Insider Selling: CoreWeave (NASDAQ:CRWV) Major Shareholder Sells 204,416 Shares of Stock

Key Points

• Magnetar Financial LLC, a major shareholder of CoreWeave, sold 204,416 shares at an average price of $118.05, totaling over $24 million, which reduced their ownership by 34.56%.
• CoreWeave's stock price experienced a decline, trading down $4.45 to $112.69, amidst high trading volume of over 25 million shares.
• Brokerage firms have mixed ratings for CoreWeave, with two analysts giving a Strong Buy rating, while the company has a consensus rating of "Hold" and an average target price of $107.45.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 204,416 shares of CoreWeave stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $118.05, for a total transaction of $24,131,308.80. Following the transaction, the insider directly owned 387,133 shares of the company's stock, valued at approximately $45,701,050.65. This trade represents a 34.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major 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 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 transaction of $59,547,774.88.
• On Wednesday, September 10th, Magnetar Financial Llc sold 811,800 shares of CoreWeave stock. The shares were sold at an average price of $118.42, for a total transaction of $96,133,356.00.
• 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 shares were 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 shares were sold at an average price of $100.78, for a total transaction of $55,396,951.96.

CoreWeave Price Performance

NASDAQ CRWV traded down $4.45 on Thursday, hitting $112.69. The company had a trading volume of 25,039,744 shares, compared to its average volume of 31,039,610. The company's fifty day moving average price is $114.89. 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 Inc. has a 12-month low of $33.51 and a 12-month high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued 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 for the quarter. The firm's 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

Institutional investors and hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL acquired a new position in shares of CoreWeave during the 1st quarter valued at about $318,000. Western Pacific Wealth Management LP acquired a new position in shares of CoreWeave during the 2nd quarter valued at about $82,000. RFG Holdings Inc. acquired a new position in CoreWeave in the second quarter valued at about $1,450,000. Aua Capital Management LLC acquired a new position in CoreWeave in the second quarter valued at about $397,000. Finally, Sivia Capital Partners LLC acquired a new position in CoreWeave in the second quarter valued at about $39,824,000.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRWV. HSBC began coverage on shares of CoreWeave in a report on Wednesday, July 16th. They issued a "reduce" rating and a $32.00 price target for the company. Arete raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a report on Thursday, August 21st. The Goldman Sachs Group upped their target price on shares of CoreWeave from $54.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Macquarie upped their target price on shares of CoreWeave from $65.00 to $115.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Finally, HC Wainwright raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a report on Thursday, August 21st. Two investment 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 issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average 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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