CoreWeave (NASDAQ:CRWV) Major Shareholder Sells $8,274,351.60 in Stock

Key Points

• Magnetar Financial LLC, a major shareholder of CoreWeave (NASDAQ:CRWV), sold 80,820 shares for approximately $8.27 million, resulting in a 17.06% decrease in their holdings.
• CoreWeave shares saw a 9.4% drop in value, with the stock trading at $93.34, down from a 52-week high of $187.00.
• CoreWeave reported a missed earnings estimate for Q2, with EPS of ($0.27) compared to the consensus estimate of ($0.20), despite a revenue growth of 206.7% year-over-year.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 80,820 shares of CoreWeave stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $102.38, for a total transaction of $8,274,351.60. Following the completion of the sale, the insider owned 393,046 shares of the company's stock, valued at $40,240,049.48. This trade represents a 17.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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 stock was 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 Stock Performance

NASDAQ CRWV traded down $2.40 on Thursday, hitting $87.48. 17,737,545 shares of the company's stock traded hands, compared to its average volume of 28,490,650. 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 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 $120.56.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data 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. The business's revenue for the quarter was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Analysts Set New Price Targets

Several analysts have commented on the stock. Hsbc Global Res upgraded shares of CoreWeave to a "moderate sell" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. lifted their price objective on shares of CoreWeave from $43.00 to $66.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Arete Research upgraded shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Wells Fargo & Company boosted their target price on shares of CoreWeave from $60.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 13th. Finally, Citizens Jmp upgraded shares of CoreWeave to a "hold" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $107.45.

Hedge Funds Weigh In On CoreWeave

Several large investors have recently made changes to their positions in CRWV. Chelsea Counsel Co. purchased a new stake in CoreWeave in the 2nd quarter worth $33,000. Archer Investment Corp purchased a new stake in CoreWeave in the 2nd quarter worth $34,000. Chilton Capital Management LLC purchased a new stake in CoreWeave in the 2nd quarter worth $39,000. TD Waterhouse Canada Inc. purchased a new stake in CoreWeave in the 2nd quarter worth $47,000. Finally, Montag A & Associates Inc. purchased a new stake in CoreWeave in the 2nd quarter worth $49,000.

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.