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Magnetar Financial LLC, a ten percent owner of CoreWeave, Inc. (CRWV), sold 808,372 shares of Class A Common Stock on September 10, 2025. The transaction comes as CoreWeave trades near $112.69, showing a remarkable 181.7% gain over the past year. According to InvestingPro analysis, the stock currently appears overvalued with a market capitalization of $60.7 billion. The sales were executed at a weighted average price ranging from $118.39 to $118.42, resulting in a total transaction value of $96,131,741.
The sales involved multiple entities, including 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, Magnetar Xing He Master Fund Ltd, Purpose Alternative Credit Fund - F LLC, Purpose Alternative Credit Fund - T LLC, Longhorn Special Opportunities Fund LP, Magnetar Structured Credit Fund, LP, Magnetar Alpha Star Fund LLC and Magnetar Lake Credit Fund LLC.
In addition to the stock sales, Magnetar Financial engaged in derivative transactions involving call and put options, with strike prices of $200 and $82.50 respectively, expiring on June 18, 2026. Track insider transactions and access comprehensive valuation metrics with InvestingPro, which offers 15+ additional insights about CRWV’s financial health and market position.
In other recent news, CoreWeave reported robust Q2 FY2026 earnings, surpassing both analyst forecasts and management guidance. The company achieved significant growth in subscription revenue, meeting its annual recurring revenue targets ahead of schedule. Following these results, Freedom Capital Markets upgraded CoreWeave’s stock rating from Sell to Hold, raising the price target from $410.00 to $430.00. In a strategic move, CoreWeave announced the creation of CoreWeave Ventures, aimed at supporting startups in the AI ecosystem with resources and expertise.
Additionally, CoreWeave has entered into a definitive agreement to acquire OpenPipe Inc., a company known for its reinforcement learning technology, which will enhance CoreWeave’s capabilities in AI training. Meanwhile, several CoreWeave executives have sold substantial amounts of Class A common stock, with Director Jack D. Cogen executing the largest transaction valued at approximately $104.3 million. Furthermore, the company’s largest shareholder, Magnetar Financial, continued to sell shares following the expiration of the post-IPO lockup period, employing a protective trade strategy to hedge its remaining position. These developments reflect CoreWeave’s ongoing strategic initiatives and market activities.
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