Magnetar Financial Llc Sells 1,284,876 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) major shareholder Magnetar Financial Llc sold 1,284,876 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $119.91, for a total value of $154,069,481.16. Following the sale, the insider directly owned 264,061 shares in the company, valued at $31,663,554.51. This trade represents a 82.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 Thursday, April 30th, Magnetar Financial Llc sold 6,564 shares of CoreWeave stock. The stock was sold at an average price of $117.84, for a total value of $773,501.76.
• On Wednesday, April 22nd, Magnetar Financial Llc sold 961,169 shares of CoreWeave stock. The stock was sold at an average price of $122.14, for a total value of $117,397,181.66.
• On Wednesday, April 22nd, Magnetar Financial Llc sold 857,367 shares of CoreWeave stock. The shares were sold at an average price of $122.14, for a total value of $104,718,805.38.
• On Wednesday, April 22nd, Magnetar Financial Llc sold 620,672 shares of CoreWeave stock. The shares were sold at an average price of $122.14, for a total value of $75,808,878.08.
• On Thursday, April 23rd, Magnetar Financial Llc sold 296,160 shares of CoreWeave stock. The stock was sold at an average price of $122.21, for a total transaction of $36,193,713.60.
• On Friday, April 24th, Magnetar Financial Llc sold 2,770 shares of CoreWeave stock. The shares were sold at an average price of $119.56, for a total transaction of $331,181.20.
• On Tuesday, April 21st, Magnetar Financial Llc sold 323,452 shares of CoreWeave stock. The shares were sold at an average price of $118.26, for a total transaction of $38,251,433.52.
• 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 transaction 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 transaction of $309,027,834.98.
• On Wednesday, April 15th, Magnetar Financial Llc sold 422,762 shares of CoreWeave stock. The shares were sold at an average price of $118.67, for a total transaction of $50,169,166.54.

CoreWeave Stock Up 6.6%

CRWV traded up $7.41 during trading on Friday, hitting $119.01. The stock had a trading volume of 27,331,728 shares, compared to its average volume of 32,131,860. The company has a market capitalization of $52.72 billion, a PE ratio of -37.19 and a beta of 7.89. CoreWeave Inc. has a twelve month low of $45.80 and a twelve month high of $187.00. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a 50 day simple moving average of $91.88 and a two-hundred day simple moving average of $93.14.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The business had revenue of $1.57 billion for the quarter. The business’s quarterly revenue was up 110.4% compared to the same quarter last year. On average, research analysts predict that CoreWeave Inc. will post -4.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Sanford C. Bernstein increased their price target on CoreWeave from $56.00 to $67.00 and gave the company an “underperform” rating in a research note on Tuesday, April 14th. Roth Mkm restated a “buy” rating on shares of CoreWeave in a research note on Monday, February 23rd. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. Oppenheimer increased their price objective on shares of CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Wolfe Research assumed coverage on shares of CoreWeave in a research report on Thursday, April 16th. They set an “outperform” rating and a $150.00 target price on the stock. Twenty analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, CoreWeave has an average rating of “Moderate Buy” and an average target price of $126.69.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Wells Fargo raised its price target and reiterated an Overweight stance, signaling institutional support and implied upside versus recent levels. Wells Fargo Forecasts Strong Price Appreciation for CoreWeave
• Positive Sentiment: Analyst upgrades and notes about increased client diversification sparked momentum buying; coverage frames CoreWeave as a beneficiary of growing AI infrastructure demand. CoreWeave Stock Rallies 8% Following Analyst Upgrades
• Positive Sentiment: Product update: CoreWeave expanded SUNK capabilities to speed AI cluster setup across multi?cloud and on?prem environments — a practical top?line growth driver if adoption accelerates. CoreWeave SUNK Expands Capabilities
• Neutral Sentiment: Earnings preview: Zacks warns Q1 EPS is expected to decline and CoreWeave lacks the usual setup for an earnings beat, increasing near?term volatility risk around the May 7 report. Earnings Preview: Q1 Expected to Decline
• Neutral Sentiment: Retail/flows noise: stories about high?profile funds (e.g., ARK/Cathie Wood mentions) raise attention but are unconfirmed and may not translate into sustained buying. Coverage on Cathie Wood and AI Stocks
• Negative Sentiment: Large insider selling: several insiders (Brian Venturo, Brannin McBee, CEO Michael Intrator, EVP Chen Goldberg) sold blocks under Rule 10b5?1 plans the week of Apr 27, creating headline risk and short?term selling pressure. Brian Venturo Sells 375,000 Shares
• Negative Sentiment: Industry/customer risk: coverage notes ripples from OpenAI’s spending warning and suggests major customers’ cadence could pressure demand for GPU cloud capacity. CoreWeave Tries to Shrug Off Ripple Effect from OpenAI’s Warning
• Negative Sentiment: Analyst caution: some research (Zacks, others) highlights CoreWeave’s capital intensity and higher risk profile versus steadier cloud peers, which could cap multiple expansion if investors rotate to lower?risk names. CoreWeave vs Snowflake Comparison

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CRWV. HighMark Wealth Management LLC acquired a new stake in shares of CoreWeave during the third quarter worth about $27,000. OLD Second National Bank of Aurora acquired a new position in CoreWeave in the 3rd quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp purchased a new position in CoreWeave during the 3rd quarter worth approximately $27,000. Aspect Partners LLC acquired a new stake in CoreWeave during the 3rd quarter valued at approximately $28,000. Finally, Rothschild Investment LLC lifted its stake in CoreWeave by 10,700.0% during the 3rd quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock valued at $30,000 after acquiring an additional 214 shares during the period.

CoreWeave Company Profile

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.