Insider Selling: CoreWeave (NASDAQ:CRWV) Major Shareholder Sells 244,203 Shares of Stock

Key Points

• Major shareholder Magnetar Financial LLC sold a total of 1,744,000 shares of CoreWeave Inc. over multiple transactions, significantly reducing their ownership stake by 43.7%.
• The recent sales occurred at varying average prices, with the latest sale on October 17th at $136.62, totaling almost $33.4 million.
• CoreWeave's stock has shown significant volatility, trading down $4.87 to $136.87, with a 1-year high of $187.00 and a low of $33.51.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 244,203 shares of CoreWeave stock in a transaction on Friday, October 17th. The stock was sold at an average price of $136.62, for a total transaction of $33,363,013.86. Following the completion of the transaction, the insider directly owned 314,572 shares in the company, valued at $42,976,826.64. This represents a 43.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Magnetar Financial Llc also recently made the following trade(s):

• On Wednesday, October 15th, Magnetar Financial Llc sold 556,230 shares of CoreWeave stock. The stock was sold at an average price of $138.76, for a total transaction of $77,182,474.80.
• On Wednesday, October 15th, Magnetar Financial Llc sold 495,122 shares of CoreWeave stock. The stock was sold at an average price of $138.75, for a total transaction of $68,698,177.50.
• On Wednesday, October 15th, Magnetar Financial Llc sold 12,876 shares of CoreWeave stock. The stock was sold at an average price of $138.75, for a total transaction of $1,786,545.00.
• On Thursday, October 16th, Magnetar Financial Llc sold 1,004,073 shares of CoreWeave stock. The stock was sold at an average price of $143.51, for a total transaction of $144,094,516.23.
• On Thursday, October 16th, Magnetar Financial Llc sold 254,525 shares of CoreWeave stock. The stock was sold at an average price of $143.51, for a total transaction of $36,526,882.75.
• On Thursday, October 16th, Magnetar Financial Llc sold 549,087 shares of CoreWeave stock. The stock was sold at an average price of $143.51, for a total transaction of $78,799,475.37.
• On Thursday, October 16th, Magnetar Financial Llc sold 303,206 shares of CoreWeave stock. The stock was sold at an average price of $143.51, for a total transaction of $43,513,093.06.
• On Friday, October 17th, Magnetar Financial Llc sold 18,371 shares of CoreWeave stock. The stock was sold at an average price of $136.62, for a total transaction of $2,509,846.02.
• On Monday, October 13th, Magnetar Financial Llc sold 369,379 shares of CoreWeave stock. The stock was sold at an average price of $141.27, for a total transaction of $52,182,171.33.
• On Monday, October 13th, Magnetar Financial Llc sold 27,945 shares of CoreWeave stock. The stock was sold at an average price of $141.27, for a total transaction of $3,947,790.15.

CoreWeave Stock Performance

Shares of NASDAQ:CRWV traded down $4.87 on Friday, hitting $136.87. 30,203,619 shares of the company were exchanged, compared to its average volume of 32,196,256. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00. The stock's 50 day moving average price is $117.09 and its 200 day moving average price is $108.23. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted 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 business had revenue of $1.21 million for the quarter. CoreWeave'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

Several hedge funds have recently modified their holdings of the stock. Costello Asset Management INC raised its position in shares of CoreWeave by 33.3% during the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company's stock worth $65,000 after purchasing an additional 100 shares during the last quarter. Family Legacy Financial Solutions LLC grew its stake in CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock valued at $27,000 after acquiring an additional 125 shares in the last quarter. Chelsea Counsel Co. purchased a new stake in CoreWeave during the 2nd quarter valued at about $33,000. Princeton Global Asset Management LLC purchased a new stake in CoreWeave during the 3rd quarter valued at about $28,000. Finally, Archer Investment Corp purchased a new stake in CoreWeave during the 2nd quarter valued at about $34,000.

Analyst Upgrades and Downgrades

CRWV has been the topic of several recent research reports. Melius raised shares of CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 price target on the stock in a report on Tuesday, September 23rd. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of CoreWeave in a research note on Tuesday. Bank of America dropped their price objective on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. Stifel Nicolaus upped their price objective on shares of CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Finally, Macquarie upped their price objective on shares of CoreWeave from $115.00 to $140.00 and gave the stock a "neutral" rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, CoreWeave presently has an average rating of "Moderate Buy" and a consensus price target of $127.64.

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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