GSA Capital Partners LLP Acquires New Holdings in TeraWulf Inc. $WULF

GSA Capital Partners LLP bought a new position in TeraWulf Inc. (NASDAQ:WULF - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 80,567 shares of the company's stock, valued at approximately $1,990,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of TeraWulf by 37.4% in the fourth quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company's stock valued at $386,558,000 after purchasing an additional 9,162,958 shares during the period. Bank of America Corp DE boosted its holdings in shares of TeraWulf by 22.2% during the 2nd quarter. Bank of America Corp DE now owns 14,392,299 shares of the company's stock worth $63,038,000 after buying an additional 2,617,617 shares during the period. Morgan Stanley boosted its holdings in shares of 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. Geode Capital Management LLC grew 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 valued at $96,274,000 after buying an additional 318,842 shares during the last quarter. Finally, State Street Corp grew its stake in TeraWulf by 4.2% in the 4th quarter. State Street Corp now owns 7,349,508 shares of the company's stock valued at $84,446,000 after buying an additional 298,645 shares during the last quarter. Institutional investors own 62.49% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Northland Securities set a $30.00 target price on shares of TeraWulf in a report on Monday, May 4th. B. Riley Financial raised their price target on TeraWulf from $32.00 to $40.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $30.00 price target on shares of TeraWulf in a research report on Thursday, August 6th. Zacks Research upgraded TeraWulf from a "strong sell" rating to a "hold" rating in a research note on Friday, August 7th. Finally, Compass Point set a $40.00 price objective on TeraWulf in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.21.

TeraWulf Price Performance

Shares of WULF stock opened at $17.38 on Monday. TeraWulf Inc. has a one year low of $8.14 and a one year high of $29.84. The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a fifty day moving average price of $21.66 and a 200 day moving average price of $19.60. The stock has a market cap of $8.67 billion, a P/E ratio of -3.98 and a beta of 3.76.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $44.77 million during the quarter, compared to the consensus estimate of $46.00 million. During the same period last year, the firm earned ($0.05) EPS. The company's quarterly revenue was down 6.0% compared to the same quarter last year. Analysts predict that TeraWulf Inc. will post -0.94 earnings per share for the current year.

Insiders Place Their Bets

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

TeraWulf 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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