CoreWeave (NASDAQ:CRWV) Major Shareholder Sells $144,094,516.23 in Stock

Key Points

• Major shareholder Magnetar Financial LLC sold a total of approximately $144 million in CoreWeave stock, resulting in a 30.89% decrease in their ownership.
• CoreWeave's stock price fell 3.4% during midday trading on Friday, indicating a decline amidst significant trading activity.
• The company reported a net loss of $0.27 EPS for the last quarter, missing analysts' estimates, despite a year-over-year revenue increase of 206.7%.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 1,004,073 shares of the firm's stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $143.51, for a total value of $144,094,516.23. Following the completion of the sale, the insider directly owned 2,246,787 shares in the company, valued at approximately $322,436,402.37. This represents a 30.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 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 Wednesday, October 15th, Magnetar Financial Llc sold 556,230 shares of CoreWeave stock. The shares were sold at an average price of $138.76, for a total transaction of $77,182,474.80.
• On Wednesday, October 15th, Magnetar Financial Llc sold 495,122 shares of CoreWeave stock. The shares were sold at an average price of $138.75, for a total transaction of $68,698,177.50.
• On Wednesday, October 15th, Magnetar Financial Llc sold 12,876 shares of CoreWeave stock. The shares were sold at an average price of $138.75, for a total transaction of $1,786,545.00.
• On Thursday, October 16th, Magnetar Financial Llc sold 254,525 shares of CoreWeave stock. The shares were sold at an average price of $143.51, for a total transaction of $36,526,882.75.
• On Thursday, October 16th, Magnetar Financial Llc sold 549,087 shares of CoreWeave stock. The shares were sold at an average price of $143.51, for a total transaction of $78,799,475.37.
• On Thursday, October 16th, Magnetar Financial Llc sold 303,206 shares of CoreWeave stock. The shares were sold at an average price of $143.51, for a total transaction of $43,513,093.06.
• On Friday, October 17th, Magnetar Financial Llc sold 244,203 shares of CoreWeave stock. The shares were sold at an average price of $136.62, for a total transaction of $33,363,013.86.
• On Friday, October 17th, Magnetar Financial Llc sold 18,371 shares of CoreWeave stock. The stock was sold at an average price of $136.62, for a total transaction of $2,509,846.02.
• On Monday, October 13th, Magnetar Financial Llc sold 369,379 shares of CoreWeave stock. The stock was sold at an average price of $141.27, for a total transaction of $52,182,171.33.
• On Monday, October 13th, Magnetar Financial Llc sold 27,945 shares of CoreWeave stock. The stock was sold at an average price of $141.27, for a total transaction of $3,947,790.15.

CoreWeave Trading Down 3.4%

CRWV traded down $4.87 during midday trading on Friday, reaching $136.87. 30,203,619 shares of the company's stock were exchanged, compared to its average volume of 32,196,256. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. The business has a 50-day simple moving average of $117.09 and a two-hundred day simple moving average of $108.23.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its 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 firm had revenue of $1.21 million for the quarter. The firm'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

A number of research firms have commented on CRWV. HC Wainwright raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a report on Thursday, August 21st. Weiss Ratings reissued a "sell (d+)" rating on shares of CoreWeave in a research report on Tuesday. Raymond James Financial began coverage on shares of CoreWeave in a research report on Monday, September 15th. They set an "outperform" rating and a $130.00 price target on the stock. Moffett Nathanson lifted their price target on shares of CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Finally, Hsbc Global Res raised shares of CoreWeave to a "moderate sell" rating in a research report on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $127.64.

Institutional Investors Weigh In On CoreWeave

A number of institutional investors and hedge funds have recently modified their holdings of CRWV. Chelsea Counsel Co. bought a new position in CoreWeave in the 2nd quarter valued at about $33,000. Family Legacy Financial Solutions LLC raised its holdings in CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock valued at $27,000 after acquiring an additional 125 shares during the period. Princeton Global Asset Management LLC bought a new position in CoreWeave in the 3rd quarter valued at about $28,000. Archer Investment Corp bought a new position in CoreWeave in the 2nd quarter valued at about $34,000. Finally, Chilton Capital Management LLC bought a new position in CoreWeave in the 2nd quarter valued at 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.