CoreWeave (NASDAQ:CRWV) Major Shareholder Sells 20,733 Shares

Key Points

• Major shareholder Magnetar Financial LLC sold 20,733 shares of CoreWeave stock for approximately $2.04 million, resulting in a 4.98% decrease in their holdings.
• CoreWeave's stock price has fallen by 1.7%, closing at $92.38, with a significant volume of shares exchanged.
• The company reported a loss of ($0.27) earnings per share for the last quarter, missing analysts' estimates, but its revenue increased by 206.7% year-over-year.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 20,733 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $98.19, for a total value of $2,035,773.27. Following the completion of the transaction, the insider owned 395,704 shares in the company, valued at $38,854,175.76. This represents a 4.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% 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 Friday, August 15th, Magnetar Financial Llc sold 915,382 shares of CoreWeave stock. The shares were sold at an average price of $100.15, for a total transaction of $91,675,507.30.
• On Monday, August 18th, Magnetar Financial Llc sold 549,682 shares of CoreWeave stock. The shares were sold at an average price of $100.78, for a total transaction of $55,396,951.96.

CoreWeave Stock Down 1.7%

CoreWeave stock traded down $1.61 on Monday, reaching $92.38. 14,739,512 shares of the stock were exchanged, compared to its average volume of 24,115,982. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00. The company's fifty day moving average is $132.39.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released 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 for the quarter. The company'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.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Northland Securities upped their target price on shares of CoreWeave from $85.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. JPMorgan Chase & Co. upped their price objective on shares of CoreWeave from $43.00 to $66.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. HSBC started coverage on shares of CoreWeave in a research note on Wednesday, July 16th. They set a "reduce" rating and a $32.00 price objective on the stock. DA Davidson reaffirmed an "underperform" rating and set a $36.00 price objective on shares of CoreWeave in a research note on Tuesday, June 10th. Finally, Northland Capmk raised shares of CoreWeave to a "strong-buy" rating in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $107.05.

Institutional Trading of CoreWeave

Several hedge funds have recently modified their holdings of the stock. Chelsea Counsel Co. acquired a new position in CoreWeave in the second quarter valued at approximately $33,000. Archer Investment Corp acquired a new position in CoreWeave in the second quarter valued at approximately $34,000. Chilton Capital Management LLC acquired a new stake in CoreWeave in the second quarter worth $39,000. TD Waterhouse Canada Inc. acquired a new stake in CoreWeave in the second quarter worth $47,000. Finally, Montag A & Associates Inc. acquired a new stake in CoreWeave in the second quarter worth $49,000.

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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