713,772 Shares in TeraWulf Inc. $WULF Purchased by RR Advisors LLC

Key Points

• RR Advisors LLC acquired 713,772 TeraWulf shares worth approximately $17.63 million, making WULF about 5.1% of its portfolio and its eighth-largest holding. Institutional investors collectively own 62.49% of the company.
• TeraWulf reported a significant quarterly earnings miss, posting a loss of $1.94 per share versus the $0.24 consensus estimate, while revenue fell 6% year over year to $44.77 million.
• Despite mixed results and a share price of $15.64, analysts maintain a “Moderate Buy” consensus with an average price target of $34.21. The company’s CEO sold shares under a 10b5-1 plan, while a director made a small purchase.

RR Advisors LLC acquired a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 713,772 shares of the company's stock, valued at approximately $17,630,000. TeraWulf comprises about 5.1% of RR Advisors LLC's investment portfolio, making the stock its 8th biggest holding. RR Advisors LLC owned about 0.14% of TeraWulf at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in shares of TeraWulf during the third quarter valued at approximately $29,000. Vermillion Wealth Management Inc. grew its stake in shares of TeraWulf by 1,191.0% in the fourth quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company's stock worth $30,000 after purchasing an additional 2,394 shares in the last quarter. Solstein Capital LLC acquired a new position in shares of TeraWulf during the fourth quarter valued at $34,000. Comerica Bank increased its holdings in shares of TeraWulf by 3,748.5% during the first quarter. Comerica Bank now owns 12,700 shares of the company's stock valued at $35,000 after purchasing an additional 12,370 shares during the period. Finally, CoreCap Advisors LLC raised its stake in shares of TeraWulf by 106.7% during the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company's stock valued at $36,000 after purchasing an additional 747 shares in the last quarter. Institutional investors own 62.49% of the company's stock.

TeraWulf Price Performance

WULF opened at $15.64 on Monday. The company has a debt-to-equity ratio of 27.25, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $7.80 billion, a PE ratio of -3.58 and a beta of 3.76. The stock's fifty day moving average is $20.76 and its 200-day moving average is $19.67. TeraWulf Inc. has a one year low of $8.60 and a one year high of $29.84.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($1.70). The firm had revenue of $44.77 million for the quarter, compared to the consensus estimate of $46.00 million. TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The company's quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) EPS. On average, equities analysts predict that TeraWulf Inc. will post -0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WULF. Lucid Cap Mkts raised shares of TeraWulf to a "strong-buy" rating in a report on Wednesday, May 27th. Weiss Ratings restated a "sell (d-)" rating on shares of TeraWulf in a research report on Wednesday, June 24th. Sanford C. Bernstein initiated coverage on shares of TeraWulf in a research report on Wednesday, June 3rd. They set an "outperform" rating and a $46.00 price target on the stock. Zacks Research raised shares of TeraWulf from a "strong sell" rating to a "hold" rating in a research note on Friday, August 7th. Finally, Northland Securities set a $30.00 price objective on shares of TeraWulf in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $34.21.

Insider Transactions at TeraWulf

In related news, CEO Paul B. Prager sold 137,500 shares of the business's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $26.60, for a total value of $3,657,500.00. Following the sale, the chief executive officer directly owned 3,945,052 shares in the company, valued at $104,938,383.20. The trade was a 3.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael C. Bucella bought 2,860 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average price of $17.47 per share, for a total transaction of $49,964.20. Following the completion of the acquisition, the director directly owned 344,704 shares in the company, valued at approximately $6,021,978.88. This represents a 0.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 15.90% of the stock is currently owned by corporate insiders.

TeraWulf Company Profile

TeraWulf, Inc NASDAQ: WULF is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.

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