Insider Selling: CoreWeave (NASDAQ:CRWV) Major Shareholder Sells $6,040,868.13 in Stock

CoreWeave Inc. (NASDAQ:CRWV) major shareholder Magnetar Financial Llc sold 44,181 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $136.73, for a total value of $6,040,868.13. Following the completion of the transaction, the insider directly owned 314,405 shares of the company’s stock, valued at $42,988,595.65. This trade represents a 12.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, October 15th, Magnetar Financial Llc sold 556,230 shares of CoreWeave stock. The stock was sold at an average price of $138.76, for a total value of $77,182,474.80.
• On Wednesday, October 15th, Magnetar Financial Llc sold 495,122 shares of CoreWeave stock. The stock was sold at an average price of $138.75, for a total value of $68,698,177.50.
• On Wednesday, October 15th, Magnetar Financial Llc sold 12,876 shares of CoreWeave stock. The stock was sold at an average price of $138.75, for a total value of $1,786,545.00.
• On Thursday, October 16th, Magnetar Financial Llc sold 1,004,073 shares of CoreWeave stock. The stock was sold at an average price of $143.51, for a total value of $144,094,516.23.
• On Thursday, October 16th, Magnetar Financial Llc sold 254,525 shares of CoreWeave stock. The stock was sold at an average price of $143.51, for a total value of $36,526,882.75.
• On Thursday, October 16th, Magnetar Financial Llc sold 549,087 shares of CoreWeave stock. The stock was sold at an average price of $143.51, for a total value of $78,799,475.37.
• On Thursday, October 16th, Magnetar Financial Llc sold 303,206 shares of CoreWeave stock. The stock was sold at an average price of $143.51, for a total value of $43,513,093.06.
• On Friday, October 17th, Magnetar Financial Llc sold 244,203 shares of CoreWeave stock. The stock was sold at an average price of $136.62, for a total value of $33,363,013.86.
• On Friday, October 17th, Magnetar Financial Llc sold 18,371 shares of CoreWeave stock. The stock was sold at an average price of $136.62, for a total value of $2,509,846.02.
• On Monday, October 13th, Magnetar Financial Llc sold 369,379 shares of CoreWeave stock. The stock was sold at an average price of $141.27, for a total value of $52,182,171.33.

CoreWeave Stock Performance

CRWV opened at $132.55 on Friday. The company has a market capitalization of $64.76 billion and a price-to-earnings ratio of -116.27. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00. The business has a 50 day moving average price of $117.56 and a two-hundred day moving average price of $110.80.

CoreWeave (NASDAQ:CRWV) last released its earnings results 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 business had revenue of $1.21 million during the quarter. CoreWeave’s revenue for the quarter 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 equities research analysts have weighed in on the company. Bank of America cut their target price on CoreWeave from $185.00 to $168.00 and set a “neutral” rating for the company in a research report on Wednesday, August 13th. JMP Securities upgraded CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 target price on the stock in a report on Tuesday, September 16th. Moffett Nathanson boosted their target price on CoreWeave from $56.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 19th. Wells Fargo & Company raised CoreWeave from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $105.00 to $170.00 in a research report on Tuesday, September 23rd. Finally, Mizuho reaffirmed a “neutral” rating and set a $150.00 target price (up from $70.00) on shares of CoreWeave in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.64.

Institutional Trading of CoreWeave

A number of hedge funds have recently modified their holdings of the business. Nvidia Corp lifted its holdings in shares of CoreWeave by 0.4% in the second quarter. Nvidia Corp now owns 24,277,573 shares of the company’s stock valued at $3,958,701,000 after purchasing an additional 95,113 shares in the last quarter. Cisco Systems Inc. purchased a new stake in shares of CoreWeave in the second quarter valued at $173,493,000. Voya Investment Management LLC purchased a new stake in shares of CoreWeave in the third quarter valued at $110,562,000. Geode Capital Management LLC lifted its holdings in shares of CoreWeave by 142.6% in the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company’s stock valued at $116,809,000 after purchasing an additional 420,915 shares in the last quarter. Finally, Munro Partners lifted its holdings in shares of CoreWeave by 5,272.4% in the third quarter. Munro Partners now owns 616,485 shares of the company’s stock valued at $84,366,000 after purchasing an additional 605,010 shares in the last quarter.

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.