Insider Selling: CoreWeave (NASDAQ:CRWV) Major Shareholder Sells 1,202,656 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) major shareholder Magnetar Financial Llc sold 1,202,656 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $136.73, for a total value of $164,439,154.88. Following the completion of the transaction, the insider directly owned 245,545 shares of the company’s stock, valued at approximately $33,573,367.85. The trade was a 83.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% 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 Wednesday, May 6th, Magnetar Financial Llc sold 797,884 shares of CoreWeave stock. The stock was sold at an average price of $136.71, for a total value of $109,078,721.64.
• On Thursday, May 7th, Magnetar Financial Llc sold 587,010 shares of CoreWeave stock. The stock was sold at an average price of $129.91, for a total value of $76,258,469.10.
• On Thursday, May 7th, Magnetar Financial Llc sold 159,168 shares of CoreWeave stock. The shares were sold at an average price of $129.91, for a total value of $20,677,514.88.
• On Monday, May 4th, Magnetar Financial Llc sold 1,155,164 shares of CoreWeave stock. The shares were sold at an average price of $127.29, for a total value of $147,040,825.56.
• On Monday, May 4th, Magnetar Financial Llc sold 420,227 shares of CoreWeave stock. The shares were sold at an average price of $127.29, for a total value of $53,490,694.83.
• On Tuesday, May 5th, Magnetar Financial Llc sold 978,764 shares of CoreWeave stock. The shares were sold at an average price of $127.68, for a total value of $124,968,587.52.
• On Tuesday, May 5th, Magnetar Financial Llc sold 349,437 shares of CoreWeave stock. The shares were sold at an average price of $127.68, for a total value of $44,616,116.16.
• On Friday, May 1st, Magnetar Financial Llc sold 209,157 shares of CoreWeave stock. The shares were sold at an average price of $119.91, for a total value of $25,080,015.87.
• On Thursday, April 30th, Magnetar Financial Llc sold 6,564 shares of CoreWeave stock. The shares were sold at an average price of $117.84, for a total value of $773,501.76.
• On Friday, May 1st, Magnetar Financial Llc sold 1,284,876 shares of CoreWeave stock. The shares were sold at an average price of $119.91, for a total value of $154,069,481.16.

CoreWeave Stock Down 11.4%

NASDAQ:CRWV traded down $14.69 during mid-day trading on Friday, hitting $114.15. 48,299,949 shares of the company’s stock traded hands, compared to its average volume of 33,898,368. The company has a fifty day moving average of $94.19 and a 200 day moving average of $92.34. CoreWeave Inc. has a twelve month low of $50.18 and a twelve month high of $187.00. 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 posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The firm had revenue of $1.57 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 47.88%. The company’s quarterly revenue was up 110.4% on a year-over-year basis. On average, research analysts forecast that CoreWeave Inc. will post -4.15 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on CRWV shares. Citizens Jmp reiterated a “market outperform” rating and set a $180.00 price target on shares of CoreWeave in a research note on Friday, February 27th. JPMorgan Chase & Co. boosted their price target on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday. Roth Mkm reiterated a “buy” rating and set a $150.00 price target on shares of CoreWeave in a research note on Friday. The Goldman Sachs Group assumed coverage on CoreWeave in a research note on Monday, January 12th. They set a “neutral” rating and a $86.00 price target on the stock. Finally, Citigroup upped their target price on CoreWeave from $126.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Twenty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.09.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave said bookings hit the strongest level in company history and backlog remains very large, reinforcing that demand for AI infrastructure is still extremely strong. CoreWeave Reports ‘Strongest’ Bookings
• Positive Sentiment: Analysts and commentators remain constructive on the long-term AI growth story, with some saying the pullback may create an attractive entry point despite near-term volatility. Seeking Alpha rating upgrade
• Neutral Sentiment: The company also highlighted product momentum, including expanded SUNK capabilities and SUNK Anywhere, which could support customer adoption over time. CoreWeave expands SUNK capabilities
• Neutral Sentiment: JPMorgan and Mizuho raised price targets but kept neutral ratings, suggesting Wall Street sees value but is still cautious on the stock’s near-term execution risk. Analyst target updates
• Negative Sentiment: CoreWeave reported a larger quarterly loss than expected as operating expenses climbed, fueling concerns that profitability remains distant even with rapid revenue growth. WSJ on widened Q1 loss
• Negative Sentiment: Second-quarter revenue guidance came in below consensus, and the company also lifted its capital spending outlook, creating concern about slower conversion of demand into revenue and continued heavy investment. CoreWeave forecast miss and higher capex
• Negative Sentiment: Recent insider and major shareholder selling, including sales by CEO Michael Intrator, Brian Venturo, Chen Goldberg, and Magnetar Financial, is adding short-term pressure on sentiment. CEO Form 4 filing

Institutional Trading of CoreWeave

A number of hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC boosted its stake in shares of CoreWeave by 4.0% in the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after buying an additional 91 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its position in CoreWeave by 2.1% during the first quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock worth $389,000 after purchasing an additional 104 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in CoreWeave by 34.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after purchasing an additional 119 shares in the last quarter. Chilton Capital Management LLC boosted its position in CoreWeave by 50.2% during the third quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock worth $50,000 after purchasing an additional 121 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares in the last quarter.

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.