Magnetar Financial LLC, along with related entities, including Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman, sold 370,029 shares of CoreWeave, Inc. NASDAQ:CRWV Class A Common Stock on October 9, 2025. The sales were executed at prices ranging from $139.48 to $142.89, resulting in a total transaction value of $52,611,484. The transaction comes as CoreWeave, currently valued at $74.18 billion, trades near its 52-week high of $187.
The transactions involved multiple sales at different price points. Specifically, shares were sold at weighted average prices of $139.48, $140.91$, $141.52$, and $142.89$. According to InvestingPro data, CRWV has delivered remarkable returns, with a 216% gain over the past six months, though the company remains unprofitable with a negative earnings yield. InvestingPro subscribers have access to 12 additional key insights about CoreWeave's financial health and valuation metrics.
Following these transactions, the number of CoreWeave shares owned following the transaction by Magnetar SC Fund Ltd is 1,446,614; Magnetar Structured Credit Fund, LP is 9,567,809; Magnetar Xing He Master Fund Ltd is 3,784,378; Purpose Alternative Credit Fund - F LLC is 3,449,278; Purpose Alternative Credit Fund - T LLC is 959,976; and Magnetar Longhorn Fund LP is 9,202,863.
In other recent news, CoreWeave, Inc. has announced the launch of Serverless RL, a managed reinforcement learning platform designed to simplify AI agent training. This new service is the first collaboration between CoreWeave and its recent acquisition, OpenPipe, and it allows developers to scale reinforcement learning across multiple GPUs with minimal setup. In terms of performance, the company claims that the platform offers nearly 1.4 times faster training times and 40% lower costs compared to local H100 GPU environments.
Additionally, CoreWeave has agreed to acquire Monolith AI Limited, a firm known for its artificial intelligence and machine learning solutions aimed at physics and engineering challenges. This acquisition is intended to enhance CoreWeave's AI cloud infrastructure by integrating Monolith's simulation and test-driven capabilities. Evercore ISI has reiterated an Outperform rating on CoreWeave, citing the durability of its GPU cloud business model and highlighting its multi-year take-or-pay contracts as a differentiator from competitors.
Lastly, CoreWeave CEO Michael Intrator has stated that there are no plans to revise the company's acquisition offer for Core Scientific, which has quelled investor speculation about a potential higher bid.
This article was generated with the support of AI and reviewed by an editor.