Insider Selling: CoreWeave (NASDAQ:CRWV) Major Shareholder Sells $79,448,382.01 in Stock

CoreWeave Inc. (NASDAQ:CRWV) major shareholder Magnetar Financial Llc sold 570,463 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $139.27, for a total value of $79,448,382.01. Following the completion of the transaction, the insider owned 339,469 shares of the company’s stock, valued at $47,277,847.63. The trade was a 62.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 Friday, October 3rd, Magnetar Financial Llc sold 1,149,406 shares of CoreWeave stock. The shares were sold at an average price of $139.37, for a total value of $160,192,714.22.
• On Tuesday, October 7th, Magnetar Financial Llc sold 63,318 shares of CoreWeave stock. The shares were 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.
• On Tuesday, September 30th, Magnetar Financial Llc sold 99,691 shares of CoreWeave stock. The shares were sold at an average price of $139.55, for a total value of $13,911,879.05.
• On Wednesday, October 1st, Magnetar Financial Llc sold 286,323 shares of CoreWeave stock. The shares were sold at an average price of $137.11, for a total value of $39,257,746.53.
• On Thursday, September 25th, Magnetar Financial Llc sold 1,113,847 shares of CoreWeave stock. The shares were sold at an average price of $136.38, for a total transaction of $151,906,453.86.
• On Thursday, September 25th, Magnetar Financial Llc sold 185,627 shares of CoreWeave stock. The stock was sold at an average price of $136.38, for a total transaction of $25,315,810.26.

CoreWeave Trading Up 2.2%

NASDAQ CRWV opened at $143.08 on Friday. 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 Inc. has a 12 month low of $33.51 and a 12 month high of $187.00. The company’s 50 day simple moving average is $114.11 and its 200 day simple moving average is $105.57.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CRWV shares. Bank of America reduced their target price on shares of CoreWeave from $185.00 to $168.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 13th. Arete raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a report on Thursday, August 21st. Stifel Nicolaus lifted their price objective on shares of CoreWeave from $115.00 to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, August 13th. JMP Securities upgraded shares of CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 price objective for the company in a research report on Tuesday, September 16th. Finally, Moffett Nathanson upped their price objective on shares of CoreWeave from $56.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $127.64.

Institutional Investors Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRWV. Costello Asset Management INC boosted its holdings in shares of CoreWeave by 33.3% in the second quarter. Costello Asset Management INC now owns 400 shares of the company’s stock worth $65,000 after buying an additional 100 shares during the last quarter. Family Legacy Financial Solutions LLC boosted its stake in CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after buying an additional 125 shares during the period. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave during the second quarter valued at $33,000. Princeton Global Asset Management LLC bought a new stake in shares of CoreWeave in the third quarter valued at about $28,000. Finally, Archer Investment Corp acquired a new position in shares of CoreWeave during the second quarter valued at about $34,000.

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.