CoreWeave (NASDAQ:CRWV) Major Shareholder Sells $77,182,474.80 in Stock

Key Points

• Magnetar Financial LLC sold over $77 million in CoreWeave stock, significantly reducing their ownership by 63.23%.
• CoreWeave reported a loss of ($0.27) EPS for the last quarter, missing estimates but showing a revenue increase of 206.7% year-over-year.
• Analysts have mixed ratings for CoreWeave, with average target prices ranging from $32.00 to $140.00 and an overall rating of "Moderate Buy."

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 556,230 shares of the firm's stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $138.76, for a total transaction of $77,182,474.80. Following the completion of the transaction, the insider owned 323,465 shares in the company, valued at $44,884,003.40. The trade was a 63.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Magnetar Financial Llc also recently made the following trade(s):

• 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 1,004,073 shares of CoreWeave stock. The shares were sold at an average price of $143.51, for a total transaction of $144,094,516.23.
• 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 stock was 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 stock was 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 Stock Performance

Shares of CRWV stock traded down $4.87 during mid-day trading on Friday, reaching $136.87. 30,203,619 shares of the company were exchanged, compared to its average volume of 32,196,256. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The business's 50 day simple moving average is $117.09 and its 200 day simple moving average is $108.23.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data 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 company 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.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CRWV shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Weiss Ratings reiterated a "sell (d+)" rating on shares of CoreWeave in a research note on Tuesday. HSBC assumed coverage on CoreWeave in a research note on Wednesday, July 16th. They issued a "reduce" rating and a $32.00 target price on the stock. Barclays raised their target price 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, Moffett Nathanson raised their target price on CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, CoreWeave has an average rating of "Moderate Buy" and an average target price of $127.64.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Costello Asset Management INC grew its holdings in CoreWeave by 33.3% during 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 during the period. Family Legacy Financial Solutions LLC grew its holdings in CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock worth $27,000 after acquiring an additional 125 shares during the period. Chelsea Counsel Co. acquired a new position in CoreWeave during the second quarter worth about $33,000. Princeton Global Asset Management LLC acquired a new position in CoreWeave during the third quarter worth about $28,000. Finally, Archer Investment Corp acquired a new position in CoreWeave during the second quarter worth about $34,000.

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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