CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 915,382 Shares

CoreWeave Inc. (NASDAQ:CRWV) major shareholder Magnetar Financial Llc sold 915,382 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $100.15, for a total value of $91,675,507.30. Following the completion of the transaction, the insider owned 397,757 shares in the company, valued at $39,835,363.55. The trade was a 69.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 Monday, August 18th, Magnetar Financial Llc sold 549,682 shares of CoreWeave stock. The shares were sold at an average price of $100.78, for a total value of $55,396,951.96.

CoreWeave Stock Performance

Shares of CoreWeave stock opened at $90.79 on Friday. The firm has a 50-day simple moving average of $134.78. CoreWeave Inc. has a 52 week low of $33.51 and a 52 week high of $187.00. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data 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 during the quarter. CoreWeave’s 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.

Institutional Investors Weigh In On CoreWeave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chelsea Counsel Co. purchased a new stake in CoreWeave during the second quarter valued at approximately $33,000. Archer Investment Corp purchased a new stake in shares of CoreWeave in the second quarter worth approximately $34,000. Chilton Capital Management LLC purchased a new stake in shares of CoreWeave in the second quarter worth approximately $39,000. Montag A & Associates Inc. purchased a new stake in shares of CoreWeave in the second quarter worth approximately $49,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of CoreWeave in the second quarter worth approximately $47,000.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Mizuho restated a “neutral” rating and issued a $150.00 price objective (up from $70.00) on shares of CoreWeave in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of CoreWeave in a research report on Wednesday, August 13th. Northland Securities boosted their target price on CoreWeave from $85.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. HC Wainwright upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Thursday. Finally, Arete upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $107.05.

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.