Insider Selling: CoreWeave (NASDAQ:CRWV) Major Shareholder Sells 573,457 Shares of Stock

Key Points

• Major shareholder Magnetar Financial LLC sold 573,457 shares of CoreWeave stock for approximately $59.5 million, reducing their ownership by 59.46%.
• Following the insider selling, CoreWeave's stock price fell by $4.45 to $112.69, with a twelve-month trading range from $33.51 to $187.00.
• CoreWeave recently reported a net loss of $0.27 per share for the quarter, missing estimates, despite a revenue increase of 206.7% year-over-year.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 573,457 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $103.84, for a total value of $59,547,774.88. Following the transaction, the insider directly owned 390,913 shares in the company, valued at approximately $40,592,405.92. This represents a 59.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more 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 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 value of $96,133,356.00.
• On Thursday, September 11th, Magnetar Financial Llc sold 204,416 shares of CoreWeave stock. The shares were 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 value 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 value 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 value 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 value 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 value of $55,396,951.96.

CoreWeave Price Performance

Shares of NASDAQ CRWV traded down $4.45 during mid-day trading on Thursday, hitting $112.69. The stock had a trading volume of 25,039,744 shares, compared to its average volume of 31,039,610. The stock's 50 day moving average price is $114.89. 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 twelve month low of $33.51 and a twelve month 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) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. The business'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 institutional investors and hedge funds have recently modified their holdings of the business. Gamco Investors INC. ET AL purchased a new position in shares of CoreWeave during the first quarter valued at approximately $318,000. Western Pacific Wealth Management LP acquired a new stake in CoreWeave during the 2nd quarter valued at $82,000. RFG Holdings Inc. bought a new stake in shares of CoreWeave in the 2nd quarter worth about $1,450,000. Aua Capital Management LLC bought a new stake in shares of CoreWeave in the 2nd quarter worth about $397,000. Finally, Sivia Capital Partners LLC acquired a new position in shares of CoreWeave in the 2nd quarter valued at about $39,824,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Bank of America decreased their price target 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. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Mizuho restated a "neutral" rating and issued a $150.00 price target (up previously from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. DA Davidson restated an "underperform" rating and issued a $36.00 price target on shares of CoreWeave in a research note on Tuesday, June 10th. Finally, HSBC began coverage on shares of CoreWeave in a research report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $107.45.

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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