Magnetar Financial Llc Sells 901,524 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Magnetar Financial Llc sold 901,524 shares of CoreWeave stock at an average price of $138.22, totaling approximately $124.6 million, resulting in a 72.27% decrease in their ownership position.
• CoreWeave's stock performance includes a 12-month high of $187.00 and a low of $33.51, with recent trading activity showing significant volumes, including over 21 million shares traded in a session.
• Analysts have issued various ratings on CoreWeave, with targets ranging from $58.00 to $200.00, and an average target price of $127.64, indicating a general consensus on the stock's potential for growth.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 901,524 shares of the firm's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $138.22, for a total value of $124,608,647.28. Following the transaction, the insider directly owned 345,860 shares of the company's stock, valued at $47,804,769.20. This represents a 72.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Thursday, October 2nd, Magnetar Financial Llc sold 149,524 shares of CoreWeave stock. The stock was 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.
• On Tuesday, September 30th, Magnetar Financial Llc sold 99,691 shares of CoreWeave stock. The shares were 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 shares were 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 stock was sold at an average price of $125.60, for a total transaction of $182,253,512.80.

CoreWeave Stock Performance

NASDAQ:CRWV traded up $0.95 during midday trading on Thursday, hitting $138.00. 21,499,154 shares of the company traded hands, compared to its average volume of 34,054,084. The firm has a fifty day moving average price of $111.53. 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 quick ratio of 0.52 and a current ratio of 0.52.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released 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. The company'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 Trading of CoreWeave

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CRWV shares. Morgan Stanley increased their price target on CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Loop Capital started coverage on CoreWeave in a research report on Friday, September 19th. They set a "buy" rating and a $165.00 price target on the stock. Argus reissued a "buy" rating and set a $200.00 price target on shares of CoreWeave in a research report on Thursday, August 14th. Macquarie increased their price target on CoreWeave from $115.00 to $140.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, Arete raised CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently 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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