CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 1,202,656 Shares

Key Points

• Magnetar Financial sold 1,202,656 CoreWeave shares on May 6 at an average price of $136.73, a transaction worth about $164.4 million. The sale reduced its stake by roughly 83%, leaving it with 245,545 shares.
• CoreWeave stock fell 11.4% to $114.15 amid heavy trading volume. The company still trades well above its 50-day and 200-day averages, but it also carries a high debt load and weak current liquidity ratios.
• Despite strong revenue growth and bullish analyst coverage, CoreWeave remains unprofitable and recently missed EPS estimates. Recent headlines also point to strong AI demand and bookings, but investors are weighing that against larger losses, elevated capex, and insider selling.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 1,202,656 shares of CoreWeave stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $136.73, for a total value of $164,439,154.88. Following the completion of the sale, the insider directly owned 245,545 shares in the company, valued at approximately $33,573,367.85. The trade was a 83.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, May 6th, Magnetar Financial Llc sold 797,884 shares of CoreWeave stock. The stock was sold at an average price of $136.71, for a total value of $109,078,721.64.
• On Thursday, May 7th, Magnetar Financial Llc sold 587,010 shares of CoreWeave stock. The stock was sold at an average price of $129.91, for a total value of $76,258,469.10.
• On Thursday, May 7th, Magnetar Financial Llc sold 159,168 shares of CoreWeave stock. The stock was sold at an average price of $129.91, for a total value of $20,677,514.88.
• On Monday, May 4th, Magnetar Financial Llc sold 1,155,164 shares of CoreWeave stock. The stock was sold at an average price of $127.29, for a total value of $147,040,825.56.
• On Monday, May 4th, Magnetar Financial Llc sold 420,227 shares of CoreWeave stock. The stock was sold at an average price of $127.29, for a total value of $53,490,694.83.
• On Tuesday, May 5th, Magnetar Financial Llc sold 978,764 shares of CoreWeave stock. The stock was sold at an average price of $127.68, for a total value of $124,968,587.52.
• On Tuesday, May 5th, Magnetar Financial Llc sold 349,437 shares of CoreWeave stock. The stock was sold at an average price of $127.68, for a total value of $44,616,116.16.
• On Friday, May 1st, Magnetar Financial Llc sold 209,157 shares of CoreWeave stock. The stock was sold at an average price of $119.91, for a total value of $25,080,015.87.
• On Thursday, April 30th, Magnetar Financial Llc sold 6,564 shares of CoreWeave stock. The stock was sold at an average price of $117.84, for a total value of $773,501.76.
• On Friday, May 1st, Magnetar Financial Llc sold 1,284,876 shares of CoreWeave stock. The stock was sold at an average price of $119.91, for a total value of $154,069,481.16.

CoreWeave Trading Down 11.4%

Shares of CoreWeave stock traded down $14.69 on Friday, reaching $114.15. The company had a trading volume of 48,299,949 shares, compared to its average volume of 33,898,368. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.46 and a quick ratio of 0.46. The firm's 50-day moving average price is $94.19 and its two-hundred day moving average price is $92.34. CoreWeave Inc. has a 1 year low of $50.18 and a 1 year high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 47.88%. The business had revenue of $1.57 billion for the quarter. CoreWeave's revenue was up 110.4% on a year-over-year basis. On average, research analysts anticipate that CoreWeave Inc. will post -4.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CRWV shares. Oppenheimer boosted their price objective on CoreWeave from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. Sanford C. Bernstein upped their target price on CoreWeave from $56.00 to $67.00 and gave the stock an "underperform" rating in a report on Tuesday, April 14th. Roth Mkm reiterated a "buy" rating and issued a $150.00 target price on shares of CoreWeave in a report on Friday. Wolfe Research began coverage on CoreWeave in a report on Thursday, April 16th. They issued an "outperform" rating and a $150.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $135.00 target price on shares of CoreWeave in a report on Friday. Twenty equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.09.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave said bookings hit the strongest level in company history and backlog remains very large, reinforcing that demand for AI infrastructure is still extremely strong. CoreWeave Reports 'Strongest' Bookings
• Positive Sentiment: Analysts and commentators remain constructive on the long-term AI growth story, with some saying the pullback may create an attractive entry point despite near-term volatility. Seeking Alpha rating upgrade
• Neutral Sentiment: The company also highlighted product momentum, including expanded SUNK capabilities and SUNK Anywhere, which could support customer adoption over time. CoreWeave expands SUNK capabilities
• Neutral Sentiment: JPMorgan and Mizuho raised price targets but kept neutral ratings, suggesting Wall Street sees value but is still cautious on the stock’s near-term execution risk. Analyst target updates
• Negative Sentiment: CoreWeave reported a larger quarterly loss than expected as operating expenses climbed, fueling concerns that profitability remains distant even with rapid revenue growth. WSJ on widened Q1 loss
• Negative Sentiment: Second-quarter revenue guidance came in below consensus, and the company also lifted its capital spending outlook, creating concern about slower conversion of demand into revenue and continued heavy investment. CoreWeave forecast miss and higher capex
• Negative Sentiment: Recent insider and major shareholder selling, including sales by CEO Michael Intrator, Brian Venturo, Chen Goldberg, and Magnetar Financial, is adding short-term pressure on sentiment. CEO Form 4 filing

Institutional Investors Weigh In On CoreWeave

Several hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its position in shares of CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company's stock worth $25,000 after acquiring an additional 251 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of CoreWeave in the 3rd quarter worth $27,000. Aspect Partners LLC bought a new position in shares of CoreWeave in the 3rd quarter worth $28,000. Cullen Frost Bankers Inc. raised its position in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company's stock worth $28,000 after acquiring an additional 121 shares in the last quarter. Finally, Greenline Wealth Management LLC bought a new position in shares of CoreWeave in the 4th quarter worth $28,000.

About CoreWeave

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.

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