CoreWeave (CRWV) 10% owner Magnetar Financial sells $213.8 million in stock

Magnetar Financial LLC, a significant 10% owner and director of CoreWeave, Inc. (NASDAQ:CRWV), reported sales of approximately $213.8 million worth of Class A Common Stock on August 13, 2026. The sale comes as CoreWeave’s stock currently trades at $105.26, with shares posting a 16% gain over the past week and a 47% return year-to-date.

The transactions involved the disposition of shares at prices ranging from $107.75 to $115.61 per share. The price of $107.75 was a weighted average price, with individual sales occurring between $107.61 and $108.48. According to InvestingPro analysis, CoreWeave appears undervalued at current levels. The company, valued at $58.6 billion, faces financial challenges including significant debt and cash burn, though analysts anticipate continued revenue growth. For deeper insights, investors can access CoreWeave’s comprehensive Pro Research Report, one of 1,400+ available on InvestingPro.

Magnetar Financial LLC serves as the investment adviser to a group of funds, including CW Opportunity 2 LP, CW Opportunity LLC, Longhorn Special Opportunities Fund LP, Magnetar Capital Master Fund, Ltd, Magnetar Constellation Master Fund, Ltd, Magnetar Longhorn Fund LP, Magnetar SC Fund Ltd, Purpose Alternative Credit Fund - F LLC, Purpose Alternative Credit Fund - T LLC, Magnetar Alpha Star Fund LLC, and Magnetar Lake Credit Fund LLC. It also advises the general partner of Magnetar Structured Credit Fund, LP DBA Magnetar Constellation Onshore Fund. These entities collectively hold the shares indirectly.

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 administrative manager.

Each of the Magnetar Funds, Magnetar Financial, Magnetar Capital Partners, Supernova Management, and David J. Snyderman disclaims beneficial ownership of these shares of CoreWeave, Inc. Common Stock, except to the extent of their pecuniary interest therein. Following these transactions, Magnetar Financial LLC, through its various funds, continues to hold a substantial number of CoreWeave Class A Common Stock.

In other recent news, CoreWeave has reported significant developments in its financial and operational performance. The company announced a revenue beat and a larger beat on adjusted operating income, prompting Bernstein SocGen Group to raise its stock price target from $67 to $74, while maintaining an Underperform rating. CoreWeave’s quarterly results also led Cantor Fitzgerald to increase its stock price target from $167 to $178, citing revenue growth of 0.8%, a 6.2% rise in adjusted EBITDA, and an 82.9% increase in AOI. Truist Securities raised its price target for CoreWeave to $155 from $126, highlighting the addition of nearly 500 megawatts of capacity in the second quarter, which surpasses the total capacity of any other neocloud operator.

Piper Sandler adjusted its price target to $153 from $151, maintaining an Overweight rating due to CoreWeave’s net-new active megawatts reaching approximately 300 in June and raised fiscal 2026 guidance. DA Davidson maintained a Neutral rating and a $100 price target, noting management’s guidance for capital expenditures between $11.5 billion and $13.5 billion for the next quarter, and an increase in full-year fiscal 2026 capex guidance to a range of $35 billion to $39 billion. These updates reflect CoreWeave’s strategic focus on expanding capacity and responding to strong demand, as evidenced by the raised fiscal 2026 guidance.