648,460 Shares in TeraWulf Inc. $WULF Purchased 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 acquired a new position 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 and Exchange Commission (SEC). The fund acquired 648,460 shares of the company's stock, valued at approximately $1,770,000. Nuveen LLC owned approximately 0.17% of TeraWulf as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in TeraWulf by 2.3% during the first quarter. Vanguard Group Inc. now owns 23,880,134 shares of the company's stock worth $65,193,000 after buying an additional 534,315 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in TeraWulf by 3.4% during the fourth quarter. Driehaus Capital Management LLC now owns 12,733,291 shares of the company's stock worth $72,070,000 after buying an additional 412,877 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in TeraWulf by 21.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company's stock worth $30,387,000 after buying an additional 955,795 shares during the last quarter. Northern Trust Corp increased its holdings in TeraWulf by 15.6% during the fourth quarter. Northern Trust Corp now owns 2,603,141 shares of the company's stock worth $14,734,000 after buying an additional 352,202 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in TeraWulf by 34.7% during the fourth quarter. Vident Advisory LLC now owns 2,048,076 shares of the company's stock worth $11,592,000 after buying an additional 527,662 shares during the last quarter. Institutional investors own 62.49% of the company's stock.

Insider Activity at TeraWulf

In related news, Director Amanda Fabiano sold 4,600 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $8.64, for a total value of $39,744.00. Following the transaction, the director directly owned 40,769 shares in the company, valued at approximately $352,244.16. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 24.88% of the company's stock.

TeraWulf Stock Performance

Shares of WULF stock traded down $0.11 on Thursday, hitting $8.87. The company's stock had a trading volume of 28,177,040 shares, compared to its average volume of 65,669,812. 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 stock's 50 day moving average is $6.36 and its 200-day moving average is $4.42. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $10.71. The company has a market capitalization of $3.62 billion, a PE ratio of -25.34 and a beta of 3.36.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate 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 business had revenue of $47.64 million during the quarter, compared to analyst estimates of $46.30 million. During the same quarter last year, the company posted ($0.03) earnings per share. The company's revenue was up 33.9% on a year-over-year basis. Equities research analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on WULF. Northland Securities boosted their target price on shares of TeraWulf from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. Roth Capital boosted their target price on shares of TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a report on Friday, August 15th. Citizens Jmp upgraded shares of TeraWulf to a "strong-buy" rating and set a $7.00 target price on the stock in a report on Thursday, May 22nd. Cantor Fitzgerald boosted their target price on shares of TeraWulf from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Finally, Rosenblatt Securities upped their price objective on shares of TeraWulf from $10.50 to $12.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Two research 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. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $11.22.

TeraWulf Company 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.