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Magnetar Financial LLC, a ten percent owner of CoreWeave , Inc. (NASDAQ:CRWV), reported selling 544,222 shares of Class A Common Stock on August 18, 2025. The sales were executed at a weighted average price ranging from $100.78 to $100.82, resulting in a total transaction value of approximately $55.4 million. The transaction comes as CoreWeave, currently valued at $48.8 billion, has experienced significant volatility, with the stock dropping 21% in the past week. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
The shares are indirectly held through various entities including 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, CW Opportunity (SO:FTCE11B) LLC and CW Opportunity 2 LP, the general partner of Magnetar Structured Credit Fund, LP and the manager of Magnetar Alpha Star Fund LLC and Magnetar Lake Credit Fund LLC. Nine analysts have recently revised their earnings expectations downward for the upcoming period, as revealed by InvestingPro data.
In addition to the stock sales, Magnetar Financial engaged in derivative transactions involving call and put options, with strike prices of $180 and $75 respectively, related to CoreWeave’s Class A Common Stock. For deeper insights into CoreWeave’s financial health, valuation metrics, and 15+ additional ProTips, explore the comprehensive Pro Research Report available exclusively on InvestingPro.
In other recent news, Core Scientific’s earnings exceeded expectations due to its high-performance computing business, despite a revenue shortfall linked to the strategic wind-down of Bitcoin mining operations. Macquarie maintained its Neutral rating on Core Scientific, with a price target of $15. Meanwhile, CoreWeave has seen a series of developments, with MoffettNathanson raising its price target to $65, citing forecast changes and an increased valuation multiple for future estimates. In contrast, HSBC reiterated a Reduce rating for CoreWeave, expressing concerns about future margin performance and noting that its earnings estimates are significantly below consensus expectations.
Additionally, BofA Securities lowered its price target for CoreWeave to $168, maintaining a Neutral rating, and described the company’s recent quarterly results as solid, despite some underperformance compared to previous quarters. Large block trades of CoreWeave shares were executed by major banks, including JPMorgan, Goldman Sachs, and Morgan Stanley (NYSE:MS), at prices in the mid-$90s range. These trades highlight ongoing interest and activity in CoreWeave’s stock among institutional investors.
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