Magnetar Financial sells CoreWeave (CRWV) shares worth $52.1m

Published 16/10/2025, 01:06
Magnetar Financial sells CoreWeave (CRWV) shares worth $52.1m

Magnetar Financial LLC, along with Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman, reported selling shares of CoreWeave, Inc. NASDAQ:CRWV on October 13, 2025. The sales of Class A Common Stock amounted to a total of $52,183,135. The price per share ranged from $140.14 to $143.28, near the stock’s current trading price of $139.24. The company, now valued at $69.5 billion, has seen remarkable growth with a 248% return year-to-date. According to InvestingPro analysis, the stock currently trades at a premium to its Fair Value.

The transactions involved the disposal of 364,579 shares of CoreWeave’s Class A Common Stock.

Following these transactions, the entities still hold significant positions in CoreWeave , Inc.

In other recent news, CoreWeave has announced a significant partnership with Poolside to supply over 40,000 GPUs under Nvidia GB300 NVL72 systems. Although the financial terms were not disclosed, Evercore ISI estimates this deal could add approximately $5 billion to CoreWeave’s backlog. This development might increase the company’s total backlog to over $55 billion, with the third-quarter ending backlog potentially nearing $50 billion. Additionally, CoreWeave plans to build a massive AI data center complex in West Texas, named "Horizon," in partnership with Poolside. The facility will utilize natural gas from the Permian Basin to power a data center with two gigawatts of computing capacity.

CoreWeave also launched Serverless RL, a managed reinforcement learning platform, simplifying AI agent training. This new service, a collaboration with the recently acquired OpenPipe, allows scaling across multiple GPUs and promises faster training times and reduced costs. Evercore ISI has reiterated an Outperform rating for CoreWeave, maintaining a price target of $175.00. The firm highlighted CoreWeave’s durable GPU cloud business model and its multi-year take-or-pay contracts, which are trending toward longer durations.

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