CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 323,452 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) major shareholder Magnetar Financial Llc sold 323,452 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $118.26, for a total value of $38,251,433.52. Following the completion of the sale, the insider directly owned 279,489 shares in the company, valued at approximately $33,052,369.14. This represents a 53.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 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 Monday, April 20th, Magnetar Financial Llc sold 319,835 shares of CoreWeave stock. The stock was sold at an average price of $117.33, for a total value of $37,526,240.55.
• On Wednesday, April 15th, Magnetar Financial Llc sold 2,604,094 shares of CoreWeave stock. The stock was sold at an average price of $118.67, for a total value of $309,027,834.98.
• On Wednesday, April 15th, Magnetar Financial Llc sold 422,762 shares of CoreWeave stock. The stock was sold at an average price of $118.67, for a total value of $50,169,166.54.
• On Thursday, April 16th, Magnetar Financial Llc sold 1,404,667 shares of CoreWeave stock. The stock was sold at an average price of $118.30, for a total value of $166,172,106.10.
• On Thursday, April 16th, Magnetar Financial Llc sold 228,045 shares of CoreWeave stock. The stock was sold at an average price of $118.30, for a total value of $26,977,723.50.
• On Friday, April 17th, Magnetar Financial Llc sold 203,356 shares of CoreWeave stock. The stock was sold at an average price of $118.85, for a total value of $24,168,860.60.

CoreWeave Trading Up 6.4%

NASDAQ CRWV opened at $122.54 on Thursday. CoreWeave Inc. has a 12 month low of $38.80 and a 12 month high of $187.00. The stock has a market cap of $51.35 billion and a P/E ratio of -38.29. The stock’s fifty day moving average price is $89.89 and its 200-day moving average price is $93.88. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 4.46.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The business had revenue of $1.57 billion for the quarter. The business’s revenue was up 110.4% compared to the same quarter last year. As a group, equities analysts forecast that CoreWeave Inc. will post -4.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Apollon Wealth Management LLC bought a new position in CoreWeave in the first quarter valued at about $426,000. Patriot Financial Group Insurance Agency LLC bought a new position in CoreWeave in the first quarter valued at about $269,000. Gunderson Capital Management LLC bought a new position in CoreWeave in the first quarter valued at about $3,386,000. Janney Montgomery Scott LLC lifted its holdings in CoreWeave by 106.8% in the first quarter. Janney Montgomery Scott LLC now owns 56,459 shares of the company’s stock valued at $4,374,000 after acquiring an additional 29,152 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in CoreWeave by 38.7% in the first quarter. Pictet Asset Management Holding SA now owns 86,476 shares of the company’s stock valued at $6,690,000 after acquiring an additional 24,148 shares during the period.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Strong top-line growth supports bullish thesis: CoreWeave reported calendar-quarter revenue that grew roughly 110% year-over-year, underpinning investor enthusiasm for its GPU/AI-cloud demand and helping momentum in the stock. (Background)
• Neutral Sentiment: Company is planning large debt and capital raises — market is treating the funding as growth-capital for expansion even though it increases leverage; that ambiguity can drive volatility and explain why shares are up despite added debt. CoreWeave Is Issuing Billions in Debt but Shares Are Up 64%. What’s Going on With CRWV Stock?
• Negative Sentiment: Multiple large insider and major-holder sales were disclosed this week — Magnetar Financial reported a >50% cut in its position after selling ~323k and ~320k shares on Apr 20–21 (SEC filing). Large executive sales under Rule 10b5‑1 (including Brian M. Venturo selling 1,125,000 shares and other filings for Brannin McBee) increase supply and are typically viewed negatively even if pre‑arranged. Magnetar SEC filing McBee Form 4 Venturo Form 4
• Negative Sentiment: Analyst/market caution ahead of upcoming earnings — some analysts (e.g., Seeking Alpha preview) flag risks around margins, cash burn and execution, which can limit upside and increase short‑term selling pressure ahead of results. CoreWeave: I’m Turning Cautious Ahead Of Earnings (Preview)

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Mizuho increased their price objective on CoreWeave from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, April 14th. Roth Mkm reaffirmed a “buy” rating on shares of CoreWeave in a research report on Monday, February 23rd. Citizens Jmp reiterated a “market outperform” rating and set a $180.00 target price on shares of CoreWeave in a research note on Friday, February 27th. Jefferies Financial Group decreased their target price on shares of CoreWeave from $155.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Finally, UBS Group reiterated a “neutral” rating on shares of CoreWeave in a research note on Friday, January 16th. Twenty equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.16.

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.