CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 208,207 Shares

Key Points

• Major shareholder Magnetar Financial LLC sold a total of 2,608,470 shares of CoreWeave stock across various transactions in early October, resulting in significant cash flow and a 17.97% decrease in their ownership.
• CoreWeave's stock price fluctuated, closing at $138.43 after a drop of $4.65 during trading on October 10th, with notable transactions involving over 44 million shares.
• CoreWeave reported a quarterly EPS of ($0.27), missing estimates but showing a revenue increase of 206.7% compared to the same quarter last year, with guidance set for upcoming quarters.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 208,207 shares of the firm's stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $148.80, for a total transaction of $30,981,201.60. Following the completion of the sale, the insider directly owned 950,211 shares of the company's stock, valued at approximately $141,391,396.80. This represents a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

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

• On Wednesday, October 8th, Magnetar Financial Llc sold 691,243 shares of CoreWeave stock. The stock was sold at an average price of $139.46, for a total transaction of $96,400,748.78.
• On Thursday, October 9th, Magnetar Financial Llc sold 907,277 shares of CoreWeave stock. The stock was sold at an average price of $141.16, for a total transaction of $128,071,221.32.
• On Thursday, October 9th, Magnetar Financial Llc sold 372,706 shares of CoreWeave stock. The stock was sold at an average price of $141.16, for a total transaction of $52,611,178.96.
• On Friday, October 3rd, Magnetar Financial Llc sold 1,149,406 shares of CoreWeave stock. The stock was sold at an average price of $139.37, for a total transaction of $160,192,714.22.
• On Monday, October 6th, Magnetar Financial Llc sold 570,463 shares of CoreWeave stock. The stock was sold at an average price of $139.27, for a total transaction of $79,448,382.01.
• On Tuesday, October 7th, Magnetar Financial Llc sold 63,318 shares of CoreWeave stock. The stock was sold at an average price of $137.63, for a total transaction of $8,714,456.34.
• On Thursday, October 2nd, Magnetar Financial Llc sold 901,524 shares of CoreWeave stock. The stock was 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 stock was 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 transaction 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 transaction of $81,146,092.20.

CoreWeave Price Performance

NASDAQ CRWV traded down $4.65 during trading hours on Friday, reaching $138.43. 44,082,118 shares of the company's stock traded hands, compared to its average volume of 32,106,068. CoreWeave Inc. has a 52-week low of $33.51 and a 52-week high of $187.00. The firm has a 50-day simple moving average of $114.79 and a 200 day simple moving average of $105.80. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79.

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

Analyst Upgrades and Downgrades

CRWV has been the subject of a number of recent research reports. Mizuho reissued a "neutral" rating and set a $150.00 price target (up from $70.00) on shares of CoreWeave in a research report on Tuesday, July 8th. Arete raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a research report on Thursday, August 21st. Weiss Ratings reissued a "sell (d)" rating on shares of CoreWeave in a research report on Saturday, September 27th. Arete Research raised shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Finally, Raymond James Financial initiated coverage on shares of CoreWeave in a report on Monday, September 15th. They issued an "outperform" rating and a $130.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.64.

Institutional Trading of CoreWeave

A number of large investors have recently made changes to their positions in the stock. Nvidia Corp grew its stake in shares of CoreWeave by 0.4% in the second quarter. Nvidia Corp now owns 24,277,573 shares of the company's stock worth $3,958,701,000 after acquiring an additional 95,113 shares during the period. Cisco Systems Inc. bought a new stake in shares of CoreWeave in the second quarter worth approximately $173,493,000. Voya Investment Management LLC bought a new stake in shares of CoreWeave in the third quarter worth approximately $110,562,000. Geode Capital Management LLC grew its stake in shares of CoreWeave by 142.6% in the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after acquiring an additional 420,915 shares during the period. Finally, Lmdagg L.L.C. bought a new stake in shares of CoreWeave in the second quarter worth approximately $48,030,000.

CoreWeave 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.

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