CoreWeave Tumbles as $2.5B Volume Ranks 16th Post-Lockup Expiry and Institutional Backing

On August 21, 2025, CoreWeave (CRWV) closed at $90.30, down 0.80% for the day, with a trading volume of $2.53 billion, ranking 16th in market activity. The stock has faced volatility following the August 14 expiration of its IPO lock-up period, which unlocked 84% of outstanding shares and triggered over $1 billion in block trades.

Jane Street’s disclosure of a 5.4% stake in CoreWeave, totaling 19.99 million shares, has signaled renewed institutional interest. The investment places Jane Street among the company’s top institutional holders, trailing only Magnetar Financial, FMR, and Nvidia. This move follows CoreWeave’s IPO at $40 per share in March 2025 and its subsequent peak near $183 in late June 2025.

Analysts have highlighted structural challenges for the stock. The lock-up expiration increased tradable supply, contributing to short-term pressure despite strong Q2 revenue growth of 207%. H.C. Wainwright upgraded CoreWeave to “Buy” with a $180 price target, citing raised fiscal 2025 revenue guidance to $5.25 billion. However, the stock’s larger-than-expected Q2 losses and broader market uncertainties remain risks.

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