Street Calls of the Week
Magnetar Financial LLC, a ten percent owner of CoreWeave, Inc. (NASDAQ:CRWV), reported selling 1,266,456 shares of Class A Common Stock on September 17, 2025. The sales were executed at prices ranging from $118.96 to $121.50, resulting in a total transaction value of $152,675,758. The stock, which has surged over 200% year-to-date and currently trades at $120.86, appears overvalued according to InvestingPro analysis.
The transactions involved multiple entities related to Magnetar Financial. These include CW Opportunity LLC, CW Opportunity 2 LP, Magnetar Capital Master Fund, Ltd, Magnetar Constellation Master Fund, Ltd, Magnetar Longhorn Fund LP, Magnetar SC Fund Ltd, the general partner of Magnetar Structured Credit Fund, LP, Magnetar Alpha Star Fund LLC and Magnetar Lake Credit Fund LLC. With a market capitalization of $61.57 billion and concerning metrics like negative earnings per share of -$3.72, InvestingPro subscribers can access 15+ additional key insights about CoreWeave’s financial health and valuation.
Magnetar Financial LLC serves as the investment advisor to the 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 manager of Supernova Management LLC. Each of the Magnetar Funds, Magnetar Financial, Magnetar Capital Partners, Supernova Management and David J. Snyderman disclaims beneficial ownership of these shares of Common Stock of the Issuer, except to the extent of its or his pecuniary interest therein.
In other recent news, CoreWeave has announced a significant £1.5 billion expansion of its AI data center capacity in the United Kingdom, bringing its total investment in the region to £2.5 billion. This move is aimed at supporting the UK’s infrastructure needs for AI workloads and is expected to create local jobs. Additionally, CoreWeave has entered into a substantial $6.3 billion agreement with NVIDIA under its existing Master Services Agreement, which allows NVIDIA access to CoreWeave’s cloud computing infrastructure. This deal is a key development for the company, as highlighted in an 8-K filing.
In terms of analyst activity, Cantor Fitzgerald has reiterated its Overweight rating for CoreWeave, setting a price target of $116.00, citing the recent NVIDIA order agreement as a positive factor. Similarly, Citizens JMP has upgraded CoreWeave’s stock rating to Market Outperform, establishing a price target of $180.00, driven by trends in the GPU-as-a-Service market. Barclays has maintained its Equalweight rating on CoreWeave, also referencing the NVIDIA deal. These developments reflect growing confidence in CoreWeave’s strategic direction and its expanding role in the cloud computing sector.
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