Insider Selling: CoreWeave (NASDAQ:CRWV) Major Shareholder Sells 1,149,406 Shares of Stock

Key Points

• Magnetar Financial LLC, a major shareholder of CoreWeave, sold 1,149,406 shares of stock at an average price of $139.37, totaling over $160 million, which marked a significant 77.09% decrease in their position.
• Following the sale, Magnetar retains ownership of 341,592 shares in CoreWeave, currently valued at approximately $47.6 million.
• CoreWeave's stock has recently traded down 3.8% to $128.83, with a trading volume of nearly 26.7 million shares, amid reports of significant insider selling.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 1,149,406 shares of the company's stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $139.37, for a total transaction of $160,192,714.22. Following the completion of the sale, the insider directly owned 341,592 shares of the company's stock, valued at $47,607,677.04. The trade was a 77.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 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 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 transaction of $79,448,382.01.
• On Tuesday, October 7th, Magnetar Financial Llc sold 63,318 shares of CoreWeave stock. The stock was sold at an average price of $137.63, for a total transaction of $8,714,456.34.
• On Thursday, October 2nd, Magnetar Financial Llc sold 901,524 shares of CoreWeave stock. The shares were sold at an average price of $138.22, for a total transaction of $124,608,647.28.
• On Thursday, October 2nd, Magnetar Financial Llc sold 149,524 shares of CoreWeave stock. The stock was sold at an average price of $138.20, for a total transaction of $20,664,216.80.
• On Tuesday, September 30th, Magnetar Financial Llc sold 732,944 shares of CoreWeave stock. The stock was sold at an average price of $139.55, for a total transaction of $102,282,335.20.
• On Tuesday, September 30th, Magnetar Financial Llc sold 581,484 shares of CoreWeave stock. The shares were sold at an average price of $139.55, for a total transaction of $81,146,092.20.
• On Tuesday, September 30th, Magnetar Financial Llc sold 99,691 shares of CoreWeave stock. The stock was sold at an average price of $139.55, for a total transaction of $13,911,879.05.
• On Wednesday, October 1st, Magnetar Financial Llc sold 286,323 shares of CoreWeave stock. The shares were sold at an average price of $137.11, for a total transaction of $39,257,746.53.
• On Thursday, September 25th, Magnetar Financial Llc sold 1,113,847 shares of CoreWeave stock. The stock was sold at an average price of $136.38, for a total transaction of $151,906,453.86.
• On Thursday, September 25th, Magnetar Financial Llc sold 185,627 shares of CoreWeave stock. The stock was sold at an average price of $136.38, for a total transaction of $25,315,810.26.

CoreWeave Trading Down 3.8%

NASDAQ CRWV traded down $5.02 during mid-day trading on Tuesday, hitting $128.83. The company's stock had a trading volume of 26,728,492 shares, compared to its average volume of 34,592,984. The company has a fifty day moving average price of $112.79. 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 announced its quarterly 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 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.

Institutional Investors Weigh In On CoreWeave

A number of hedge funds have recently made changes to their positions in the company. Cisco Systems Inc. acquired a new stake in shares of CoreWeave during the 2nd quarter valued at about $173,493,000. Geode Capital Management LLC lifted its position in CoreWeave by 142.6% in the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock valued at $116,809,000 after acquiring an additional 420,915 shares during the last quarter. Lmdagg L.L.C. acquired a new position in shares of CoreWeave during the second quarter worth about $48,030,000. Sivia Capital Partners LLC acquired a new position in CoreWeave during the second quarter worth about $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in CoreWeave in the 2nd quarter worth approximately $34,284,000.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRWV shares. Stifel Nicolaus lifted their target price on CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a research note on Wednesday, August 13th. JMP Securities raised CoreWeave from a "market perform" rating to a "market outperform" rating and set a $180.00 target price for the company in a report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Mizuho reiterated a "neutral" rating and issued a $150.00 price target (up previously from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. Finally, Arete upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus 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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