CoreWeave (CRWV) 10% owner Magnetar Financial sells $213.8 million in stock
Magnetar Financial LLC, a major 10% shareholder and director in CoreWeave, Inc. (CRWV), sold approximately $213.8 million worth of Class A Common Stock on August 13, 2026. CoreWeave's stock currently trades at $105.26, up 16% over the past week and 47% year-to-date. The shares were sold at prices ranging from $107.75 to $115.61, with a weighted average price of $107.75.
Despite financial challenges including substantial debt and cash burn, analysts view CoreWeave as undervalued at its current $58.6 billion valuation. CoreWeave's recent financial and operational performance includes a revenue beat, a larger increase in adjusted operating income, and significant capacity expansions, prompting several firms to raise their stock price targets.
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