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Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and Snyderman David J., all 10% owners of CoreWeave, Inc. (CRWV), sold 244,227 shares of Class A Common Stock on October 17, 2025. The insider selling comes as CRWV trades near $137, having surged over 250% in the past six months. According to InvestingPro analysis, the company, now valued at $73.5 billion, appears overvalued relative to its Fair Value. The sales were executed at prices ranging from $136.37 to $140.20, netting a total of $33,361,924.
The shares are indirectly owned through several entities including CW Opportunity LLC, CW Opportunity 2 LP, Magnetar Capital Master Fund, Ltd, Magnetar Constellation Master Fund, Ltd, Magnetar SC Fund Ltd, Magnetar Xing He Master Fund Ltd and Longhorn Special Opportunities Fund LP, the general partner of Magnetar Structured Credit Fund, LP and the manager of Magnetar Alpha Star Fund LLC and Magnetar Lake Credit Fund LLC.
In other recent news, CoreWeave announced the appointment of Jon Jones as its first Chief Revenue Officer. Jones, who brings over two decades of technology leadership experience, previously held a significant role at Amazon. Additionally, CoreWeave secured a partnership with Poolside to provide over 40,000 GPUs, a deal that Evercore ISI estimates could add approximately $5 billion to the company’s backlog. This development potentially raises CoreWeave’s total backlog to over $55 billion. In another significant move, CoreWeave is partnering with Poolside to build a massive AI data center in West Texas, leveraging natural gas from the Permian Basin for power.
Furthermore, CoreWeave launched Serverless RL, a managed reinforcement learning platform aimed at simplifying AI agent training. The platform, developed in collaboration with recently acquired OpenPipe, promises faster training times and reduced costs. These recent developments indicate CoreWeave’s strategic focus on expanding its AI infrastructure and product offerings.
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