Magnetar Financial Llc Sells 369,379 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Magnetar Financial Llc sold 369,379 shares of CoreWeave (NASDAQ:CRWV) stock at an average price of $141.27, amounting to a total transaction value of $52,182,171.33, reducing their position by 53.01%.
• Following the latest trades, Magnetar still holds 327,460 shares in CoreWeave, valued at approximately $46,260,274.20.
• CoreWeave reported a 206.7% year-over-year revenue increase with Q2 earnings showing a loss of ($0.27) per share, missing the consensus estimate by ($0.07).

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 369,379 shares of CoreWeave stock in a transaction on Monday, October 13th. The shares were sold at an average price of $141.27, for a total transaction of $52,182,171.33. Following the completion of the sale, the insider owned 327,460 shares in the company, valued at approximately $46,260,274.20. This trade represents a 53.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large 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, 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 value of $3,947,790.15.
• On Tuesday, October 14th, Magnetar Financial Llc sold 17,789 shares of CoreWeave stock. The stock was sold at an average price of $137.19, for a total value of $2,440,472.91.
• 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 value of $26,808,700.80.
• On Friday, October 10th, Magnetar Financial Llc sold 414,547 shares of CoreWeave stock. The stock was sold at an average price of $148.74, for a total value of $61,659,720.78.
• On Wednesday, October 8th, Magnetar Financial Llc sold 691,243 shares of CoreWeave stock. The stock was sold at an average price of $139.46, for a total value 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 stock was 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 shares were sold at an average price of $139.27, for a total transaction of $79,448,382.01.

CoreWeave Stock Performance

Shares of CRWV stock traded up $5.18 during trading hours on Wednesday, hitting $139.24. 20,557,004 shares of the company's stock traded hands, compared to its average volume of 31,673,108. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The stock's fifty day simple moving average is $116.53 and its two-hundred day simple moving average is $106.93. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted 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 company had revenue of $1.21 million during the quarter. CoreWeave's revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Family Legacy Financial Solutions LLC lifted its stake in shares of CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock worth $27,000 after purchasing an additional 125 shares during the period. Princeton Global Asset Management LLC purchased a new stake in CoreWeave during the third quarter valued at approximately $28,000. Chelsea Counsel Co. bought a new position in CoreWeave in the second quarter worth approximately $33,000. Archer Investment Corp purchased a new position in shares of CoreWeave during the 2nd quarter worth $34,000. Finally, Chilton Capital Management LLC bought a new stake in shares of CoreWeave during the 2nd quarter valued at $39,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CRWV shares. Macquarie upped their price target on shares of CoreWeave from $115.00 to $140.00 and gave the stock a "neutral" rating in a research note on Monday, September 29th. Argus reiterated a "buy" rating and set a $200.00 price target on shares of CoreWeave in a report on Thursday, August 14th. JMP Securities raised shares of CoreWeave from a "market perform" rating to a "market outperform" rating and set a $180.00 price target for the company in a research report on Tuesday, September 16th. Melius raised CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 price objective on the stock in a research report on Tuesday, September 23rd. Finally, HSBC initiated coverage on CoreWeave in a report on Wednesday, July 16th. They issued a "reduce" rating and a $32.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average 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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