CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 63,318 Shares of Stock

Key Points

• Magnetar Financial, a major shareholder of CoreWeave, sold 63,318 shares of the company's stock for a total of $8.7 million, resulting in a 15.73% decrease in their holdings.
• CoreWeave's stock price dropped 3.8% to $128.83, with a recent trading volume significantly lower than its average.
• CoreWeave reported a loss of $0.27 per share for the last quarter, missing analyst estimates, although revenue increased by 206.7% year-over-year.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 63,318 shares of the company's stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $137.63, for a total value of $8,714,456.34. Following the transaction, the insider directly owned 339,232 shares in the company, valued at approximately $46,688,500.16. This represents a 15.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major 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 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 Monday, October 6th, Magnetar Financial Llc sold 570,463 shares of CoreWeave stock. The shares were sold at an average price of $139.27, for a total value of $79,448,382.01.
• 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 value 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 value 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 shares were 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 shares were 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 shares were 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 Stock Down 3.8%

Shares of NASDAQ CRWV traded down $5.02 during trading hours on Tuesday, reaching $128.83. The stock had a trading volume of 26,728,492 shares, compared to its average volume of 34,592,984. The company has a fifty day moving average price of $112.79. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. CoreWeave Inc. has a 52-week low of $33.51 and a 52-week high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. The company'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.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRWV. Mizuho reaffirmed 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. Argus reaffirmed a "buy" rating and set a $200.00 price target on shares of CoreWeave in a research report on Thursday, August 14th. HSBC initiated coverage on CoreWeave in a research report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 price target on the stock. Northland Securities upped 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, Melius Research set a $165.00 target price on CoreWeave and gave the company a "buy" rating in a research report on Tuesday, September 23rd. Two investment 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $127.64.

Institutional Investors Weigh In On CoreWeave

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cisco Systems Inc. purchased a new stake in shares of CoreWeave during the 2nd quarter worth about $173,493,000. Geode Capital Management LLC boosted its stake in shares of CoreWeave by 142.6% during the 2nd 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 in the last quarter. Lmdagg L.L.C. purchased a new position in CoreWeave in the 2nd quarter valued at about $48,030,000. Sivia Capital Partners LLC purchased a new position in CoreWeave in the 2nd quarter valued at about $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in CoreWeave in the 2nd quarter valued at about $34,284,000.

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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