Magnetar Financial Llc Sells 732,944 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Magnetar Financial LLC sold 732,944 shares of CoreWeave stock valued at approximately $102.3 million, resulting in a 67.63% decrease in their ownership.
• CoreWeave's stock increased by 0.7%, trading at $138.00, with a twelve-month range between $33.51 and $187.00.
• Wells Fargo upgraded CoreWeave's rating from "equal weight" to "overweight" and raised its price target from $105 to $170, reflecting growing confidence among analysts.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 732,944 shares of the company's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $139.55, for a total value of $102,282,335.20. Following the sale, the insider owned 350,819 shares of the company's stock, valued at $48,956,791.45. This represents a 67.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major 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 Tuesday, September 30th, Magnetar Financial Llc sold 581,484 shares of CoreWeave stock. The stock was sold at an average price of $139.55, for a total value of $81,146,092.20.
• On Tuesday, September 30th, Magnetar Financial Llc sold 99,691 shares of CoreWeave stock. The stock was sold at an average price of $139.55, for a total value of $13,911,879.05.
• On Wednesday, October 1st, Magnetar Financial Llc sold 286,323 shares of CoreWeave stock. The shares were sold at an average price of $137.11, for a total value of $39,257,746.53.
• On Thursday, September 25th, Magnetar Financial Llc sold 1,113,847 shares of CoreWeave stock. The stock was sold at an average price of $136.38, for a total value of $151,906,453.86.
• On Thursday, September 25th, Magnetar Financial Llc sold 185,627 shares of CoreWeave stock. The stock was sold at an average price of $136.38, for a total value of $25,315,810.26.
• On Thursday, September 18th, Magnetar Financial Llc sold 1,059,358 shares of CoreWeave stock. The shares were sold at an average price of $120.62, for a total value of $127,779,761.96.
• On Thursday, September 18th, Magnetar Financial Llc sold 176,512 shares of CoreWeave stock. The stock was sold at an average price of $120.62, for a total value of $21,290,877.44.
• On Friday, September 19th, Magnetar Financial Llc sold 1,451,063 shares of CoreWeave stock. The shares were sold at an average price of $125.60, for a total value of $182,253,512.80.
• On Friday, September 19th, Magnetar Financial Llc sold 1,151,054 shares of CoreWeave stock. The shares were sold at an average price of $125.60, for a total value of $144,572,382.40.
• On Friday, September 19th, Magnetar Financial Llc sold 197,336 shares of CoreWeave stock. The stock was sold at an average price of $125.60, for a total value of $24,785,401.60.

CoreWeave Stock Up 0.7%

NASDAQ:CRWV traded up $0.95 during trading hours on Thursday, hitting $138.00. 21,499,154 shares of the stock were exchanged, compared to its average volume of 34,054,084. The company's 50 day moving average is $111.53. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its earnings results 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 company's quarterly 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.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CRWV. Wells Fargo & Company upgraded shares of CoreWeave from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $105.00 to $170.00 in a research report on Tuesday, September 23rd. Melius Research set a $165.00 price objective on shares of CoreWeave and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Evercore ISI began coverage on shares of CoreWeave in a report on Tuesday. They issued an "outperform" rating and a $175.00 target price on the stock. Melius upgraded shares of CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 price objective on the stock in a report on Tuesday, September 23rd. Finally, Argus reissued a "buy" rating and set a $200.00 target price on shares of CoreWeave in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.64.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Cisco Systems Inc. bought a new position in shares of CoreWeave in the second quarter worth approximately $173,493,000. Gamco Investors INC. ET AL bought a new position in shares of CoreWeave in the first quarter worth about $318,000. Magnus Financial Group LLC bought a new position in CoreWeave during the 2nd quarter worth about $903,000. SeaCrest Wealth Management LLC bought a new position in CoreWeave during the 2nd quarter worth about $848,000. Finally, Sivia Capital Partners LLC bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $39,824,000.

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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