CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 734,110 Shares

Key Points

• Magnetar Financial Llc, a major shareholder of CoreWeave, sold 734,110 shares on September 22nd for an average price of $132.42, resulting in a total transaction value of approximately $97.2 million.
• This sale decreased Magnetar's ownership in CoreWeave by 67.04%, with the company now holding 360,900 shares valued at around $47.8 million.
• In addition to the recent sale, Magnetar has been active in trading CoreWeave stock, offloading over 4 million shares within a week, totaling around $440 million in sales.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 734,110 shares of the company's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $132.42, for a total value of $97,210,846.20. Following the completion of the sale, the insider owned 360,900 shares in the company, valued at $47,790,378. This trade represents a 67.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 Thursday, September 18th, Magnetar Financial Llc sold 1,059,358 shares of CoreWeave stock. The shares were 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 shares were 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 1,451,063 shares of CoreWeave stock. The shares were sold at an average price of $125.60, for a total value of $182,253,512.80.
• On Friday, September 19th, Magnetar Financial Llc sold 1,151,054 shares of CoreWeave stock. The shares were 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 shares were sold at an average price of $125.60, for a total value of $24,785,401.60.
• On Monday, September 15th, Magnetar Financial Llc sold 535,055 shares of CoreWeave stock. The shares were 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 shares were 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 shares were 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 Price Performance

Shares of CRWV stock traded up $8.37 during trading hours on Monday, hitting $133.23. 40,215,185 shares of the company's stock were exchanged, compared to its average volume of 28,773,254. The company has a 50-day moving average price of $111.41. 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 announced 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. The business's quarterly 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

Several brokerages have recently commented on CRWV. Hsbc Global Res upgraded CoreWeave to a "moderate sell" rating in a report on Thursday, July 17th. Stifel Nicolaus increased their target price on CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. Bank of America cut their price target on CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. Barclays upped their price target on CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Finally, Argus reaffirmed a "buy" rating and set a $200.00 price target on shares of CoreWeave in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, CoreWeave has a consensus rating of "Hold" and a consensus price target of $116.12.

Hedge Funds Weigh In On CoreWeave

Hedge funds have recently added to or reduced their stakes in the stock. Costello Asset Management INC increased its holdings in shares of CoreWeave by 33.3% in the second quarter. Costello Asset Management INC now owns 400 shares of the company's stock worth $65,000 after acquiring an additional 100 shares in the last quarter. Chelsea Counsel Co. bought a new stake in shares of CoreWeave in the second quarter worth about $33,000. Archer Investment Corp bought a new stake in shares of CoreWeave in the second quarter worth about $34,000. Chilton Capital Management LLC bought a new position in shares of CoreWeave during the second quarter worth about $39,000. Finally, SOA Wealth Advisors LLC. grew its holdings in shares of CoreWeave by 275.0% during the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock worth $61,000 after buying an additional 275 shares in the last quarter.

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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