CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 1,451,063 Shares

Key Points

• Major shareholder Magnetar Financial LLC sold 1,451,063 shares of CoreWeave at an average price of $125.60, resulting in a total transaction value of $182.25 million, representing a 79.96% decrease in their holdings.
• CoreWeave's stock performance shows significant trading activity, with 40,215,185 shares traded on Monday, and the stock hitting $133.23, up from a 12-month low of $33.51.
• The company's latest earnings report indicated a loss of ($0.27) per share, missing estimates, but showed a significant year-over-year revenue increase of 206.7% to $1.21 million.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 1,451,063 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $125.60, for a total value of $182,253,512.80. Following the sale, the insider owned 363,631 shares of the company's stock, valued at $45,672,053.60. This represents a 79.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Thursday, September 18th, Magnetar Financial Llc sold 1,059,358 shares of CoreWeave stock. The stock was 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 stock was 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 1,151,054 shares of CoreWeave stock. The stock was sold at an average price of $125.60, for a total value of $144,572,382.40.
• On Friday, September 19th, Magnetar Financial Llc sold 197,336 shares of CoreWeave stock. The stock was sold at an average price of $125.60, for a total value of $24,785,401.60.
• On Monday, September 22nd, Magnetar Financial Llc sold 734,110 shares of CoreWeave stock. The stock was sold at an average price of $132.42, for a total value of $97,210,846.20.
• On Monday, September 15th, Magnetar Financial Llc sold 535,055 shares of CoreWeave stock. The stock was sold at an average price of $119.93, for a total value of $64,169,146.15.
• On Tuesday, September 16th, Magnetar Financial Llc sold 185,713 shares of CoreWeave stock. The stock was sold at an average price of $122.39, for a total value of $22,729,414.07.
• On Tuesday, September 16th, Magnetar Financial Llc sold 76,388 shares of CoreWeave stock. The stock was sold at an average price of $122.42, for a total value of $9,351,418.96.
• On Wednesday, September 17th, Magnetar Financial Llc sold 1,271,277 shares of CoreWeave stock. The shares were sold at an average price of $120.10, for a total value of $152,680,367.70.
• On Wednesday, September 17th, Magnetar Financial Llc sold 211,835 shares of CoreWeave stock. The shares were sold at an average price of $120.09, for a total value of $25,439,265.15.

CoreWeave Stock Performance

NASDAQ CRWV traded up $8.37 during trading on Monday, hitting $133.23. 40,215,185 shares of the stock traded hands, compared to its average volume of 28,773,254. The company has a 50-day moving average of $111.41. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business 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.

Analyst Ratings Changes

CRWV has been the subject of a number of research analyst reports. Arete raised CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a research note on Thursday, August 21st. Barclays lifted their target price on CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Moffett Nathanson lifted their target price on CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, August 19th. Northland Securities lifted their target price on CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, HC Wainwright raised CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $116.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Chelsea Counsel Co. purchased a new position in CoreWeave during the 2nd quarter worth $33,000. Archer Investment Corp purchased a new position in CoreWeave during the 2nd quarter worth $34,000. Chilton Capital Management LLC purchased a new position in CoreWeave during the 2nd quarter worth $39,000. TD Waterhouse Canada Inc. purchased a new position in CoreWeave during the 2nd quarter worth $47,000. Finally, Montag A & Associates Inc. purchased a new position in CoreWeave during the 2nd quarter worth $49,000.

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.

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