Dimensional Fund Advisors LP Purchases New Stake in TeraWulf Inc. $WULF

Key Points

• Dimensional Fund Advisors purchased 103,353 TeraWulf shares valued at approximately $1.49 million, while institutional investors and hedge funds collectively own 62.49% of the company.
• TeraWulf’s latest quarterly results missed expectations, with a loss of $1.94 per share versus the $0.24 consensus estimate. Revenue fell 6% year over year to $44.77 million.
• Analysts remain generally optimistic, giving the stock a consensus “Moderate Buy” rating and an average price target of $34.21, despite CEO Paul Prager selling $3.66 million in shares under a pre-arranged trading plan.

Dimensional Fund Advisors LP purchased a new stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 103,353 shares of the company's stock, valued at approximately $1,491,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Comerica Bank lifted its holdings in TeraWulf by 3,748.5% during the 1st quarter. Comerica Bank now owns 12,700 shares of the company's stock worth $35,000 after purchasing an additional 12,370 shares during the last quarter. Millennium Management LLC boosted its stake in shares of TeraWulf by 47.8% in the first quarter. Millennium Management LLC now owns 2,456,045 shares of the company's stock valued at $6,705,000 after buying an additional 793,832 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of TeraWulf by 5.8% in the second quarter. Envestnet Asset Management Inc. now owns 41,375 shares of the company's stock valued at $181,000 after buying an additional 2,258 shares during the period. Creative Planning grew its position in TeraWulf by 232.2% during the second quarter. Creative Planning now owns 47,665 shares of the company's stock worth $209,000 after buying an additional 33,317 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in TeraWulf by 10.6% during the second quarter. Franklin Resources Inc. now owns 56,684 shares of the company's stock worth $248,000 after buying an additional 5,432 shares in the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Stock Up 6.6%

Shares of NASDAQ:WULF opened at $17.38 on Friday. The firm has a market cap of $8.67 billion, a P/E ratio of -3.98 and a beta of 3.76. The company has a quick ratio of 1.20, a current ratio of 0.75 and a debt-to-equity ratio of 27.25. TeraWulf Inc. has a 12-month low of $8.14 and a 12-month high of $29.84. The business has a fifty day simple moving average of $21.66 and a 200 day simple moving average of $19.56.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) 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 firm had revenue of $44.77 million during the quarter, compared to the consensus estimate of $46.00 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. Analysts predict that TeraWulf Inc. will post -1 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on WULF shares. Roth Capital reaffirmed a "buy" rating and issued a $32.00 price objective on shares of TeraWulf in a report on Friday, April 17th. Keefe, Bruyette & Woods reduced their target price on TeraWulf from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. Oppenheimer restated an "outperform" rating and issued a $35.00 price target on shares of TeraWulf in a research report on Wednesday, May 27th. Sanford C. Bernstein assumed coverage on TeraWulf in a research note on Wednesday, June 3rd. They issued an "outperform" rating and a $46.00 price target for the company. Finally, Bank of America started coverage on shares of TeraWulf in a research report on Monday, June 15th. They set a "buy" rating and a $34.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $34.21.

Insider Buying and Selling

In other TeraWulf news, CEO Paul B. Prager sold 137,500 shares of the company's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $26.60, for a total transaction of $3,657,500.00. Following the transaction, the chief executive officer owned 3,945,052 shares in the company, valued at approximately $104,938,383.20. This represents a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 15.90% of the company's stock.

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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