CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 907,277 Shares

Key Points

• Magnetar Financial LLC sold a total of 907,277 shares of CoreWeave stock at an average price of $141.16, resulting in a significant 73.22% decrease in their position.
• Following the sale, Magnetar retained 331,908 shares of CoreWeave, valued at approximately $46.85 million.
• CoreWeave's stock is currently trading down 3.2%, sitting at $138.43 with a significantly high trading volume of 44 million shares on Friday.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 907,277 shares of the company's stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $141.16, for a total value of $128,071,221.32. Following the completion of the sale, the insider directly owned 331,908 shares in the company, valued at $46,852,133.28. This trade represents a 73.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 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 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 value of $96,400,748.78.
• 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 value of $52,611,178.96.
• On Friday, October 10th, Magnetar Financial Llc sold 208,207 shares of CoreWeave stock. The stock was sold at an average price of $148.80, for a total value of $30,981,201.60.
• 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 value 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 value 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 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.

CoreWeave Trading Down 3.2%

Shares of CoreWeave stock traded down $4.65 during trading hours on Friday, reaching $138.43. The stock had a trading volume of 44,082,118 shares, compared to its average volume of 32,106,068. 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 1 year low of $33.51 and a 1 year high of $187.00. The firm has a 50 day simple moving average of $114.79 and a two-hundred day simple moving average of $105.80.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings data 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 for the quarter 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

Several brokerages have recently issued reports on CRWV. HSBC began 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. Citizens Jmp upgraded CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 target price on the stock in a report on Tuesday, September 16th. Bank of America decreased their target price on CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a report on Wednesday, August 13th. JMP Securities upgraded CoreWeave from a "market perform" rating to a "market outperform" rating and set a $180.00 target price on the stock in a report on Tuesday, September 16th. Finally, Evercore ISI started coverage on CoreWeave in a report on Tuesday, September 30th. They issued an "outperform" rating and a $175.00 target price on the stock. Two equities research 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 given a Sell rating to the stock. According to MarketBeat.com, CoreWeave currently has an average rating of "Moderate Buy" and a consensus target price of $127.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Family Legacy Financial Solutions LLC lifted its position in shares of CoreWeave by 166.7% in the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock worth $27,000 after buying an additional 125 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of CoreWeave in the third quarter worth about $28,000. Chelsea Counsel Co. acquired a new stake in shares of CoreWeave in the second quarter worth about $33,000. Archer Investment Corp acquired a new position in shares of CoreWeave during the 2nd quarter worth about $34,000. Finally, Chilton Capital Management LLC acquired a new position in shares of CoreWeave during the 2nd quarter worth about $39,000.

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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