CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 44,181 Shares

CoreWeave Inc. (NASDAQ:CRWV) major shareholder Magnetar Financial Llc sold 44,181 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $136.73, for a total transaction of $6,040,868.13. Following the sale, the insider directly owned 314,405 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $52,182,171.33.

CoreWeave Trading Down 2.8%

CoreWeave stock opened at $121.53 on Thursday. The company has a 50-day simple moving average of $116.44 and a 200-day simple moving average of $109.68. 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 one year low of $33.51 and a one year high of $187.00.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The firm had revenue of $1.21 million for the quarter. The company’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.

Hedge Funds Weigh In On CoreWeave

Several large investors have recently made changes to their positions in the business. Nvidia Corp boosted its position in shares of CoreWeave by 0.4% during the 2nd 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. bought a new position in shares of CoreWeave during the 2nd quarter valued at about $173,493,000. Voya Investment Management LLC bought a new position in shares of CoreWeave during the 3rd quarter valued at about $110,562,000. Geode Capital Management LLC boosted its position in shares of CoreWeave by 142.6% during the 2nd 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 boosted its position in shares of CoreWeave by 5,272.4% during the 3rd 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CRWV shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of CoreWeave in a research report on Tuesday, October 14th. Citigroup upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Thursday, July 31st. Raymond James Financial started coverage on shares of CoreWeave in a research report on Monday, September 15th. They issued an “outperform” rating and a $130.00 target price for the company. Melius upgraded shares of CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Tuesday, September 23rd. Finally, Northland Securities increased their target price on shares of CoreWeave from $85.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, CoreWeave has an average rating of “Moderate Buy” and a consensus target price of $127.64.

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.