CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 570,463 Shares

Key Points

• Magnetar Financial LLC sold 570,463 shares of CoreWeave stock at an average price of $139.27, resulting in a total value of approximately $79.4 million, which represents a 62.69% decrease in their ownership.
• CoreWeave's stock traded down to $128.83, with a one-year low of $33.51 and a high of $187.00, reflecting significant price volatility.
• Recent analyst ratings for CoreWeave highlight a mixed outlook, with two Strong Buy ratings, sixteen Buy ratings, and a consensus price target of $127.64.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 570,463 shares of CoreWeave stock in a transaction on Monday, October 6th. The stock was sold at an average price of $139.27, for a total value of $79,448,382.01. Following the sale, the insider directly owned 339,469 shares of the company's stock, valued at approximately $47,277,847.63. This trade represents a 62.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% 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 Friday, October 3rd, Magnetar Financial Llc sold 1,149,406 shares of CoreWeave stock. The shares were sold at an average price of $139.37, for a total value of $160,192,714.22.
• On Tuesday, October 7th, Magnetar Financial Llc sold 63,318 shares of CoreWeave stock. The shares were sold at an average price of $137.63, for a total value 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 value 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 value of $20,664,216.80.
• On Tuesday, September 30th, Magnetar Financial Llc sold 732,944 shares of CoreWeave stock. The stock was 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 stock was 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 Wednesday, October 1st, Magnetar Financial Llc sold 286,323 shares of CoreWeave stock. The stock was sold at an average price of $137.11, for a total value of $39,257,746.53.
• 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.

CoreWeave Price Performance

NASDAQ:CRWV traded down $5.02 on Tuesday, hitting $128.83. The company's stock had a trading volume of 26,728,492 shares, compared to its average volume of 34,592,984. 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 firm has a fifty day moving average of $112.79. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its 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. CoreWeave's revenue for the quarter 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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Apexium Financial LP bought a new position in shares of CoreWeave in the 2nd quarter worth about $1,044,000. Cisco Systems Inc. purchased a new position in shares of CoreWeave in the 2nd quarter worth approximately $173,493,000. Gamco Investors INC. ET AL purchased a new position in shares of CoreWeave in the 1st quarter worth approximately $318,000. Magnus Financial Group LLC purchased a new position in shares of CoreWeave in the 2nd quarter worth approximately $903,000. Finally, Chung Wu Investment Group LLC purchased a new position in shares of CoreWeave in the 2nd quarter worth approximately $755,000.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Argus reissued a "buy" rating and set a $200.00 price target on shares of CoreWeave in a research report on Thursday, August 14th. Seaport Res Ptn raised CoreWeave to a "hold" rating in a research report on Monday, September 15th. DA Davidson reaffirmed an "underperform" rating and issued a $36.00 target price on shares of CoreWeave in a report on Tuesday, June 10th. Morgan Stanley raised their target price on CoreWeave from $58.00 to $91.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, Arete raised CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price on the stock in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $127.64.

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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