10% Owner Magnetar Financial Sells $20.6M in CoreWeave Stock Amidst Earnings Report
CRWV has more than doubled off its 52-week low of $50.18.
Summary
Magnetar Financial LLC, a 10% owner of CoreWeave, Inc., reported an open market sale of $20.6 million worth of common stock on May 7, 2026, coinciding with the company's Q1 earnings release.
Key Events · Ownership and Investor Activity · CRWV
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Significant Insider Sale
Magnetar Financial LLC, a 10% owner, sold 159,168 shares of CoreWeave common stock for a total of $20,677,149.
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Timing with Earnings
The sale occurred on May 7, 2026, the same day CoreWeave reported its Q1 earnings and just before its stock plunged on weaker Q2 guidance.
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Continued Distribution Pattern
This transaction contributes to a broader pattern of insider distribution observed over the last 90 days.
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Post-Transaction Holdings
Following these sales, Magnetar Financial LLC's indirect holdings in CoreWeave, Inc. stand at 6,931,870 shares.
Analysis · CRWV · Technology
This significant open market sale by Magnetar Financial LLC, a major institutional investor and 10% owner, occurred on May 7, 2026, the same day CoreWeave reported its Q1 earnings. The transaction value of over $20 million is substantial, even if it represents a small percentage of the company's large market capitalization. The timing, coinciding with the earnings report and preceding the negative market reaction to weaker Q2 guidance, suggests the investor was taking profits or rebalancing their portfolio ahead of potential volatility. This sale is consistent with a broader pattern of insider distribution observed over the last 90 days.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 32.7% of the 1910 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CRWV was trading at $113.63 on NASDAQ in the Technology sector, with a market capitalization of approximately $62.7B. The 52-week trading range was $50.18 to $187.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.