Cetera Investment Advisers Sells 37,558 Shares of TeraWulf Inc. $WULF

Key Points

• Cetera Investment Advisers has reduced its stake in TeraWulf Inc. by 37.4%, now holding shares worth $171,000 after selling 37,558 shares in the 1st quarter.
• Insider activity was noted as Director Amanda Fabiano sold 4,600 shares of TeraWulf stock, leading to a 10.14% decrease in her ownership.
• TeraWulf reported a negative EPS of ($0.05) for the recent quarter, missing estimates, but saw a 33.9% increase in revenue year-over-year.

Cetera Investment Advisers trimmed its position in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 37.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,808 shares of the company's stock after selling 37,558 shares during the quarter. Cetera Investment Advisers' holdings in TeraWulf were worth $171,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC raised its position in TeraWulf by 18.5% during the first quarter. Apollon Wealth Management LLC now owns 31,532 shares of the company's stock worth $86,000 after acquiring an additional 4,920 shares during the period. Florida Financial Advisors LLC increased its position in shares of TeraWulf by 65.1% in the 1st quarter. Florida Financial Advisors LLC now owns 21,280 shares of the company's stock valued at $58,000 after purchasing an additional 8,392 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of TeraWulf by 30.5% in the 1st quarter. New York State Common Retirement Fund now owns 82,499 shares of the company's stock valued at $225,000 after buying an additional 19,300 shares during the last quarter. Platform Technology Partners purchased a new position in TeraWulf during the 1st quarter worth $39,000. Finally, M&T Bank Corp acquired a new position in shares of TeraWulf in the first quarter valued at approximately $76,000. 62.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the 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 completion of the sale, the director directly owned 40,769 shares of the company's stock, valued at $352,244.16. This represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.48% of the stock is currently owned by corporate insiders.

TeraWulf Stock Up 1.7%

NASDAQ:WULF traded up $0.16 during trading hours on Wednesday, hitting $9.40. 18,965,105 shares of the company's stock traded hands, compared to its average volume of 45,969,375. 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 market cap of $3.68 billion, a P/E ratio of -26.82 and a beta of 3.17. The stock's fifty day moving average price is $5.60 and its two-hundred day moving average price is $4.20. TeraWulf Inc. has a twelve month low of $2.06 and a twelve month high of $10.71.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on WULF shares. Wall Street Zen lowered shares of TeraWulf from a "hold" rating to a "sell" rating in a research report on Sunday. Citizens Jmp raised TeraWulf to a "strong-buy" rating and set a $7.00 price objective for the company in a research report on Thursday, May 22nd. Rosenblatt Securities lifted their target price on TeraWulf from $10.50 to $12.00 and gave the company a "buy" rating in a report on Friday, August 22nd. JMP Securities boosted their price objective on TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a research note on Friday, August 15th. Finally, Cantor Fitzgerald raised their target price on TeraWulf from $11.00 to $14.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Two equities research 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 company. Based on data from MarketBeat.com, TeraWulf presently has an average rating of "Buy" and an average target price of $11.22.

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.