Magnetar Financial sells Coreweave (CRWV) shares worth $77.1m

Magnetar Financial LLC, a ten percent owner of CoreWeave, Inc. (CRWV), has reported selling 555,522 shares of Class A Common Stock on October 15, 2025. The sales were executed at prices ranging from $135.12 to $141.00, resulting in a total transaction value of $77,184,304. According to InvestingPro data, CoreWeave’s stock has delivered remarkable returns of over 240% year-to-date, with the current market capitalization standing at $73.48 billion.

The transactions involved multiple entities, including CW Opportunity LLC, CW Opportunity 2 LP, Magnetar Capital Master Fund, Ltd, Longhorn Special Opportunities Fund LP, and Magnetar Alpha Star Fund LLC, all of which are advised by Magnetar Financial LLC. While the company shows strong price momentum, InvestingPro analysis indicates the stock is currently trading at premium valuation multiples, with analysts projecting continued sales growth but no profitability this year.

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. For comprehensive analysis and 12 additional ProTips on CoreWeave’s financial health and valuation, visit InvestingPro.

In other recent news, CoreWeave has announced the appointment of Jon Jones as its first Chief Revenue Officer. Jones, who brings over two decades of experience in technology leadership, 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 approximately $5 billion to the company’s backlog, as estimated by Evercore ISI. This partnership might bring CoreWeave’s total backlog to over $55 billion.

Additionally, CoreWeave is planning to build a massive AI data center in West Texas, in collaboration with AI startup Poolside. This facility, named "Horizon," will have a computing capacity of two gigawatts, utilizing natural gas from the Permian Basin for power generation. CoreWeave also launched Serverless RL, a managed reinforcement learning platform, which simplifies AI agent training across multiple GPUs. This new service, developed with OpenPipe, offers faster training times and reduced costs compared to traditional environments.

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