Handelsbanken Fonder AB Purchases Shares of 84,400 TeraWulf Inc. $WULF

Key Points

• Handelsbanken Fonder AB opened a new position in TeraWulf during the fourth quarter, buying 84,400 shares valued at about $970,000.
• Other institutional investors have also been active in WULF, and hedge funds and institutions now own 62.49% of the company’s stock.
• Analysts remain broadly upbeat on TeraWulf, with 13 Buy ratings and a consensus rating of “Moderate Buy”, even as the company reported a wider-than-expected quarterly loss and recently saw notable insider selling.

Handelsbanken Fonder AB purchased a new stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 84,400 shares of the company's stock, valued at approximately $970,000.

Several other large investors have also added to or reduced their stakes in WULF. Comerica Bank grew its stake in TeraWulf by 3,748.5% during the 1st quarter. Comerica Bank now owns 12,700 shares of the company's stock valued at $35,000 after purchasing an additional 12,370 shares during the last quarter. Millennium Management LLC grew its stake in TeraWulf by 47.8% during the 1st quarter. Millennium Management LLC now owns 2,456,045 shares of the company's stock valued at $6,705,000 after purchasing an additional 793,832 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in TeraWulf by 5.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 41,375 shares of the company's stock valued at $181,000 after purchasing an additional 2,258 shares during the last quarter. Creative Planning grew its stake in TeraWulf by 232.2% during the 2nd quarter. Creative Planning now owns 47,665 shares of the company's stock valued at $209,000 after purchasing an additional 33,317 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in TeraWulf by 10.6% during the 2nd quarter. Franklin Resources Inc. now owns 56,684 shares of the company's stock valued at $248,000 after purchasing an additional 5,432 shares during the last quarter. Hedge funds and other institutional investors own 62.49% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Roth Mkm reiterated a "buy" rating and set a $32.00 price target on shares of TeraWulf in a research note on Friday, April 17th. Rosenblatt Securities reissued a "buy" rating and issued a $27.00 price objective on shares of TeraWulf in a report on Monday, May 11th. Oppenheimer boosted their price objective on TeraWulf from $20.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, April 20th. Morgan Stanley boosted their price objective on TeraWulf to $42.00 and gave the company an "overweight" rating in a report on Tuesday, May 19th. Finally, Citigroup reissued an "outperform" rating on shares of TeraWulf in a report on Thursday, May 7th. Thirteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.59.

Insider Buying and Selling

In related news, CFO Patrick Fleury sold 573,586 shares of the company's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $16.14, for a total value of $9,257,678.04. Following the completion of the transaction, the chief financial officer owned 3,205,000 shares of the company's stock, valued at approximately $51,728,700. This represents a 15.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Paul B. Prager sold 137,500 shares of the company's stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $20.80, for a total value of $2,860,000.00. Following the completion of the transaction, the chief executive officer directly owned 963,520 shares of the company's stock, valued at $20,041,216. The trade was a 12.49% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 13,094 shares of company stock valued at $200,392 and sold 954,200 shares valued at $16,390,854. 15.90% of the stock is currently owned by insiders.

TeraWulf Stock Performance

Shares of WULF stock opened at $25.18 on Wednesday. The stock has a market cap of $12.48 billion, a PE ratio of -10.15 and a beta of 3.84. The business has a 50-day simple moving average of $19.48 and a 200-day simple moving average of $15.92. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 33.00. TeraWulf Inc. has a 52-week low of $3.39 and a 52-week high of $25.93.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.82). The company had revenue of $34.01 million during the quarter, compared to analyst estimates of $34.69 million. TeraWulf had a negative net margin of 611.46% and a negative return on equity of 305.07%. The business's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.16) EPS. On average, equities analysts expect that TeraWulf Inc. will post -0.53 EPS for the current year.

Key TeraWulf News

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf announced it acquired the 1+ GW Muskie Data Campus in Eastern Kentucky, a hyperscale HPC site that could significantly expand its infrastructure platform and support future AI computing demand. TeraWulf Expands Infrastructure Platform with Acquisition of 1+ GW Eastern Kentucky HPC Campus
• Positive Sentiment: Multiple reports highlighted that the Kentucky deal is fueling a sharp rally in the stock, with coverage framing the acquisition as a major AI data center expansion and a key reason for the shares moving up today. TeraWulf Shares Gain on Acquisition of Data Center Site
• Neutral Sentiment: Unusual options activity added to trading interest, with call volume far above normal, suggesting investors are positioning for continued upside, though this is more a trading signal than a fundamental update.
• Neutral Sentiment: Coverage of TeraWulf’s Lake Mariner campus as a prototype for converting a retired coal plant into an AI factory underscores the company’s strategic pivot, but it mainly reinforces the existing growth narrative rather than adding new financial detail. TeraWulf’s Lake Mariner Campus: How a Retired Coal Plant Became an AI Factory Prototype
• Negative Sentiment: No major negative company-specific news was reported in the provided articles; investor focus remains on the potential upside from the Kentucky acquisition and broader AI infrastructure demand.

About TeraWulf

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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