Raymond James initiates QXO stock with Outperform rating on acquisition strategy
Director Cogen Jack D, of CoreWeave, Inc. (CRWV), sold 1,051,904 shares of Class A Common Stock on September 2, 2025, in multiple transactions, according to a Form 4 filing with the Securities and Exchange Commission. The sales were executed at prices ranging from $92.309 to $96.8932, resulting in a total transaction value of approximately $105.3 million. The timing is notable as InvestingPro data shows the stock has declined 12.56% in the past week, with shares currently trading at $87.48.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 22, 2025. Following these transactions, Cogen Jack D, through CW Holding 987 LLC, continues to indirectly hold 12,329,676 shares of CoreWeave , Inc. (CRWV) Class A Common Stock. With a market capitalization of $46.6 billion, CoreWeave maintains a Fair overall financial health rating according to InvestingPro analysis, which offers comprehensive insights through its Pro Research Report covering 1,400+ US equities.
Cogen Jack D also has direct and indirect ownership through various trusts and entities, including 261,140 directly held shares, 136,560 shares held by spouse, 126,220 shares held by the Cherry Tree 2024 GRAT, 1,200,000 shares held by the Cogen Family Trust, 19,200 shares held by the Jack D. Cogen 2020 Family Trust, and 110,000 shares each held by Birch Br Trust LLC, Chestnut Br Trust LLC, Maple Br Trust LLC and Willow Br Trust LLC, and 654,200 shares each held by Birch Tree Trust LLC, Chestnut Tree Trust LLC, Maple Tree Trust LLC and Willow Tree Trust LLC. Despite recent insider selling, analyst price targets for CoreWeave range from $32 to $180, reflecting diverse market opinions on this high-growth company.
In other recent news, CoreWeave announced it has reached a definitive agreement to acquire OpenPipe Inc., a company specializing in training AI agents through reinforcement learning technology. This acquisition aims to expand CoreWeave’s capabilities in AI reinforcement learning. Additionally, H.C. Wainwright upgraded CoreWeave’s stock rating from Neutral to Buy, setting a price target of $180, citing the recent selling pressure as unrelated to the company’s performance. Cantor Fitzgerald also initiated coverage on CoreWeave with an Overweight rating, highlighting a significant AI market opportunity.
Meanwhile, CoreWeave’s largest shareholder, Magnetar Financial, sold a substantial number of shares following the expiration of the post-IPO lockup period. This included selling 915,339 shares worth $94.4 million, and employing a protective trade strategy to hedge its remaining position. In another development, Jane Street Group disclosed a 5.4% stake in CoreWeave, making it the fourth largest shareholder. These recent developments provide a multifaceted view of CoreWeave’s current market position and investor activities.
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