CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 204,416 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) major shareholder Magnetar Financial Llc sold 204,416 shares of CoreWeave stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $118.05, for a total value of $24,131,308.80. Following the completion of the transaction, the insider owned 387,133 shares of the company’s stock, valued at approximately $45,701,050.65. This trade represents a 34.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 9th, Magnetar Financial Llc sold 573,457 shares of CoreWeave stock. The shares were sold at an average price of $103.84, for a total value of $59,547,774.88.
• On Wednesday, September 10th, Magnetar Financial Llc sold 811,800 shares of CoreWeave stock. The stock was sold at an average price of $118.42, for a total value of $96,133,356.00.
• On Friday, August 29th, Magnetar Financial Llc sold 80,820 shares of CoreWeave stock. The stock was sold at an average price of $102.38, for a total value of $8,274,351.60.
• On Thursday, August 28th, Magnetar Financial Llc sold 915,339 shares of CoreWeave stock. The stock was sold at an average price of $103.17, for a total value of $94,435,524.63.
• On Friday, August 22nd, Magnetar Financial Llc sold 20,733 shares of CoreWeave stock. The stock was sold at an average price of $98.19, for a total value of $2,035,773.27.
• 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.
• On Monday, August 18th, Magnetar Financial Llc sold 549,682 shares of CoreWeave stock. The stock was sold at an average price of $100.78, for a total value of $55,396,951.96.

CoreWeave Trading Down 3.8%

NASDAQ:CRWV opened at $112.69 on Friday. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00. The stock’s fifty day simple moving average is $114.89. 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) last released its 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 firm had revenue of $1.21 million during the quarter. The business’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 brokerages have recently commented on CRWV. Wells Fargo & Company upped their target price on CoreWeave from $60.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 13th. DA Davidson restated an “underperform” rating and issued a $36.00 target price on shares of CoreWeave in a research note on Tuesday, June 10th. Bank of America lowered their target price on CoreWeave from $185.00 to $168.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 13th. Wall Street Zen downgraded CoreWeave from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Finally, Argus restated a “buy” rating and issued a $200.00 target price on shares of CoreWeave in a research note on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $107.45.

Institutional Investors Weigh In On CoreWeave

A number of institutional investors have recently modified their holdings of the company. Centaurus Financial Inc. acquired a new stake in shares of CoreWeave in the second quarter valued at $138,000. Squarepoint Ops LLC purchased a new stake in shares of CoreWeave in the 2nd quarter valued at about $629,000. Munro Partners purchased a new stake in shares of CoreWeave in the 2nd quarter valued at about $1,871,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of CoreWeave in the 2nd quarter valued at about $467,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in CoreWeave in the 2nd quarter valued at about $1,019,000.

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.