Street Calls of the Week
Magnetar Financial LLC, along with related entities, reported selling shares of CoreWeave, Inc. NASDAQ:CRWV on September 16, 2025, for a total value of $22,728,816. The sales involved Class A Common Stock, with prices ranging from $118.93 to $124.65. The stock, currently trading at $120.86, has seen remarkable growth with a 202% return over the past six months, though InvestingPro analysis indicates the company may be trading above its Fair Value.
The transactions included multiple sales at weighted average prices. Specifically, 1,546 shares were sold at $118.93, 5,403 shares at $121.44, 5,864 shares at $122.17, 3,038 shares at $123.51 and 1,519 shares at $124.65. With a market capitalization of $61.57 billion, CoreWeave faces profitability challenges, reporting a negative earnings per share of -$3.72 in the last twelve months.
Additional sales included 24,563 shares at $121.44, 26,647 shares at $122.17, 13,798 shares at $123.51, 6,899 shares at $124.65, 3,221 shares at $121.44, 3,493 shares at $122.17, 1,810 shares at $123.51 and 905 shares at $124.65.
Smaller transactions included 330 shares at $121.44, 361 shares at $122.17, 188 shares at $123.51 and 94 shares at $124.65. Further sales consisted of 7,180 shares at $121.44, 7,788 shares at $122.17, 4,034 shares at $123.51 and 2,017 shares at $124.65.
The remaining sales involved 9,852 shares at $121.44, 10,692 shares at $122.17, 5,536 shares at $123.51, 2,768 shares at $124.65, 12,354 shares at $121.44, 13,403 shares at $122.17, 6,940 shares at $123.51 and 3,470 shares at $124.65.
Magnetar Financial LLC serves as the investment advisor to several 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, with David J. Snyderman as its manager. For deeper insights into CoreWeave’s financial health and future prospects, InvestingPro subscribers can access comprehensive analysis including 15+ additional ProTips and detailed valuation metrics in the Pro Research Report.
The filing indicates that Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest.
In other recent news, CoreWeave has announced a £1.5 billion expansion of its investment in AI data center capacity in the United Kingdom, increasing its total commitment in the region to £2.5 billion. This expansion is aimed at supporting the UK’s infrastructure needs for AI workloads and is expected to create local jobs in engineering and operations. Additionally, CoreWeave disclosed a significant agreement with NVIDIA, valued at $6.3 billion, under its existing Master Services Agreement. This deal includes terms for CoreWeave to sell reserved cloud computing capacity while providing NVIDIA access to any residual unsold capacity.
Analysts have taken note of these developments, with Cantor Fitzgerald reiterating an Overweight rating and setting a price target of $116.00 for CoreWeave. Citizens JMP has upgraded CoreWeave’s stock rating from Market Perform to Market Outperform, citing trends in hyperscale outsourcing in the GPU-as-a-Service market. Furthermore, Barclays has maintained its Equalweight rating on CoreWeave, highlighting the new order form with NVIDIA as a key factor. These recent developments underscore CoreWeave’s strategic moves in the AI and cloud computing sectors.
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