Street Calls of the Week
Magnetar Financial LLC, a ten-percent owner in CoreWeave, Inc. (CRWV), sold 294,222 shares of Class A Common Stock on October 16, 2025. The sales were executed at prices ranging from $140.00 to $150.00, resulting in a total transaction value of $43,513,560. The transaction comes as CoreWeave , now valued at $73.48 billion, trades near its 52-week high of $187, with InvestingPro analysis indicating the stock is currently overvalued.
The shares are indirectly held by Magnetar Longhorn Fund LP, Magnetar Xing He Master Fund Ltd, Purpose Alternative Credit Fund - F LLC and Purpose Alternative Credit Fund - T LLC, to which Magnetar Financial LLC serves as the investment advisor. Magnetar Capital Partners LP is the sole member and parent holding company of Magnetar Financial LLC. Supernova Management LLC is the general partner of Magnetar Capital Partners LP, and David J. Snyderman is the administrative manager of Supernova Management LLC. Notable is CoreWeave’s remarkable 250% price return over the past six months, though InvestingPro data shows the company remains unprofitable with -$3.72 earnings per share.
Following the transactions, Magnetar Longhorn Fund LP holds 9,202,863 shares, Magnetar Xing He Master Fund Ltd holds 3,466,658 shares, Purpose Alternative Credit Fund - F LLC holds 906,354 shares and Purpose Alternative Credit Fund - T LLC holds 3,193,318 shares. For deeper insights into insider trading patterns and comprehensive analysis, access CoreWeave’s Pro Research Report, available exclusively on InvestingPro.
In other recent news, CoreWeave announced the appointment of Jon Jones as its first Chief Revenue Officer. Jones brings over two decades of experience in technology leadership, including a role at Amazon, and will lead the company’s global revenue efforts. Additionally, CoreWeave has secured a significant partnership with Poolside to provide over 40,000 GPUs under Nvidia systems. Evercore ISI estimates this deal could add approximately $5 billion to CoreWeave’s backlog, potentially increasing it to over $55 billion. The company is also planning a massive AI data center in West Texas, in collaboration with Poolside, which will utilize natural gas from the Permian Basin for power. Furthermore, CoreWeave launched Serverless RL, a new service for AI agent training, which promises faster training times and reduced costs. This new offering is a collaboration with OpenPipe and aims to simplify reinforcement learning for enterprises. These developments underscore CoreWeave’s ongoing efforts to expand its capabilities and market presence.
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