TeraWulf Inc. (NASDAQ:WULF) Shares Sold by Centiva Capital LP

Centiva Capital LP trimmed its position in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 89.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,835 shares of the company's stock after selling 397,421 shares during the quarter. Centiva Capital LP's holdings in TeraWulf were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of TeraWulf by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company's stock worth $13,980,000 after purchasing an additional 105,997 shares during the last quarter. Soros Fund Management LLC acquired a new position in shares of TeraWulf during the fourth quarter valued at about $8,632,000. Wellington Management Group LLP increased its holdings in shares of TeraWulf by 1,760.0% during the fourth quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company's stock valued at $6,671,000 after acquiring an additional 1,115,228 shares in the last quarter. GoalVest Advisory LLC acquired a new position in shares of TeraWulf during the fourth quarter valued at about $651,000. Finally, Barclays PLC increased its holdings in shares of TeraWulf by 419.7% during the third quarter. Barclays PLC now owns 424,748 shares of the company's stock valued at $1,989,000 after acquiring an additional 343,016 shares in the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jones Trading assumed coverage on shares of TeraWulf in a report on Monday, March 31st. They issued a "buy" rating and a $4.00 price target on the stock. Rosenblatt Securities lowered their price objective on TeraWulf from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. 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 company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $7.86.

TeraWulf Price Performance

Shares of NASDAQ WULF traded up $0.37 during trading on Friday, hitting $3.89. 41,474,544 shares of the company were exchanged, compared to its average volume of 29,756,186. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -11.79 and a beta of 3.00. TeraWulf Inc. has a 1 year low of $1.91 and a 1 year high of $9.30. The firm's fifty day moving average price is $2.92 and its 200 day moving average price is $4.88.

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

TeraWulf Company 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.