Magnetar Financial sells CoreWeave (CRWV) shares for $2.5 million

Magnetar Financial LLC, along with Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman, reported selling shares of CoreWeave, Inc. (EXCHANGE:CRWV) on October 17, 2025. The company, currently valued at $73.48 billion, has seen its stock surge 250% over the past six months. According to InvestingPro analysis, the stock appears overvalued at current levels. The sales of Class A Common Stock totaled $2,509,857 with prices ranging from $136.39 to $140.20.

Specifically, 14,189 shares were sold at a weighted average price of $136.39, 295 shares at $139.18, and 708 shares at $140.20. Additional sales included 2,975 shares at $136.39, 60 shares at $139.18, and 144 shares at $140.20.

Following these transactions, the entities still hold a significant number of CoreWeave , Inc. shares.

In other recent news, CoreWeave announced the appointment of Jon Jones as its first Chief Revenue Officer. Jones, who has extensive experience in technology leadership roles, will focus on scaling the company’s products and sales operations. In a significant development, CoreWeave secured a partnership with Poolside to provide over 40,000 GPUs, potentially adding $5 billion to its backlog, as estimated by Evercore ISI. This deal, however, closed after the third quarter, which may affect the reported backlog figures for that period.

Additionally, CoreWeave is planning to build a massive AI data center in West Texas in collaboration with Poolside. The facility, named "Horizon," will leverage natural gas from the Permian Basin to power a data center with two gigawatts of computing capacity. On the technological front, CoreWeave launched Serverless RL, a fully managed reinforcement learning platform, designed to simplify AI agent training. This new service, developed in collaboration with OpenPipe, allows for faster training times and reduced costs compared to traditional environments.

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