Magnetar Financial Llc Sells 915,382 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Magnetar Financial Llc sold 915,382 shares of CoreWeave (NASDAQ:CRWV) at an average price of $100.15, resulting in a total transaction of $91,675,507.30 and a 69.71% decrease in their position.
• CoreWeave's stock has recently traded down 4.0% to $92.89, with significant trading volume of 32,026,900 shares compared to its average of 19,500,232.
• Despite missing EPS estimates for the quarter, CoreWeave's revenue increased by 206.7% year-over-year, indicating strong growth potential.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 915,382 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $100.15, for a total transaction of $91,675,507.30. Following the completion of the sale, the insider owned 397,757 shares of the company's stock, valued at $39,835,363.55. This trade represents a 69.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 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 Monday, August 18th, Magnetar Financial Llc sold 549,682 shares of CoreWeave stock. The shares were sold at an average price of $100.78, for a total transaction of $55,396,951.96.

CoreWeave Trading Down 4.0%

Shares of NASDAQ CRWV traded down $3.91 during trading on Tuesday, reaching $92.89. 32,026,900 shares of the stock were exchanged, compared to its average volume of 19,500,232. The business's 50-day moving average price is $137.10. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CRWV shares. Northland Capmk raised CoreWeave to a "strong-buy" rating in a report on Tuesday, May 13th. Melius Research upgraded CoreWeave to a "hold" rating in a report on Tuesday, April 22nd. Northland Securities upped their price target on CoreWeave from $85.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Citizens Jmp raised CoreWeave to a "hold" rating in a research report on Thursday, May 22nd. Finally, Barclays increased their price objective on CoreWeave from $100.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $100.90.

Institutional Investors Weigh In On CoreWeave

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

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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