Insider Selling: CoreWeave (NASDAQ:CRWV) Major Shareholder Sells 414,547 Shares of Stock

Key Points

• Major shareholder Magnetar Financial LLC sold 414,547 shares of CoreWeave (NASDAQ:CRWV) at an average price of $148.74, totaling approximately $61.66 million, leading to an 18.34% decrease in their ownership stake.
• CoreWeave's stock price opened at $141.62 and saw a recent increase of 2.3%, with a debt-to-equity ratio of 2.79.
• Despite a quarterly earnings miss, CoreWeave experienced a 206.7% increase in revenue year-over-year, highlighting significant growth potential.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 414,547 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $148.74, for a total transaction of $61,659,720.78. Following the transaction, the insider directly owned 1,845,583 shares in the company, valued at approximately $274,512,015.42. This represents a 18.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 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 Friday, October 10th, Magnetar Financial Llc sold 180,166 shares of CoreWeave stock. The shares were sold at an average price of $148.80, for a total transaction of $26,808,700.80.
• On Wednesday, October 8th, Magnetar Financial Llc sold 691,243 shares of CoreWeave stock. The shares were sold at an average price of $139.46, for a total transaction of $96,400,748.78.
• On Thursday, October 9th, Magnetar Financial Llc sold 907,277 shares of CoreWeave stock. The shares were sold at an average price of $141.16, for a total transaction of $128,071,221.32.
• On Thursday, October 9th, Magnetar Financial Llc sold 372,706 shares of CoreWeave stock. The shares were sold at an average price of $141.16, for a total transaction of $52,611,178.96.
• On Friday, October 10th, Magnetar Financial Llc sold 208,207 shares of CoreWeave stock. The stock was sold at an average price of $148.80, for a total transaction of $30,981,201.60.
• On Friday, October 3rd, Magnetar Financial Llc sold 1,149,406 shares of CoreWeave stock. The stock was sold at an average price of $139.37, for a total transaction of $160,192,714.22.
• On Monday, October 6th, Magnetar Financial Llc sold 570,463 shares of CoreWeave stock. The stock was 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 stock was 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.

CoreWeave Stock Up 2.3%

Shares of CRWV stock opened at $141.62 on Tuesday. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00. The firm has a fifty day moving average of $115.50 and a two-hundred day moving average of $106.51.

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 firm had revenue of $1.21 million for 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

Institutional investors have recently made changes to their positions in the stock. Apexium Financial LP acquired a new stake in shares of CoreWeave in the 2nd quarter worth approximately $1,044,000. Chung Wu Investment Group LLC bought a new stake in shares of CoreWeave in the 2nd quarter worth approximately $755,000. Cisco Systems Inc. bought a new stake in shares of CoreWeave in the 2nd quarter worth approximately $173,493,000. Gamco Investors INC. ET AL bought a new stake in shares of CoreWeave in the 1st quarter worth approximately $318,000. Finally, Magnus Financial Group LLC bought a new stake in shares of CoreWeave in the 2nd quarter worth approximately $903,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CRWV shares. Northland Securities lifted their price target on shares of CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Barclays boosted their target price on shares of CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Mizuho reissued a "neutral" rating and set a $150.00 target price (up from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Seaport Res Ptn raised shares of CoreWeave to a "hold" rating in a research note on Monday, September 15th. Finally, Melius raised shares of CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 target price for the company in a research note on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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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