648,460 Shares in TeraWulf Inc. $WULF Acquired by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new position in TeraWulf Inc. by purchasing 648,460 shares valued at approximately $1.77 million, representing about 0.17% ownership of the company.
• Several other institutional investors have also made investments in TeraWulf, with a cumulative 62.49% of the stock now owned by hedge funds and institutions.
• TeraWulf's stock performance has shown significant volatility, with a 1-year low of $2.06 and a high of $10.71; the latest earnings report indicated a revenue increase of 33.9% year-over-year but a negative net margin of 91.42%.

Nuveen LLC bought a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 648,460 shares of the company's stock, valued at approximately $1,770,000. Nuveen LLC owned 0.17% of TeraWulf as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. CoreCap Advisors LLC raised its stake 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 buying an additional 3,054 shares during the period. Calamos Advisors LLC purchased a new position in TeraWulf during the 1st quarter valued at approximately $33,000. Forum Financial Management LP purchased a new position in TeraWulf during the 4th quarter valued at approximately $68,000. Rafferty Asset Management LLC purchased a new position in shares of TeraWulf in the 4th quarter worth approximately $69,000. Finally, Crestline Management LP purchased a new position in shares of TeraWulf in the 4th quarter worth approximately $76,000. Institutional investors own 62.49% of the company's stock.

TeraWulf Price Performance

NASDAQ WULF traded up $0.01 during trading hours on Monday, reaching $9.45. The company's stock had a trading volume of 35,622,346 shares, compared to its average volume of 66,003,916. TeraWulf Inc. has a 1-year low of $2.06 and a 1-year high of $10.71. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.66 and a current ratio of 0.66. The company's 50-day moving average is $5.93 and its two-hundred day moving average is $4.29.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced 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 net margin of 91.42% and a negative return on equity of 54.98%. The firm had revenue of $47.64 million for the quarter, compared to analyst estimates of $46.30 million. During the same period in the previous year, the company earned ($0.03) EPS. TeraWulf's revenue was up 33.9% compared to the same quarter last year. On average, sell-side analysts anticipate that TeraWulf Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WULF shares. JMP Securities lifted their target price on TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a report on Friday, August 15th. Cantor Fitzgerald lifted their target price on TeraWulf from $11.00 to $14.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Northland Securities lifted their price target on TeraWulf from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, August 26th. Roth Capital lifted their price target on TeraWulf from $7.00 to $12.50 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Wall Street Zen downgraded TeraWulf from a "hold" rating to a "sell" rating in a research note on Sunday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $11.22.

Insider Activity

In other news, Director Amanda Fabiano sold 4,600 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $8.64, for a total value of $39,744.00. Following the completion of the sale, the director directly owned 40,769 shares in the company, valued at $352,244.16. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.48% of the stock is owned by company insiders.

TeraWulf Profile

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.