraded CoreWeave from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 21st. HSBC initiated coverage on CoreWeave in a research note on Wednesday, July 16th. They set a “reduce” rating and a $32.00 target price for the company. Citigroup upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Thursday, July 31st. Finally, HC Wainwright raised CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $107.45.

About CoreWeave

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.