TeraWulf Inc. (NASDAQ:WULF) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 27.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 333,064 shares of the company's stock after selling 124,843 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.09% of TeraWulf worth $1,885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WULF. Driehaus Capital Management LLC raised its stake in TeraWulf by 3.4% in the fourth quarter. Driehaus Capital Management LLC now owns 12,733,291 shares of the company's stock worth $72,070,000 after buying an additional 412,877 shares in the last quarter. Geode Capital Management LLC raised its stake in TeraWulf by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 7,636,552 shares of the company's stock worth $43,232,000 after buying an additional 453,429 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in TeraWulf by 21.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company's stock worth $30,387,000 after buying an additional 955,795 shares in the last quarter. Van ECK Associates Corp raised its stake in TeraWulf by 74.2% in the fourth quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company's stock worth $26,964,000 after buying an additional 2,028,383 shares in the last quarter. Finally, Senator Investment Group LP bought a new position in TeraWulf in the fourth quarter worth about $24,371,000. 62.49% of the stock is owned by institutional investors.

TeraWulf Price Performance

NASDAQ:WULF traded down $0.17 during trading hours on Wednesday, hitting $3.66. 32,589,878 shares of the company were exchanged, compared to its average volume of 29,504,246. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -11.09 and a beta of 3.00. TeraWulf Inc. has a 52-week low of $1.91 and a 52-week high of $9.30. The company's 50 day moving average price is $2.90 and its 200-day moving average price is $4.95.

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). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The business had revenue of $34.41 million during the quarter, compared to analysts' expectations of $45.72 million. The firm's quarterly revenue was down 18.9% on a year-over-year basis. On average, equities analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

WULF has been the topic of a number of recent research reports. Rosenblatt Securities cut their price objective on shares of TeraWulf from $4.50 to $4.00 and set a "buy" rating on the stock in a report on Monday. Jones Trading started coverage on shares of TeraWulf in a research report on Monday, March 31st. They set a "buy" rating and a $4.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $7.86.

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.