CoreWeave (NASDAQ:CRWV) Major Shareholder Sells $2,440,472.91 in Stock

Key Points

• Magnetar Financial LLC, a major shareholder of CoreWeave, sold a total of $2.44 million worth of shares on October 14th, resulting in a 5.15% decrease in their holdings.
• CoreWeave reported a quarterly revenue increase of 206.7% year-over-year, but its earnings per share missed the consensus estimate by $0.07.
• The stock has seen significant analyst activity, with updates from firms like Wells Fargo and Citigroup raising their price targets and ratings on CoreWeave, contributing to an average consensus rating of "Moderate Buy."

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 17,789 shares of the firm's stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $137.19, for a total value of $2,440,472.91. Following the transaction, the insider directly owned 327,394 shares of the company's stock, valued at approximately $44,915,182.86. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 Monday, October 13th, Magnetar Financial Llc sold 369,379 shares of CoreWeave stock. The shares were sold at an average price of $141.27, for a total value 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 value of $3,947,790.15.
• On Friday, October 10th, Magnetar Financial Llc sold 180,166 shares of CoreWeave stock. The stock was sold at an average price of $148.80, for a total value of $26,808,700.80.
• On Friday, October 10th, Magnetar Financial Llc sold 414,547 shares of CoreWeave stock. The shares were sold at an average price of $148.74, for a total value of $61,659,720.78.
• On Wednesday, October 8th, Magnetar Financial Llc sold 691,243 shares of CoreWeave stock. The shares were 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 907,277 shares of CoreWeave stock. The shares were sold at an average price of $141.16, for a total value of $128,071,221.32.
• On Thursday, October 9th, Magnetar Financial Llc sold 372,706 shares of CoreWeave stock. The shares were 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 shares were 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 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.

CoreWeave Stock Performance

Shares of CRWV stock traded up $5.18 during trading hours on Wednesday, hitting $139.24. The stock had a trading volume of 20,557,004 shares, compared to its average volume of 31,673,108. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. The stock's 50-day moving average price is $116.53 and its two-hundred day moving average price is $106.93.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (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. CoreWeave's quarterly revenue 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.

Institutional Investors Weigh In On CoreWeave

Several hedge funds have recently added to or reduced their stakes in the business. Nvidia Corp boosted its holdings in CoreWeave by 0.4% in the second quarter. Nvidia Corp now owns 24,277,573 shares of the company's stock valued at $3,958,701,000 after purchasing an additional 95,113 shares during the last quarter. Cisco Systems Inc. purchased a new stake in shares of CoreWeave during the 2nd quarter worth about $173,493,000. Voya Investment Management LLC purchased a new stake in shares of CoreWeave during the 3rd quarter worth about $110,562,000. 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. Finally, Munro Partners boosted its stake in shares of CoreWeave by 5,272.4% during the 3rd quarter. Munro Partners now owns 616,485 shares of the company's stock worth $84,366,000 after acquiring an additional 605,010 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. HSBC began coverage on CoreWeave in a research report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 target price for the company. Wells Fargo & Company upgraded CoreWeave from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $105.00 to $170.00 in a report on Tuesday, September 23rd. Morgan Stanley boosted their price target on CoreWeave from $58.00 to $91.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Moffett Nathanson boosted their price target on CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Finally, Citigroup raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price objective for the company in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $127.64.

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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