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Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC and Snyderman David J. reported selling shares of CoreWeave, Inc. NASDAQ:CRWV on October 16, 2025. The sales amounted to a total of $78.8 million, with prices ranging from $140.00 to $150.00 per share. The stock, currently trading at $136.89, has shown remarkable strength with a 250% gain over the past six months. According to InvestingPro analysis, CoreWeave appears overvalued at its current market capitalization of $73.5 billion.
The transactions involved the sale of Class A Common Stock. With an overall Financial Health score of "FAIR" and 12 additional key insights available on InvestingPro, investors can access comprehensive analysis including valuation metrics and growth projections through the platform’s detailed Pro Research Report.
In other recent news, CoreWeave has made several notable announcements. The company has appointed Jon Jones as its first Chief Revenue Officer. Jones brings over two decades of experience from his previous role at Amazon, where he served as Global Head of Startups and Venture Capital. In a significant development, CoreWeave has secured a partnership with Poolside to provide over 40,000 GPUs, a move that Evercore ISI estimates could add approximately $5 billion to CoreWeave’s backlog. The company is also planning a massive AI data center in West Texas, in collaboration with AI startup Poolside, which will leverage natural gas from the Permian Basin for power. Additionally, CoreWeave has launched Serverless RL, a managed reinforcement learning platform designed to simplify AI agent training, marking its first collaboration with recently acquired OpenPipe. This new service promises faster training times and lower costs compared to traditional GPU environments.
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