CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 112,111 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) major shareholder Magnetar Financial Llc sold 112,111 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $130.56, for a total transaction of $14,637,212.16. Following the completion of the sale, the insider owned 241,920 shares in the company, valued at $31,585,075.20. This represents a 31.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more 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, May 6th, Magnetar Financial Llc sold 1,202,656 shares of CoreWeave stock. The stock was sold at an average price of $136.73, for a total transaction of $164,439,154.88.
• On Wednesday, May 6th, Magnetar Financial Llc sold 797,884 shares of CoreWeave stock. The stock was sold at an average price of $136.71, for a total transaction of $109,078,721.64.
• On Thursday, May 7th, Magnetar Financial Llc sold 587,010 shares of CoreWeave stock. The stock was sold at an average price of $129.91, for a total transaction of $76,258,469.10.
• On Thursday, May 7th, Magnetar Financial Llc sold 159,168 shares of CoreWeave stock. The stock was sold at an average price of $129.91, for a total transaction of $20,677,514.88.
• On Monday, May 4th, Magnetar Financial Llc sold 1,155,164 shares of CoreWeave stock. The stock was sold at an average price of $127.29, for a total transaction of $147,040,825.56.
• On Monday, May 4th, Magnetar Financial Llc sold 420,227 shares of CoreWeave stock. The stock was sold at an average price of $127.29, for a total transaction of $53,490,694.83.
• On Tuesday, May 5th, Magnetar Financial Llc sold 978,764 shares of CoreWeave stock. The stock was sold at an average price of $127.68, for a total transaction of $124,968,587.52.
• On Tuesday, May 5th, Magnetar Financial Llc sold 349,437 shares of CoreWeave stock. The stock was sold at an average price of $127.68, for a total transaction of $44,616,116.16.
• On Friday, May 1st, Magnetar Financial Llc sold 209,157 shares of CoreWeave stock. The stock was sold at an average price of $119.91, for a total transaction of $25,080,015.87.
• On Thursday, April 30th, Magnetar Financial Llc sold 6,564 shares of CoreWeave stock. The stock was sold at an average price of $117.84, for a total transaction of $773,501.76.

CoreWeave Stock Down 7.0%

CRWV opened at $110.93 on Thursday. The firm has a 50 day moving average price of $104.84 and a 200 day moving average price of $91.25. The company has a market cap of $49.65 billion, a PE ratio of -35.67 and a beta of 7.14. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $187.00. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The business had revenue of $2.08 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business’s quarterly revenue was up 111.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.60) earnings per share. Sell-side analysts expect that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Analysts Set New Price Targets

CRWV has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of CoreWeave in a research report on Monday, May 4th. Evercore reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of CoreWeave in a research report on Wednesday, April 15th. Wells Fargo & Company increased their target price on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. DA Davidson reiterated a “neutral” rating and issued a $100.00 target price (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Finally, Citigroup raised their target price on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.52.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: BNP Paribas initiated coverage on CoreWeave with an Outperform rating and a lofty price target, adding fresh Wall Street support for the stock’s AI growth narrative. CoreWeave rises after BNP Paribas starts coverage with bullish views
• Positive Sentiment: CoreWeave’s validation of NVIDIA’s Vera Rubin NVL72 system strengthens its standing as a leading AI cloud provider and could help attract more enterprise AI workloads. Why CoreWeave (CRWV) Is Up 18.3% After First NVIDIA Vera Rubin NVL72 Cloud Deployment
• Positive Sentiment: Traders appear to be leaning bullish, with reports of unusually high options volume and continued momentum tied to AI sector strength. CoreWeave Sees Unusually High Options Volume
• Neutral Sentiment: Some market commentary still frames CRWV as a “wait-and-see” story, suggesting investors may want proof that growth and execution can justify the valuation. Buy, Hold, or Sell: Is CoreWeave a Multibagger in the Making, or an AI Infrastructure Debt Trap?
• Negative Sentiment: Insider selling by Director Jack Cogen may slightly weigh on sentiment, even though the sale was small relative to his remaining stake. Jack Cogen Sells 271,153 Shares of CoreWeave

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp acquired a new position in CoreWeave during the third quarter worth about $27,000. Aspect Partners LLC purchased a new position in shares of CoreWeave in the third quarter worth approximately $28,000. Rothschild Investment LLC increased its position in shares of CoreWeave by 10,700.0% in the third quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock worth $30,000 after acquiring an additional 214 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of CoreWeave in the third quarter worth approximately $30,000. Finally, UMB Bank n.a. purchased a new position in shares of CoreWeave in the third quarter worth approximately $34,000.

About CoreWeave

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.