CW Advisors LLC Purchases Shares of 52,000 TeraWulf Inc. $WULF

Key Points

• CW Advisors LLC has purchased a new position in TeraWulf Inc., acquiring 52,000 shares valued at approximately $142,000.
• Several institutional investors, including Vanguard Group and Driehaus Capital Management, have increased their stakes in TeraWulf, with institutional ownership now at 62.49%.
• TeraWulf recently reported a quarterly revenue of $47.64 million, exceeding analysts' expectations despite a loss of $0.05 per share.

CW Advisors LLC purchased a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,000 shares of the company's stock, valued at approximately $142,000.

Several other hedge funds also recently added to or reduced their stakes in WULF. Calamos Advisors LLC purchased a new stake in TeraWulf in the first quarter valued at $33,000. Platform Technology Partners acquired a new position in shares of TeraWulf in the first quarter worth about $39,000. Kraematon Investment Advisors Inc. acquired a new position in shares of TeraWulf in the first quarter worth about $42,000. Regatta Capital Group LLC acquired a new position in shares of TeraWulf in the first quarter worth about $42,000. Finally, CoreCap Advisors LLC raised its position in shares of TeraWulf by 67.9% in the fourth quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock worth $43,000 after acquiring an additional 3,054 shares during the period. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Price Performance

NASDAQ WULF traded up $0.01 during trading hours on Monday, hitting $9.45. 35,622,346 shares of the company's stock traded hands, compared to its average volume of 66,003,916. TeraWulf Inc. has a 52-week low of $2.06 and a 52-week high of $10.71. The company has a market capitalization of $3.86 billion, a PE ratio of -27.00 and a beta of 3.36. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66. The firm's 50-day moving average is $6.05 and its 200-day moving average is $4.32.

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

Insider Buying and Selling

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of TeraWulf stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $8.64, for a total transaction of $39,744.00. Following the transaction, the director directly owned 40,769 shares of the company's stock, valued at $352,244.16. The trade was a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 16.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on WULF. B. Riley upped their price objective on shares of TeraWulf from $8.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Northland Securities upped their price objective on shares of TeraWulf from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. Rosenblatt Securities upped their price objective on shares of TeraWulf from $10.50 to $12.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Citizens Jmp upgraded shares of TeraWulf to a "strong-buy" rating and set a $7.00 price target for the company in a research report on Thursday, May 22nd. Finally, Cantor Fitzgerald upped their price target on shares of TeraWulf from $11.00 to $14.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, TeraWulf has a consensus rating of "Buy" and an average target price of $11.22.

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.