Magnetar Financial Llc Sells 691,243 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Magnetar Financial LLC sold 691,243 shares of CoreWeave (NASDAQ:CRWV) for approximately $96.4 million, leading to a 67.25% decrease in their ownership.
• In only a few days, Magnetar Financial LLC sold additional shares totaling over $394 million across multiple transactions.
• CoreWeave's stock recently traded down by 3.2%, currently sitting at $138.43, reflecting significant volatility as it nears its twelve-month high of $187.00.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 691,243 shares of the firm's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $139.46, for a total value of $96,400,748.78. Following the completion of the sale, the insider owned 336,663 shares in the company, valued at approximately $46,951,021.98. This represents a 67.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 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 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 value of $128,071,221.32.
• On Thursday, October 9th, Magnetar Financial Llc sold 372,706 shares of CoreWeave stock. The shares were sold at an average price of $141.16, for a total value of $52,611,178.96.
• On Friday, October 10th, Magnetar Financial Llc sold 208,207 shares of CoreWeave stock. The shares were sold at an average price of $148.80, for a total value of $30,981,201.60.
• On Friday, October 3rd, Magnetar Financial Llc sold 1,149,406 shares of CoreWeave stock. The shares were sold at an average price of $139.37, for a total value 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 value of $79,448,382.01.
• On Tuesday, October 7th, Magnetar Financial Llc sold 63,318 shares of CoreWeave stock. The shares were sold at an average price of $137.63, for a total value of $8,714,456.34.
• On Thursday, October 2nd, Magnetar Financial Llc sold 901,524 shares of CoreWeave stock. The shares were sold at an average price of $138.22, for a total value of $124,608,647.28.
• On Thursday, October 2nd, Magnetar Financial Llc sold 149,524 shares of CoreWeave stock. The shares were sold at an average price of $138.20, for a total value of $20,664,216.80.
• On Tuesday, September 30th, Magnetar Financial Llc sold 732,944 shares of CoreWeave stock. The shares were sold at an average price of $139.55, for a total value of $102,282,335.20.
• On Tuesday, September 30th, Magnetar Financial Llc sold 581,484 shares of CoreWeave stock. The shares were sold at an average price of $139.55, for a total value of $81,146,092.20.

CoreWeave Stock Down 3.2%

Shares of CRWV stock traded down $4.65 during mid-day trading on Friday, hitting $138.43. 44,082,118 shares of the stock traded hands, compared to its average volume of 32,106,068. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00. The company's 50-day simple moving average is $114.79 and its 200-day simple moving average is $105.80. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The firm had revenue of $1.21 million during 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. HSBC assumed coverage on CoreWeave in a research note on Wednesday, July 16th. They set a "reduce" rating and a $32.00 price objective for the company. JMP Securities raised CoreWeave from a "market perform" rating to a "market outperform" rating and set a $180.00 price objective for the company in a research note on Tuesday, September 16th. Raymond James Financial assumed coverage on CoreWeave in a research note on Monday, September 15th. They set an "outperform" rating and a $130.00 price objective for the company. Citizens Jmp raised CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 price objective for the company in a research note on Tuesday, September 16th. Finally, Arete Research raised CoreWeave from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $127.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CRWV. Chelsea Counsel Co. acquired a new stake in CoreWeave during the second quarter valued at $33,000. Family Legacy Financial Solutions LLC boosted its position in CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock valued at $27,000 after purchasing an additional 125 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in CoreWeave during the third quarter valued at $28,000. Archer Investment Corp acquired a new stake in CoreWeave during the second quarter valued at $34,000. Finally, Chilton Capital Management LLC acquired a new stake in CoreWeave during the second quarter valued at $39,000.

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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