Magnetar Financial Llc Sells 1,155,164 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Magnetar Financial sold 1,155,164 shares of CoreWeave on May 4 at an average of $127.29 for about $147.04 million, cutting its stake by 81.73% to 258,166 shares (≈$32.86M).
• The sale is one of several large disposals in recent days — including an ARK-related selloff and CFO Brian Venturo’s 375,000‑share sale — that could create near‑term selling pressure ahead of earnings.
• Operationally CoreWeave shows strong demand (Q quarter revenue $1.57B, +110% y/y, reports of ~$15B orders and a $3.1B AI loan plus a Meta deal through 2032), but the stock is highly volatile and the company remains unprofitable with negative EPS and elevated leverage.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 1,155,164 shares of CoreWeave stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $127.29, for a total value of $147,040,825.56. Following the transaction, the insider owned 258,166 shares of the company's stock, valued at $32,861,950.14. The trade was a 81.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 Monday, May 4th, Magnetar Financial Llc sold 420,227 shares of CoreWeave stock. The shares were sold at an average price of $127.29, for a total transaction of $53,490,694.83.
• On Tuesday, May 5th, Magnetar Financial Llc sold 978,764 shares of CoreWeave stock. The shares were sold at an average price of $127.68, for a total transaction of $124,968,587.52.
• On Tuesday, May 5th, Magnetar Financial Llc sold 349,437 shares of CoreWeave stock. The shares were sold at an average price of $127.68, for a total transaction of $44,616,116.16.
• On Friday, May 1st, Magnetar Financial Llc sold 209,157 shares of CoreWeave stock. The shares were sold at an average price of $119.91, for a total transaction of $25,080,015.87.
• On Thursday, April 30th, Magnetar Financial Llc sold 6,564 shares of CoreWeave stock. The shares were sold at an average price of $117.84, for a total transaction of $773,501.76.
• On Friday, May 1st, Magnetar Financial Llc sold 1,284,876 shares of CoreWeave stock. The shares were sold at an average price of $119.91, for a total transaction of $154,069,481.16.
• On Wednesday, April 22nd, Magnetar Financial Llc sold 961,169 shares of CoreWeave stock. The shares were sold at an average price of $122.14, for a total transaction of $117,397,181.66.
• On Wednesday, April 22nd, Magnetar Financial Llc sold 857,367 shares of CoreWeave stock. The shares were sold at an average price of $122.14, for a total transaction of $104,718,805.38.
• On Wednesday, April 22nd, Magnetar Financial Llc sold 620,672 shares of CoreWeave stock. The shares were sold at an average price of $122.14, for a total transaction of $75,808,878.08.
• On Thursday, April 23rd, Magnetar Financial Llc sold 296,160 shares of CoreWeave stock. The shares were sold at an average price of $122.21, for a total transaction of $36,193,713.60.

CoreWeave Stock Performance

Shares of NASDAQ:CRWV traded up $10.09 on Wednesday, reaching $137.98. 31,531,115 shares of the company's stock were exchanged, compared to its average volume of 34,499,800. The company has a fifty day moving average of $93.59 and a 200-day moving average of $92.40. CoreWeave Inc. has a twelve month low of $50.18 and a twelve month high of $187.00. The company has a market capitalization of $61.12 billion, a price-to-earnings ratio of -43.12 and a beta of 7.84. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 4.46.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The business had revenue of $1.57 billion for the quarter. The company's revenue for the quarter was up 110.4% on a year-over-year basis. On average, research analysts predict that CoreWeave Inc. will post -4.15 EPS for the current fiscal year.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Massive order/backlog signal — reports say CoreWeave drew about $15 billion in orders tied to a $3.1 billion AI loan, highlighting very strong demand and a beefy revenue backlog that supports upside expectations. CoreWeave Draws $15 Billion In Orders For $3.1 Billion AI Loan
• Positive Sentiment: Deepening hyperscaler tie — CoreWeave expanded a long‑term agreement with Meta through 2032, increasing contracted visibility and capacity commitments that bolster the company’s backlog and revenue predictability. CoreWeave Meta Deal Deepens AI Hyperscaler Ties And Capacity Commitments
• Positive Sentiment: Product capability expansion — CoreWeave expanded its SUNK self‑service to streamline large AI training workloads across multi‑cloud and on‑prem, improving TAM capture ability for research and platform teams. CoreWeave (CRWV) Expands SUNK Capabilities to Streamline AI Training Workloads
• Positive Sentiment: Analyst/coverage momentum — multiple bullish previews, price‑target raises and a high‑profile mention from Jim Cramer have increased retail and analyst attention ahead of earnings, supporting positive positioning. Jim Cramer Expects a Big Surprise for CoreWeave
• Neutral Sentiment: Earnings catalyst imminent — numerous previews and screens are flagging the May 7 Q1 report as the near‑term catalyst; outcomes on revenue, margins and guidance will likely drive the next leg of movement. CoreWeave Q1 Earnings Preview: Punished Or Praised? (Rating Downgrade)
• Neutral Sentiment: Market risk appetite supportive — softer VIX and rotation into tech names is lifting high‑beta AI stocks like CoreWeave; this market backdrop can amplify moves but isn’t company‑specific. CBOE VIX Slides Toward 17 as Oil Retreat and Tech Stock Surge Restore Risk Appetite
• Negative Sentiment: Insider selling — CFO Brian Venturo sold 375,000 shares on May 4 under a pre‑arranged Rule 10b5‑1 plan (reduces but doesn’t eliminate concern about selling pressure). Brian M. Venturo Insider Sale
• Negative Sentiment: Major shareholder liquidation — Magnetar and ARK vehicles have sold sizeable blocks in recent days (Magnetar’s filings show multi‑hundred‑thousand share sales), a supply hit that can pressure sentiment if earnings disappoint. SEC Filing — Magnetar sale Cathie Wood Sells CoreWeave

Wall Street Analysts Forecast Growth

CRWV has been the topic of a number of analyst reports. Wolfe Research started coverage on shares of CoreWeave in a research report on Thursday, April 16th. They set an "outperform" rating and a $150.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised shares of CoreWeave from a "hold" rating to a "buy" rating and increased their price objective for the company from $100.00 to $140.00 in a research note on Tuesday, January 27th. Truist Financial increased their price objective on shares of CoreWeave from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Friday, February 27th. HC Wainwright restated a "buy" rating and issued a $180.00 price target on shares of CoreWeave in a research report on Monday, March 2nd. Finally, Bank of America upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research report on Tuesday, March 24th. Twenty research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $127.94.

Institutional Investors Weigh In On CoreWeave

Hedge funds have recently added to or reduced their stakes in the business. Sivia Capital Partners LLC acquired a new stake in CoreWeave in the second quarter worth $39,824,000. Quantbot Technologies LP acquired a new stake in CoreWeave in the second quarter worth $311,000. Invesco Ltd. acquired a new stake in CoreWeave in the second quarter worth $882,000. First Trust Advisors LP acquired a new stake in CoreWeave in the second quarter worth $20,260,000. Finally, Baird Financial Group Inc. acquired a new stake in CoreWeave in the second quarter worth $455,000.

About CoreWeave

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.