Street Calls of the Week
Magnetar Financial LLC, a ten-percent owner of CoreWeave, Inc. (CRWV), sold 536,922 shares of Class A Common Stock on September 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at prices ranging from $119.9 to $120.88, resulting in a total transaction value of $64,167,745. The sale comes as CoreWeave, currently valued at $61.6 billion, has seen its stock surge over 200% year-to-date, according to InvestingPro data.
The sales were executed across multiple transactions by several entities related to Magnetar Financial. These entities included CW Opportunity LLC, CW Opportunity 2 LP, Magnetar Capital Master Fund, Ltd, Magnetar Constellation Master Fund, Ltd, Magnetar Longhorn Fund LP, Magnetar SC Fund Ltd, Magnetar Xing He Master Fund Ltd, Purpose Alternative Credit Fund - F LLC, Purpose Alternative Credit Fund - T LLC, Longhorn Special Opportunities Fund LP, Magnetar Structured Credit Fund, LP, Magnetar Alpha Star Fund LLC and Magnetar Lake Credit Fund LLC. The company trades at significant premiums with an EV/EBITDA multiple of 41.2x, while InvestingPro analysis indicates the stock is currently overvalued.
Magnetar Financial LLC serves as the investment advisor to the Magnetar Funds. Magnetar Capital Partners LP is the sole member and parent holding company of Magnetar Financial. Supernova Management LLC is the general partner of Magnetar Capital Partners. David J. Snyderman is the manager of Supernova Management. For deeper insights into insider transactions and comprehensive financial analysis, access the full CoreWeave research report on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
Following the transactions, Magnetar Financial and related entities continue to hold a significant number of CoreWeave, Inc. (CRWV) shares. The company maintains a strong gross profit margin of 74.5%, though it currently faces challenges with short-term obligations exceeding liquid assets, as indicated by a current ratio of 0.52.
In other recent news, CoreWeave has announced a significant expansion of its AI data center capacity in the United Kingdom, with an additional investment of £1.5 billion, bringing its total commitment in the UK to £2.5 billion. This expansion is expected to bolster the UK’s AI infrastructure and create jobs in various sectors. Additionally, CoreWeave has secured a new order agreement with Nvidia under its existing Master Services Agreement, valued at $6.3 billion, which will enhance its cloud computing offerings. Cantor Fitzgerald has reiterated its Overweight rating on CoreWeave, maintaining a price target of $116.00, in light of this substantial deal. Citizens JMP has upgraded CoreWeave’s stock to Market Outperform, setting a price target of $180.00, due to the growing trend of hyperscale outsourcing in the GPU-as-a-Service market. Barclays, meanwhile, has reiterated its Equalweight rating on CoreWeave, referencing the Nvidia agreement. These developments highlight CoreWeave’s strategic moves in expanding its infrastructure and securing significant partnerships.
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