Insider Selling: CoreWeave (NASDAQ:CRWV) Major Shareholder Sells 1,059,358 Shares of Stock

Key Points

• Magnetar Financial LLC, a major shareholder of CoreWeave, sold over 1 million shares of stock on September 18th for approximately $127.78 million, decreasing their ownership stake by 73.90%.
• CoreWeave shares saw a 6.7% increase in value, trading at $133.23 amidst high trading volume, after the company reported a 206.7% increase in quarterly revenue year-over-year.
• Analysts have set a range of price targets for CoreWeave, with a majority rating the stock as a "Hold" and an average target price of $116.12.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 1,059,358 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $120.62, for a total transaction of $127,779,761.96. Following the completion of the transaction, the insider owned 374,056 shares of the company's stock, valued at $45,118,634.72. This trade represents a 73.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more 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 Thursday, September 18th, Magnetar Financial Llc sold 176,512 shares of CoreWeave stock. The stock was sold at an average price of $120.62, for a total transaction of $21,290,877.44.
• On Friday, September 19th, Magnetar Financial Llc sold 1,451,063 shares of CoreWeave stock. The stock was sold at an average price of $125.60, for a total transaction of $182,253,512.80.
• On Friday, September 19th, Magnetar Financial Llc sold 1,151,054 shares of CoreWeave stock. The stock was sold at an average price of $125.60, for a total transaction of $144,572,382.40.
• On Friday, September 19th, Magnetar Financial Llc sold 197,336 shares of CoreWeave stock. The stock was sold at an average price of $125.60, for a total transaction of $24,785,401.60.
• On Monday, September 22nd, Magnetar Financial Llc sold 734,110 shares of CoreWeave stock. The stock was sold at an average price of $132.42, for a total transaction of $97,210,846.20.
• On Monday, September 15th, Magnetar Financial Llc sold 535,055 shares of CoreWeave stock. The stock was sold at an average price of $119.93, for a total transaction of $64,169,146.15.
• On Tuesday, September 16th, Magnetar Financial Llc sold 185,713 shares of CoreWeave stock. The stock was sold at an average price of $122.39, for a total transaction of $22,729,414.07.
• On Tuesday, September 16th, Magnetar Financial Llc sold 76,388 shares of CoreWeave stock. The stock was sold at an average price of $122.42, for a total transaction of $9,351,418.96.
• On Wednesday, September 17th, Magnetar Financial Llc sold 1,271,277 shares of CoreWeave stock. The stock was sold at an average price of $120.10, for a total transaction of $152,680,367.70.
• On Wednesday, September 17th, Magnetar Financial Llc sold 211,835 shares of CoreWeave stock. The stock was sold at an average price of $120.09, for a total transaction of $25,439,265.15.

CoreWeave Trading Up 6.7%

Shares of NASDAQ CRWV traded up $8.37 during midday trading on Monday, hitting $133.23. The stock had a trading volume of 40,215,185 shares, compared to its average volume of 28,773,254. The firm's 50 day moving average is $111.41. CoreWeave Inc. has a 52 week low of $33.51 and a 52 week high of $187.00. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52.

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 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.

Institutional Investors Weigh In On CoreWeave

Several institutional investors have recently made changes to their positions in the company. Chelsea Counsel Co. purchased a new stake in CoreWeave in the 2nd quarter worth about $33,000. Archer Investment Corp purchased a new stake in CoreWeave in the 2nd quarter worth about $34,000. Chilton Capital Management LLC purchased a new stake in CoreWeave in the 2nd quarter worth about $39,000. Montag A & Associates Inc. bought a new stake in CoreWeave during the 2nd quarter valued at about $49,000. Finally, TD Waterhouse Canada Inc. bought a new stake in CoreWeave during the 2nd quarter valued at about $47,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CRWV shares. Mizuho reissued a "neutral" rating and issued a $150.00 price objective (up from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Bank of America reduced their price objective on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating for the company in a research note on Wednesday, August 13th. DA Davidson reaffirmed an "underperform" rating and set a $36.00 target price on shares of CoreWeave in a research note on Tuesday, June 10th. Finally, Citizens Jmp raised shares of CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 target price for the company in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $116.12.

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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