CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 208,207 Shares

CoreWeave Inc. (NASDAQ:CRWV) major shareholder Magnetar Financial Llc sold 208,207 shares of the company’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $148.80, for a total value of $30,981,201.60. Following the completion of the transaction, the insider directly owned 950,211 shares of the company’s stock, valued at approximately $141,391,396.80. This trade represents a 17.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, October 8th, Magnetar Financial Llc sold 691,243 shares of CoreWeave stock. The stock was sold at an average price of $139.46, for a total value of $96,400,748.78.
• On Thursday, October 9th, Magnetar Financial Llc sold 907,277 shares of CoreWeave stock. The stock was sold at an average price of $141.16, for a total value of $128,071,221.32.
• On Thursday, October 9th, Magnetar Financial Llc sold 372,706 shares of CoreWeave stock. The stock was sold at an average price of $141.16, for a total value of $52,611,178.96.
• On Friday, October 3rd, Magnetar Financial Llc sold 1,149,406 shares of CoreWeave stock. The stock was sold at an average price of $139.37, for a total value of $160,192,714.22.
• On Monday, October 6th, Magnetar Financial Llc sold 570,463 shares of CoreWeave stock. The stock was sold at an average price of $139.27, for a total value of $79,448,382.01.
• On Tuesday, October 7th, Magnetar Financial Llc sold 63,318 shares of CoreWeave stock. The stock was sold at an average price of $137.63, for a total value of $8,714,456.34.
• On Thursday, October 2nd, Magnetar Financial Llc sold 901,524 shares of CoreWeave stock. The stock was sold at an average price of $138.22, for a total value of $124,608,647.28.
• On Thursday, October 2nd, Magnetar Financial Llc sold 149,524 shares of CoreWeave stock. The stock was sold at an average price of $138.20, for a total value of $20,664,216.80.
• On Tuesday, September 30th, Magnetar Financial Llc sold 732,944 shares of CoreWeave stock. The stock was sold at an average price of $139.55, for a total value of $102,282,335.20.
• On Tuesday, September 30th, Magnetar Financial Llc sold 581,484 shares of CoreWeave stock. The shares were sold at an average price of $139.55, for a total value of $81,146,092.20.

CoreWeave Price Performance

Shares of CoreWeave stock opened at $138.43 on Friday. The stock has a 50 day moving average of $114.79 and a 200 day moving average of $105.80. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00. 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 (NASDAQ:CRWV) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.21 million during the quarter. The business’s quarterly 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.

Institutional Investors Weigh In On CoreWeave

Institutional investors have recently modified their holdings of the stock. Cisco Systems Inc. purchased a new stake in shares of CoreWeave in the second quarter worth approximately $173,493,000. Voya Investment Management LLC purchased a new stake in shares of CoreWeave in the third quarter worth approximately $110,562,000. Geode Capital Management LLC raised 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 worth $116,809,000 after buying an additional 420,915 shares during the period. Lmdagg L.L.C. purchased a new stake in shares of CoreWeave in the second quarter worth approximately $48,030,000. Finally, Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave in the second quarter worth approximately $39,824,000.

Analyst Ratings Changes

A number of brokerages recently commented on CRWV. Macquarie increased their price target on CoreWeave from $115.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. HSBC began coverage on CoreWeave in a research note on Wednesday, July 16th. They set a “reduce” rating and a $32.00 price target for the company. Seaport Res Ptn raised CoreWeave to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoreWeave in a research note on Saturday, September 27th. Finally, Raymond James Financial initiated coverage on CoreWeave in a research note on Monday, September 15th. They issued an “outperform” rating and a $130.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.64.

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.