Magnetar Financial LLC, a majority shareholder (more than 10% owner) of CoreWeave (CRWV), sold common stock worth approximately $179.81 million over the last couple of trading sessions. This marks the firm’s sixth consecutive sale of CRWV stock since the lock-up period expired.
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CoreWeave is a cloud infrastructure company offering services that enable high performance computing (HPC) in the artificial intelligence and blockchain space.
A Closer Look at the Insider’s Transactions
According to three separate Form 4 filings with the SEC on September 11, Magnetar Financial sold a total of 1,589,673 CRWV shares on September 9, 10, and 11, for about $179.81 million. These shares were sold in multiple tranches at weighted average prices ranging between $103.84 and $118.42 apiece.
Currently, CRWV stock has a Negative Insider Confidence Signal on TipRanks, based on Informative Sell transactions exceeding $1 billion, undertaken in the last three months.
Should CoreWeave Retail Investors Worry?
Many CoreWeave IPO investors have offloaded over $1 billion in shares since mid-August, sparking concern among retail investors. After its blockbuster IPO in March 2025, the stock is still up nearly 200%. CoreWeave is a high-growth but risky stock, and investors should consider their risk-reward profile before investing.
Insider share sales usually indicate caution about a company’s future but can also happen for personal reasons. Hence, it is important to watch these trades for clues on the company’s growth expectations.
Is CoreWeave Stock a Buy?
On TipRanks, CRWV stock has a Moderate Buy consensus rating based on nine Buys, 13 Holds, and two Sell ratings. The average CoreWeave price target of $137.70 implies 22.2% upside potential from current levels.
