Magnetar Financial sells CoreWeave (CRWV) stock worth $25.4 million

Published 18/09/2025, 02:48
© Reuters.

Magnetar Financial LLC, a ten percent owner of CoreWeave, Inc. (NASDAQ:CRWV), sold 177,834 shares of Class A Common Stock on September 17, 2025, for approximately $25.4 million. The sales were executed at prices ranging from $119.06 to $121.17, close to the current trading price of $120.86. The stock has shown remarkable strength with a 202% return over the past year, though InvestingPro analysis indicates the stock is currently trading above its Fair Value.

The transactions involved multiple entities, including Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman, with Magnetar Financial LLC serving as the investment advisor to several Magnetar Funds.

Following the sales, the entities still hold a significant number of CoreWeave , Inc. (NASDAQ:CRWV) shares.

In other recent news, CoreWeave has announced a significant expansion of its AI infrastructure investment in the United Kingdom, committing an additional £1.5 billion. This brings the company’s total investment in the UK to £2.5 billion, supporting the country’s AI infrastructure needs and creating local jobs. Additionally, CoreWeave has entered into a new $6.3 billion order agreement with NVIDIA under an existing Master Services Agreement. This deal involves selling reserved cloud computing capacity to customers and providing NVIDIA access to any unsold capacity.

Analysts have reacted to these developments, with Cantor Fitzgerald reiterating an Overweight rating and setting a price target of $116.00. Citizens JMP upgraded CoreWeave’s stock from Market Perform to Market Outperform, citing trends in the GPU-as-a-Service market. Barclays maintained its Equalweight rating, acknowledging the significance of the NVIDIA agreement. These recent developments highlight CoreWeave’s strategic moves in expanding its infrastructure and securing major contracts.

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