87,605 Shares in TeraWulf Inc. $WULF Bought by Silvant Capital Management LLC

Key Points

• Silvant Capital Management initiated a TeraWulf position by purchasing 87,605 shares valued at approximately $2.16 million. Institutional investors and hedge funds collectively own 62.49% of WULF.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $34.21 price target, despite one sell rating and some target-price revisions.
• TeraWulf reported a significant quarterly loss of $1.94 per share, missing estimates by $1.70, while revenue declined 6% year over year to $44.77 million. The CEO also sold shares, while a director made a modest $50,000 purchase.

Silvant Capital Management LLC purchased a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 87,605 shares of the company's stock, valued at approximately $2,164,000.

A number of other hedge funds have also modified their holdings of WULF. Vanguard Group Inc. boosted its position in TeraWulf by 37.4% in the 4th quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company's stock valued at $386,558,000 after buying an additional 9,162,958 shares during the last quarter. BlackRock Inc. bought a new position in shares of TeraWulf during the second quarter worth $577,805,000. Bank of America Corp DE grew its stake in TeraWulf by 22.2% in the second quarter. Bank of America Corp DE now owns 14,392,299 shares of the company's stock valued at $63,038,000 after acquiring an additional 2,617,617 shares during the period. Morgan Stanley raised its holdings in TeraWulf by 8.1% during the 4th quarter. Morgan Stanley now owns 9,641,209 shares of the company's stock worth $110,778,000 after buying an additional 724,286 shares during the period. Finally, Geode Capital Management LLC boosted its stake in TeraWulf by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 8,377,589 shares of the company's stock worth $96,274,000 after purchasing an additional 318,842 shares during the period. 62.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WULF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of TeraWulf from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. Compass Point set a $40.00 price target on TeraWulf in a research report on Monday, July 6th. Cantor Fitzgerald reissued an "overweight" rating and issued a $37.00 price objective on shares of TeraWulf in a research note on Wednesday, July 15th. B. Riley Financial lifted their price target on shares of TeraWulf from $32.00 to $40.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of TeraWulf in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, TeraWulf currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.21.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $16.45 on Friday. The stock has a market cap of $8.21 billion, a P/E ratio of -3.76 and a beta of 3.76. TeraWulf Inc. has a 12 month low of $8.60 and a 12 month high of $29.84. The company has a 50 day moving average of $20.97 and a 200 day moving average of $19.65. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 27.25.

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

Insider Buying and Selling

In other TeraWulf news, CEO Paul B. Prager sold 166,650 shares of TeraWulf stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $24.43, for a total value of $4,071,259.50. Following the completion of the transaction, the chief executive officer directly owned 4,249,202 shares of the company's stock, valued at approximately $103,808,004.86. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael C. Bucella bought 3,023 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $16.54 per share, for a total transaction of $50,000.42. Following the acquisition, the director directly owned 341,844 shares of the company's stock, valued at $5,654,099.76. The trade was a 0.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 15.90% of the stock is owned by company 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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