Legato Capital Management LLC Acquires New Position in TeraWulf Inc. $WULF

Key Points

• Legato Capital Management opened a new position in TeraWulf, buying 40,041 shares worth about $460,000 in the fourth quarter.
• Institutional interest remains strong, with hedge funds owning 62.49% of the stock and major firms like Vanguard and Oppenheimer increasing their stakes.
• Analysts are mostly bullish on TeraWulf: 13 analysts rate it a Buy, and the average price target stands at $28.95, above the recent trading price.

Legato Capital Management LLC acquired a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 40,041 shares of the company's stock, valued at approximately $460,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of TeraWulf by 37.4% in the 4th 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 last quarter. Oppenheimer & Co. Inc. raised its position in shares of TeraWulf by 45.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 140,101 shares of the company's stock valued at $1,610,000 after purchasing an additional 43,574 shares during the last quarter. Pictet Asset Management Holding SA raised its position in shares of TeraWulf by 178.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 151,005 shares of the company's stock valued at $1,735,000 after purchasing an additional 96,843 shares during the last quarter. First Dallas Securities Inc. increased its holdings in TeraWulf by 99.2% in the 3rd quarter. First Dallas Securities Inc. now owns 264,000 shares of the company's stock worth $3,015,000 after buying an additional 131,500 shares during the period. Finally, Quantbot Technologies LP acquired a new position in TeraWulf in the 3rd quarter worth approximately $3,350,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TeraWulf

In other news, CEO Paul B. Prager sold 79,200 shares of the firm's stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $20.62, for a total transaction of $1,633,104.00. Following the sale, the chief executive officer owned 884,320 shares of the company's stock, valued at $18,234,678.40. This trade represents a 8.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Patrick Fleury sold 26,414 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $16.14, for a total transaction of $426,321.96. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have bought 13,094 shares of company stock valued at $200,392 and have sold 954,200 shares valued at $16,390,854. Corporate insiders own 15.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of TeraWulf in a report on Thursday, May 14th. They issued a "buy" rating and a $28.00 price target on the stock. Roth Mkm reiterated a "buy" rating and issued a $32.00 price target on shares of TeraWulf in a report on Friday, April 17th. Citigroup reiterated an "outperform" rating on shares of TeraWulf in a report on Thursday, May 7th. Needham & Company LLC increased their price target on shares of TeraWulf from $22.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, May 11th. Finally, B. Riley Financial increased their price target on shares of TeraWulf from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $28.95.

TeraWulf Price Performance

Shares of NASDAQ WULF opened at $26.74 on Thursday. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of -10.78 and a beta of 3.84. TeraWulf Inc. has a 12 month low of $3.39 and a 12 month high of $26.86. The firm's 50 day simple moving average is $19.69 and its 200-day simple moving average is $16.01. The company has a debt-to-equity ratio of 33.00, a current ratio of 1.20 and a quick ratio of 1.20.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported ($1.01) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.82). The firm had revenue of $34.01 million for the quarter, compared to analyst estimates of $34.69 million. TeraWulf had a negative return on equity of 305.07% and a negative net margin of 611.46%.TeraWulf's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.16) EPS. Analysts expect that TeraWulf Inc. will post -0.64 EPS for the current year.

Key Headlines Impacting TeraWulf

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf acquired a hyperscale Kentucky site with more than 1 GW of potential capacity, strengthening its position in the AI infrastructure build-out. Article Title
• Positive Sentiment: The company also secured utility and transmission agreements that could help it bypass long U.S. data-center power delays, which is seen as a competitive advantage. Article Title
• Positive Sentiment: Management says demand for AI infrastructure and electricity is strong, reinforcing the view that TeraWulf’s power assets could become increasingly valuable. Article Title
• Positive Sentiment: Analysts and market commentary note that the company’s first-quarter HPC lease revenue showed the AI-hosting strategy is already generating some income, not just future promise. Article Title

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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