Magnetar Sells 209,157 Shares, Trimming Crwv Stock 21.91%
Magnetar Financial Llc cut its crwv stock stake by 209,157 shares on Friday, May 1, selling the CoreWeave position for $25,080,015.87. The major shareholder still owned 745,638 shares after the trade, a holding valued at about $89,409,452.58.
The sale lowered Magnetar's position by 21.91% at an average price of $119.91 a share. For CoreWeave holders, that leaves one large shareholder with a smaller but still material stake, and it does so after a stretch of repeated share sales in late April and early May.
May 1 Trade at $119.91
209,157 shares were sold Friday, May 1, at $119.91 each, making the transaction worth $25,080,015.87. Magnetar Financial Llc, identified as a major shareholder, reduced its direct ownership to 745,638 shares in CoreWeave.
21.91% was the size of the reduction. That figure matters because it shows the sale was not a token trim; it materially changed the size of a position that still sat at roughly $89.41 million after the trade.
April Sales Before May 1
6,564 shares were sold on Thursday, April 30, at $117.84 each, and 1,284,876 shares were sold on Friday, May 1, at $119.91 each. Earlier in the month, Magnetar sold 2,604,094 shares on Wednesday, April 15, then 319,835 on Monday, April 20, and 323,452 on Tuesday, April 21.
961,169 shares, 857,367 shares, and 620,672 shares were all sold on Wednesday, April 22, each at $122.14, followed by 296,160 shares on Thursday, April 23 at $122.21 and 2,770 shares on Friday, April 24 at $119.56. The sequence shows a steady reduction rather than a single isolated sale.
CoreWeave Price and Results
$119.01 was CoreWeave's opening price on Monday, while the stock has traded between a one-year low of $45.80 and a one-year high of $187.00. That range places Magnetar's Friday sale near the upper half of the stock's recent band.
February 26 marked CoreWeave's latest quarterly report in the supplied facts. The company posted earnings per share of ($0.89), missing the consensus estimate of ($0.61) by ($0.28), while revenue reached $1.57 billion and rose 110.4% year over year.
33.82% negative return on equity and 22.75% negative net margin show that CoreWeave is still running with losses despite the faster revenue line. For readers tracking the name, the immediate takeaway is straightforward: one major holder trimmed size, but Magnetar still remains a sizable owner with more than 745,000 shares on the books.
