Magnetar Financial Llc Sells 286,323 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) major shareholder Magnetar Financial Llc sold 286,323 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $137.11, for a total value of $39,257,746.53. Following the completion of the transaction, the insider directly owned 349,760 shares of the company’s stock, valued at approximately $47,955,593.60. This trade represents a 45.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% 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 Thursday, October 2nd, Magnetar Financial Llc sold 901,524 shares of CoreWeave stock. The shares were sold at an average price of $138.22, for a total transaction of $124,608,647.28.
• On Thursday, October 2nd, Magnetar Financial Llc sold 149,524 shares of CoreWeave stock. The shares were sold at an average price of $138.20, for a total transaction of $20,664,216.80.
• On Tuesday, September 30th, Magnetar Financial Llc sold 732,944 shares of CoreWeave stock. The shares were sold at an average price of $139.55, for a total value of $102,282,335.20.
• On Tuesday, September 30th, Magnetar Financial Llc sold 581,484 shares of CoreWeave stock. The shares were sold at an average price of $139.55, for a total value of $81,146,092.20.
• On Tuesday, September 30th, Magnetar Financial Llc sold 99,691 shares of CoreWeave stock. The stock was sold at an average price of $139.55, for a total value of $13,911,879.05.
• On Thursday, September 25th, Magnetar Financial Llc sold 1,113,847 shares of CoreWeave stock. The stock was sold at an average price of $136.38, for a total value of $151,906,453.86.
• On Thursday, September 25th, Magnetar Financial Llc sold 185,627 shares of CoreWeave stock. The shares were sold at an average price of $136.38, for a total value of $25,315,810.26.
• On Thursday, September 18th, Magnetar Financial Llc sold 1,059,358 shares of CoreWeave stock. The shares were sold at an average price of $120.62, for a total value of $127,779,761.96.
• On Thursday, September 18th, Magnetar Financial Llc sold 176,512 shares of CoreWeave stock. The shares were sold at an average price of $120.62, for a total value of $21,290,877.44.
• On Friday, September 19th, Magnetar Financial Llc sold 1,451,063 shares of CoreWeave stock. The stock was sold at an average price of $125.60, for a total value of $182,253,512.80.

CoreWeave Trading Down 2.3%

CRWV stock opened at $134.79 on Friday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a fifty day simple moving average of $111.91. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The firm had revenue of $1.21 million during the quarter. The business’s 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Costello Asset Management INC increased its holdings in CoreWeave by 33.3% during the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company’s stock worth $65,000 after purchasing an additional 100 shares during the period. Chelsea Counsel Co. purchased a new stake in CoreWeave during the 2nd quarter worth about $33,000. Archer Investment Corp purchased a new stake in CoreWeave during the 2nd quarter worth about $34,000. Chilton Capital Management LLC purchased a new stake in CoreWeave during the 2nd quarter worth about $39,000. Finally, SOA Wealth Advisors LLC. increased its holdings in CoreWeave by 275.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company’s stock worth $61,000 after purchasing an additional 275 shares during the period.

Analyst Upgrades and Downgrades

CRWV has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CoreWeave in a report on Wednesday, August 13th. DA Davidson reiterated an “underperform” rating and set a $36.00 price target on shares of CoreWeave in a research report on Tuesday, June 10th. Barclays lifted their price target on CoreWeave from $100.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Arete Research upgraded CoreWeave from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Finally, Citizens Jmp upgraded CoreWeave from a “market perform” rating to an “outperform” rating and set a $180.00 price target for the company in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.64.

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.