Amanda Fabiano Sells 4,600 Shares of TeraWulf (NASDAQ:WULF) Stock

Key Points

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TeraWulf Inc. (NASDAQ:WULF - Get Free Report) Director Amanda Fabiano sold 4,600 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $8.64, for a total value of $39,744.00. Following the completion of the sale, the director directly owned 40,769 shares of the company's stock, valued at approximately $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

TeraWulf Stock Performance

WULF traded down $0.09 during trading on Thursday, hitting $9.19. 54,196,948 shares of the stock were exchanged, compared to its average volume of 62,578,164. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.96. TeraWulf Inc. has a 1-year low of $2.06 and a 1-year high of $10.71. The stock has a fifty day moving average price of $5.30 and a two-hundred day moving average price of $4.12. The firm has a market capitalization of $3.60 billion, a P/E ratio of -26.26 and a beta of 3.17.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $47.64 million during the quarter, compared to analyst estimates of $46.30 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. TeraWulf's revenue was up 33.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) earnings per share. As a group, sell-side analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WULF shares. B. Riley upped their price target on TeraWulf from $8.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday. JMP Securities lifted their price objective on TeraWulf from $7.00 to $13.00 and gave the company a "market outperform" rating in a report on Friday, August 15th. Rosenblatt Securities boosted their target price on TeraWulf from $6.00 to $10.50 and gave the stock a "buy" rating in a research report on Friday, August 15th. Roth Capital increased their target price on TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a research note on Friday, August 15th. Finally, Cantor Fitzgerald raised their price target on TeraWulf from $11.00 to $14.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, TeraWulf currently has an average rating of "Buy" and an average price target of $10.72.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its position in TeraWulf by 135.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company's stock worth $29,000 after purchasing an additional 3,784 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of TeraWulf by 265.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company's stock worth $29,000 after buying an additional 4,800 shares in the last quarter. Advisors Asset Management Inc. grew its stake in TeraWulf by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company's stock valued at $30,000 after acquiring an additional 2,748 shares during the last quarter. CoreCap Advisors LLC grew its stake in TeraWulf by 67.9% in the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock valued at $43,000 after acquiring an additional 3,054 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in TeraWulf during the 2nd quarter valued at about $41,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

About TeraWulf

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.