Beryl Capital Management LLC Purchases New Holdings in TeraWulf Inc. $WULF

Key Points

• Beryl Capital Management LLC has made a new investment of approximately $692,000 in TeraWulf Inc., acquiring 253,430 shares, which constitutes 0.3% of its portfolio.
• Institutional investors hold 62.49% of TeraWulf's stock, with significant investments from Cubist Systematic Strategies LLC and SRN Advisors LLC, indicating a growing interest in the company.
• TeraWulf's stock has received positive price target revisions from several analysts, with Northland Securities increasing their target from $12.00 to $15.00 and multiple firms rating it as a "Buy."

Beryl Capital Management LLC bought a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 253,430 shares of the company's stock, valued at approximately $692,000. TeraWulf comprises about 0.3% of Beryl Capital Management LLC's portfolio, making the stock its 11th biggest position. Beryl Capital Management LLC owned 0.07% of TeraWulf as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in WULF. Calamos Advisors LLC bought a new position in shares of TeraWulf during the first quarter valued at about $33,000. Comerica Bank grew its stake 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 buying an additional 12,370 shares during the last quarter. Platform Technology Partners bought a new position in shares of TeraWulf during the first quarter valued at about $39,000. Kraematon Investment Advisors Inc. purchased a new stake in shares of TeraWulf during the first quarter worth about $42,000. Finally, Regatta Capital Group LLC purchased a new stake in shares of TeraWulf during the first quarter worth about $42,000. Institutional investors own 62.49% of the company's stock.

TeraWulf Stock Performance

Shares of NASDAQ WULF traded up $0.26 during midday trading on Friday, hitting $9.13. 26,927,691 shares of the stock traded hands, compared to its average volume of 65,318,880. The firm has a market capitalization of $3.72 billion, a P/E ratio of -26.09 and a beta of 3.36. TeraWulf Inc. has a one year low of $2.06 and a one year high of $10.71. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a 50-day moving average of $6.45 and a two-hundred day moving average of $4.45.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WULF shares. B. Riley increased their target price on shares of TeraWulf from $8.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Northland Securities raised their price objective on shares of TeraWulf from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. Rosenblatt Securities raised their price objective on shares of TeraWulf from $10.50 to $12.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. JMP Securities raised their price objective on shares of TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a report on Friday, August 15th. Finally, Roth Capital raised their price objective on shares of TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a report on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $11.22.

Insider Buying and Selling

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $8.64, for a total value of $39,744.00. Following the sale, the director owned 40,769 shares in the company, valued at $352,244.16. The trade was a 10.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 24.88% of the stock is currently owned by insiders.

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.