CoreWeave (NASDAQ:CRWV) Major Shareholder Sells $96,133,356.00 in Stock

Key Points

• Major shareholder Magnetar Financial LLC sold 811,800 shares of CoreWeave for a total of $96.13 million, reducing its position by 67.67%.
• Following the sale, Magnetar owns approximately 387,894 shares valued at around $45.93 million.
• CoreWeave's stock has seen recent volatility, with a current trading price of $112.69, down 3.8% during the trading session.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 811,800 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $118.42, for a total transaction of $96,133,356.00. Following the completion of the sale, the insider owned 387,894 shares in the company, valued at approximately $45,934,407.48. This trade represents a 67.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major 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 Tuesday, September 9th, Magnetar Financial Llc sold 573,457 shares of CoreWeave stock. The shares were sold at an average price of $103.84, for a total value of $59,547,774.88.
• On Thursday, September 11th, Magnetar Financial Llc sold 204,416 shares of CoreWeave stock. The shares were sold at an average price of $118.05, for a total transaction of $24,131,308.80.
• On Friday, August 29th, Magnetar Financial Llc sold 80,820 shares of CoreWeave stock. The shares were sold at an average price of $102.38, for a total transaction of $8,274,351.60.
• On Thursday, August 28th, Magnetar Financial Llc sold 915,339 shares of CoreWeave stock. The stock was sold at an average price of $103.17, for a total transaction of $94,435,524.63.
• On Friday, August 22nd, Magnetar Financial Llc sold 20,733 shares of CoreWeave stock. The shares were sold at an average price of $98.19, for a total transaction of $2,035,773.27.
• 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 stock was sold at an average price of $100.78, for a total transaction of $55,396,951.96.

CoreWeave Trading Down 3.8%

NASDAQ CRWV traded down $4.45 during trading hours on Thursday, hitting $112.69. The company's stock had a trading volume of 25,039,744 shares, compared to its average volume of 31,039,610. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a fifty day moving average of $114.89.

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 company had revenue of $1.21 million for 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 Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL purchased a new stake in CoreWeave during the 1st quarter valued at $318,000. Western Pacific Wealth Management LP bought a new position in shares of CoreWeave during the 2nd quarter worth $82,000. RFG Holdings Inc. bought a new position in shares of CoreWeave during the 2nd quarter worth $1,450,000. Aua Capital Management LLC purchased a new stake in shares of CoreWeave during the 2nd quarter worth $397,000. Finally, Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave during the 2nd quarter worth $39,824,000.

Analyst Ratings Changes

Several research firms have commented on CRWV. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Argus restated a "buy" rating and issued a $200.00 price objective on shares of CoreWeave in a research report on Thursday, August 14th. JPMorgan Chase & Co. increased their price target on shares of CoreWeave from $43.00 to $66.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Bank of America cut their target price on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a report on Wednesday, August 13th. Finally, Moffett Nathanson raised their target price on shares of CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, CoreWeave presently has a consensus rating of "Hold" and a consensus target price of $107.45.

CoreWeave Company Profile

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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