CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 1,271,277 shares of the firm's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $120.10, for a total value of $152,680,367.70. Following the completion of the sale, the insider directly owned 378,648 shares in the company, valued at approximately $45,475,624.80. This represents a 77.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% 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 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 211,835 shares of CoreWeave stock. The stock was sold at an average price of $120.09, for a total value of $25,439,265.15.
- On Tuesday, September 9th, Magnetar Financial Llc sold 573,457 shares of CoreWeave stock. The stock was sold at an average price of $103.84, for a total value of $59,547,774.88.
- On Wednesday, September 10th, Magnetar Financial Llc sold 811,800 shares of CoreWeave stock. The stock was sold at an average price of $118.42, for a total value of $96,133,356.00.
- On Thursday, September 11th, Magnetar Financial Llc sold 204,416 shares of CoreWeave stock. The stock was sold at an average price of $118.05, for a total value of $24,131,308.80.
- On Friday, August 29th, Magnetar Financial Llc sold 80,820 shares of CoreWeave stock. The stock was 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.
CoreWeave Stock Up 2.9%
NASDAQ CRWV traded up $3.47 during trading on Friday, reaching $124.86. 47,485,909 shares of the company traded hands, compared to its average volume of 28,094,886. 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 has a 50 day moving average price of $111.39. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00.
CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) 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. CoreWeave'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 Trading of CoreWeave
Several hedge funds and other institutional investors have recently modified their holdings of the company. Centaurus Financial Inc. acquired a new stake in shares of CoreWeave in the 2nd quarter valued at about $138,000. Squarepoint Ops LLC acquired a new stake in CoreWeave in the 2nd quarter valued at approximately $629,000. Munro Partners acquired a new stake in CoreWeave in the 2nd quarter valued at approximately $1,871,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $467,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $1,019,000.
Wall Street Analyst Weigh In
CRWV has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of CoreWeave from $60.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 13th. Stifel Nicolaus boosted their target price on CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. Macquarie boosted their target price on CoreWeave from $65.00 to $115.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Needham & Company LLC restated a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Finally, Northland Securities upped their price target on shares of CoreWeave from $85.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $116.12.
Read Our Latest Research Report on CRWV
About CoreWeave
(
Get Free Report)
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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