Magnetar Financial Llc Sells 549,682 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Magnetar Financial LLC sold 549,682 shares of CoreWeave stock at an average price of $100.78, resulting in a total value of approximately $55.4 million, and decreased their ownership position by 58.14%.
• CoreWeave recently reported earnings of ($0.27) per share, missing expectations, but showed a significant 206.7% revenue increase compared to the same quarter last year.
• Investment firms have set varied price targets for CoreWeave, with Wells Fargo raising its target to $105.00, while the average consensus target price currently sits at $100.90.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 549,682 shares of CoreWeave stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $100.78, for a total value of $55,396,951.96. Following the completion of the sale, the insider directly owned 395,707 shares in the company, valued at $39,879,351.46. This represents a 58.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Magnetar Financial Llc also recently made the following trade(s):

• On Friday, August 15th, Magnetar Financial Llc sold 915,382 shares of CoreWeave stock. The stock was sold at an average price of $100.15, for a total value of $91,675,507.30.

CoreWeave Price Performance

CoreWeave stock traded down $3.91 during mid-day trading on Tuesday, reaching $92.89. 32,026,900 shares of the company were exchanged, compared to its average volume of 19,500,232. The firm's fifty day simple moving average is $137.10. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00. 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 (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data 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. The company'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.

Hedge Funds Weigh In On CoreWeave

A number of institutional investors and hedge funds have recently bought and sold shares of CRWV. Chelsea Counsel Co. acquired a new position in CoreWeave in the 2nd quarter valued at about $33,000. Archer Investment Corp acquired a new position in shares of CoreWeave in the 2nd quarter valued at $34,000. Chilton Capital Management LLC acquired a new stake in CoreWeave during the 2nd quarter worth $39,000. Montag A & Associates Inc. acquired a new stake in shares of CoreWeave in the 2nd quarter worth $49,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of CoreWeave in the 2nd quarter worth $47,000.

Analysts Set New Price Targets

A number of research firms have weighed in on CRWV. Melius started coverage on CoreWeave in a research report on Tuesday, April 22nd. They set a "hold" rating and a $40.00 price target on the stock. 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. Morgan Stanley boosted their price objective on shares of CoreWeave from $58.00 to $91.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Stifel Nicolaus increased their price objective on shares of CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. Finally, Mizuho restated a "neutral" rating and set a $150.00 target price (up from $70.00) on shares of CoreWeave in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $100.90.

CoreWeave Company Profile

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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