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Magnetar Financial LLC, along with related entities, including Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman, sold 80,290 shares of CoreWeave, Inc. NASDAQ:CRWV Class A Common Stock on August 29, 2025. The sales were executed at a weighted average price ranging from $102.36 to $102.39, netting approximately $8.2 million. The transaction comes as CoreWeave’s stock shows high price volatility, with shares currently trading at $93.34, down from their 52-week high of $187. According to InvestingPro analysis, the company’s market capitalization stands at $53.42 billion.
The transactions are detailed in a Form 4 filing with the Securities and Exchange Commission. The shares were indirectly held by various Magnetar Funds. While analyst targets for the stock range from $32 to $180, InvestingPro subscribers have access to 16 additional key insights about CoreWeave’s financial health and growth prospects through the comprehensive Pro Research Report.
Following these transactions, Magnetar Financial and related entities continue to hold significant positions in CoreWeave , Inc. The stock has demonstrated strong momentum with a 133% return over the past six months, despite current challenges in maintaining profitability.
In other recent news, CoreWeave has been the focus of several notable developments. H.C. Wainwright upgraded CoreWeave’s stock rating from Neutral to Buy, setting a price target of $180. This move comes amid recent selling pressure, which the firm attributes to potential early investor liquidation following the expiration of the lockup period rather than any fundamental issues with the company’s performance. Cantor Fitzgerald also initiated coverage on CoreWeave with an Overweight rating and a price target of $116, citing a significant AI market opportunity balanced against execution risks.
In other developments, Jane Street Group disclosed a 5.4% stake in CoreWeave, making it the fourth-largest shareholder. Meanwhile, CoreWeave’s largest shareholder, Magnetar Financial, sold a substantial number of shares following the lockup expiration. The firm sold 915,339 shares worth $94.4 million and employed a protective "collar" trade strategy to hedge its remaining position. These actions contribute to the dynamic environment surrounding CoreWeave, reflecting both investor confidence and strategic adjustments.
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