Insider Selling: CoreWeave (NASDAQ:CRWV) Major Shareholder Sells 573,457 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) major shareholder Magnetar Financial Llc sold 573,457 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $103.84, for a total transaction of $59,547,774.88. Following the sale, the insider owned 390,913 shares in the company, valued at $40,592,405.92. This represents a 59.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large 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 Wednesday, September 10th, Magnetar Financial Llc sold 811,800 shares of CoreWeave stock. The shares were sold at an average price of $118.42, for a total transaction of $96,133,356.00.
• On Thursday, September 11th, Magnetar Financial Llc sold 204,416 shares of CoreWeave stock. The shares were sold at an average price of $118.05, for a total transaction of $24,131,308.80.
• On Friday, August 29th, Magnetar Financial Llc sold 80,820 shares of CoreWeave stock. The shares were sold at an average price of $102.38, for a total transaction of $8,274,351.60.
• On Thursday, August 28th, Magnetar Financial Llc sold 915,339 shares of CoreWeave stock. The shares were sold at an average price of $103.17, for a total transaction of $94,435,524.63.
• On Friday, August 22nd, Magnetar Financial Llc sold 20,733 shares of CoreWeave stock. The shares were sold at an average price of $98.19, for a total transaction of $2,035,773.27.
• On Friday, August 15th, Magnetar Financial Llc sold 915,382 shares of CoreWeave stock. The shares were sold at an average price of $100.15, for a total transaction of $91,675,507.30.
• 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 Stock Performance

Shares of NASDAQ CRWV opened at $111.96 on Friday. 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 Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The firm’s 50-day simple moving average is $113.83.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share 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 revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Hedge Funds Weigh In On CoreWeave

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

Analysts Set New Price Targets

A number of research firms recently weighed in on CRWV. Moffett Nathanson increased their price objective on shares of CoreWeave from $56.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. increased their price objective on shares of CoreWeave from $43.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Arete raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Thursday, August 21st. Barclays increased their price objective on shares of CoreWeave from $100.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st. Finally, The Goldman Sachs Group upped their target price on shares of CoreWeave from $54.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, CoreWeave currently has an average rating of “Hold” and an average target price of $107.45.

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.