Magnetar Financial’s CoreWeave Share Sale

On August 12, 2026, Magnetar Financial LLC, which holds a 10% stake and serves as a director of CoreWeave, Inc. (ticker CRWV), disposed of 2,133,481 shares of CoreWeave Class A Common Stock. The aggregate proceeds from the transaction were approximately $231.6 million.

The shares were sold at weighted‑average prices between $107.64 and $108.16 per share. Individual transaction prices fell within two bands: $107.00‑$107.90 and $108.00‑$108.64 per share. At the time of reporting, CoreWeave’s market price was $105.26, slightly below the sale price range.

Magnetar Financial LLC and its related entities continue to hold a substantial number of CoreWeave shares indirectly through various Magnetar Funds, for which Magnetar Financial acts as investment adviser. Magnetar Financial, its parent Magnetar Capital Partners LP, and administrative manager David J. Snyderman expressly disclaimed beneficial ownership of the sold shares except to the extent of any pecuniary interest they may have.

CoreWeave Quarterly Performance

In the same reporting period, CoreWeave announced quarterly results that beat expectations. Revenue grew 0.8%, adjusted EBITDA increased 6.2%, and adjusted operating income surged 82.9% year‑over‑year. The strong operating metrics led the company to raise its fiscal 2026 guidance.

CoreWeave also added nearly 500 megawatts of capacity in the second quarter, underscoring a significant expansion of its operational capabilities.

Analyst Price‑Target Updates

Following the results, several research houses revised their price targets:

  • Truist Securities lifted its target to $155 and retained a Buy rating.
  • Piper Sandler raised its target to $153.
  • Cantor Fitzgerald increased its target to $178.
  • Bernstein SocGen Group kept its target at $74 and maintained an Underperform rating.
  • DA Davidson left its target unchanged at $100, noting projected capital expenditures of $11.5 billion to $13.5 billion for the next quarter and a full‑year FY 2026 capex range of $35 billion to $39 billion.

Market Context

CoreWeave’s market capitalization stands at $58.6 billion. Despite the recent share sale, the company’s valuation is considered attractive by InvestingPro analysts, who argue the stock remains undervalued relative to its fair‑value assessment.

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