On April 16, 2026, Magnetar Financial LLC and several related Magnetar-managed entities executed a sizable sale of CoreWeave, Inc. (CRWV) Class A common stock, disposing of 1,401,752 shares for aggregate proceeds of $166.17 million. The block trades were executed at prices ranging from $117.96 to $120.64 per share, while CoreWeave's shares are currently quoted at $116.85 - slightly below the range realized by the Magnetar sales.
The divestiture represents a material transaction by the Magnetar group. The CoreWeave shares connected to the sale are indirectly held across a series of funds and vehicles: CW Opportunity 2 LP, CW Opportunity LLC, Magnetar Capital Master Fund, Ltd, Magnetar Constellation Master Fund, Ltd, Magnetar Longhorn Fund LP, Magnetar SC Fund Ltd, the general partner of Magnetar Structured Credit Fund, LP, and the manager of Magnetar Alpha Star Fund LLC and Magnetar Lake Credit Fund LLC. Magnetar Financial LLC acts as the investment adviser to these funds. Magnetar Capital Partners LP is the sole member and parent owner of Magnetar Financial, with Supernova Management LLC serving as the general partner of Magnetar Capital Partners. David J. Snyderman is identified as the administrative manager of Supernova Management LLC.
Even after completing the April 16 sales, the Magnetar entities remain significant shareholders in CoreWeave, continuing to hold a substantial position in the company.
Separately, CoreWeave has announced a major commercial and capital development that coincides with the Magnetar transactions. The company agreed to a $6 billion expansion arrangement with Jane Street, enabling the trading firm to access CoreWeave's compute capacity across multiple facilities, including the Vera Rubin platform. As part of that relationship, Jane Street is investing $1 billion in CoreWeave by acquiring approximately 9.17 million shares at $109 each.
In addition to the equity commitment from Jane Street, CoreWeave has priced a private offering of $1 billion in senior notes due in 2031. The notes carry a stated interest rate of 9.75% and will be issued at 102% of the principal amount. The offering is expected to close on April 21, 2026, subject to customary closing conditions.
Market analysts have reacted favorably to CoreWeave's recent developments. Cantor Fitzgerald increased its price target to $156 from $149 and maintained an Overweight rating. Evercore ISI raised its price target to $150 from $120 while retaining an Outperform rating. Wolfe Research commenced coverage with an Outperform rating and a $150 price target, citing CoreWeave's strong position as it expands capacity.
Investment research also indicates that the stock is trading near fair value. According to InvestingPro analysis, CoreWeave is priced close to its Fair Value, with more detailed insights available in the platform's Pro Research Report for CRWV, one of over 1,400 U.S. equities covered.
Collectively, the Magnetar share sale, the Jane Street strategic and financial commitments, and the senior note offering present a concentrated set of corporate finance and ownership moves for CoreWeave. The transactions and analyst actions together frame the company's near-term capital structure and market perception.
Summary
Magnetar Financial LLC and affiliated funds sold 1,401,752 CoreWeave Class A shares on April 16, 2026, for $166.17 million at prices between $117.96 and $120.64 per share. CoreWeave now trades at $116.85. Concurrently, CoreWeave agreed a $6 billion compute capacity deal with Jane Street, which is also investing $1 billion via a share purchase at $109 per share, and the company priced a $1 billion private offering of senior notes due 2031 at 9.75%, expected to close April 21, 2026.