Alyeska Investment Group L.P. Takes $10.97 Million Position in TeraWulf Inc. (NASDAQ:WULF)

Alyeska Investment Group L.P. acquired a new stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,938,222 shares of the company's stock, valued at approximately $10,970,000. Alyeska Investment Group L.P. owned about 0.50% of TeraWulf as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of TeraWulf by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 7,636,552 shares of the company's stock worth $43,232,000 after acquiring an additional 453,429 shares during the period. Dimensional Fund Advisors LP grew its position in TeraWulf by 21.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company's stock worth $30,387,000 after purchasing an additional 955,795 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of TeraWulf by 74.2% in the fourth quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company's stock valued at $26,964,000 after purchasing an additional 2,028,383 shares during the period. Senator Investment Group LP bought a new stake in shares of TeraWulf during the fourth quarter valued at approximately $24,371,000. Finally, BIT Capital GmbH boosted its position in shares of TeraWulf by 169.4% during the fourth quarter. BIT Capital GmbH now owns 3,975,768 shares of the company's stock worth $22,503,000 after buying an additional 2,499,865 shares during the period. Institutional investors and hedge funds own 62.49% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Jones Trading assumed coverage on TeraWulf in a research note on Monday, March 31st. They set a "buy" rating and a $4.00 target price on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $9.50 target price on shares of TeraWulf in a research report on Monday, January 13th. Finally, Rosenblatt Securities lowered their target price on shares of TeraWulf from $10.00 to $4.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $7.86.

TeraWulf Trading Down 8.8 %

NASDAQ WULF traded down $0.29 during trading on Friday, reaching $3.01. 40,632,208 shares of the company's stock were exchanged, compared to its average volume of 29,207,037. TeraWulf Inc. has a fifty-two week low of $1.91 and a fifty-two week high of $9.30. The company's fifty day simple moving average is $2.90 and its 200-day simple moving average is $5.02. The firm has a market capitalization of $1.15 billion, a PE ratio of -15.05 and a beta of 3.00.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The company had revenue of $34.41 million for the quarter, compared to analyst estimates of $45.72 million. TeraWulf's quarterly revenue was down 18.9% on a year-over-year basis. Equities analysts forecast that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

TeraWulf Profile

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.