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Magnetar Financial LLC, a ten percent owner of CoreWeave, Inc. (NASDAQ:CRWV), reported selling 493,142 shares of Class A Common Stock on October 15, 2025. The sales were executed at prices ranging from $137.45 to $141.00, resulting in a total transaction value of approximately $68.7 million. The transaction comes as CoreWeave , now valued at $73.5 billion, trades near its 52-week high of $187, having delivered an impressive 250% return over the past six months. According to InvestingPro analysis, the stock currently appears overvalued based on its Fair Value estimates.
The transactions were detailed in a Form 4 filing with the Securities and Exchange Commission. Following the reported sales, Magnetar Financial and affiliated entities still hold a significant number of CoreWeave shares. The company maintains a strong gross profit margin of 74.5%, though InvestingPro data shows it’s currently unprofitable with negative earnings per share. For deeper insights into CoreWeave’s financial health and detailed valuation metrics, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
The filing indicates that Magnetar Financial LLC serves as the investment advisor to several 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 administrative manager of Supernova Management LLC.
The ownership nature is indirect, with shares held directly by Magnetar Constellation Master Fund, Ltd, Magnetar SC Fund Ltd, Magnetar Xing He Master Fund Ltd and Purpose Alternative Credit Fund - F LLC, the general partner of Magnetar Structured Credit Fund, LP and the manager of Magnetar Lake Credit Fund LLC. Magnetar Financial, Magnetar Capital Partners, Supernova Management and David J. Snyderman disclaim beneficial ownership of these shares except to the extent of their pecuniary interest.
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 roles and will focus on scaling products and sales operations. Additionally, CoreWeave has secured a 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. In another development, CoreWeave plans to build a massive data center complex in West Texas, leveraging natural gas from the Permian Basin to power the facility. The project, known as "Horizon," will feature two gigawatts of computing capacity. Furthermore, CoreWeave launched a new service called Serverless RL, a managed reinforcement learning platform aimed at simplifying AI agent training. The service promises nearly 1.4x faster training times and 40% lower costs compared to traditional environments.
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