Pictet Asset Management Holding SA Acquires 96,843 Shares of TeraWulf Inc. $WULF

Key Points

• Pictet Asset Management Holding SA boosted its TeraWulf stake by 178.8% in Q4, buying an additional 96,843 shares to own 151,005 shares valued at about $1.735 million.
• Institutional investors own 62.49% of the stock while insiders hold 19.90%, with insiders selling 954,200 shares (~$16.39M) and buying 13,094 shares (~$200K) over the last quarter.
• Analysts are largely positive—12 Buy, 1 Hold and 1 Sell—giving a consensus rating of Moderate Buy and an average target price of $25.83.

Pictet Asset Management Holding SA lifted its holdings in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 178.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 151,005 shares of the company's stock after purchasing an additional 96,843 shares during the period. Pictet Asset Management Holding SA's holdings in TeraWulf were worth $1,735,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WULF. Thames Capital Management LLC increased its stake in TeraWulf by 27.7% during the third quarter. Thames Capital Management LLC now owns 1,449,091 shares of the company's stock worth $16,549,000 after acquiring an additional 314,402 shares during the last quarter. First Dallas Securities Inc. increased its stake in TeraWulf by 99.2% during the third quarter. First Dallas Securities Inc. now owns 264,000 shares of the company's stock worth $3,015,000 after acquiring an additional 131,500 shares during the last quarter. Quantbot Technologies LP bought a new stake in TeraWulf during the third quarter worth approximately $3,350,000. GSA Capital Partners LLP bought a new stake in TeraWulf during the third quarter worth approximately $885,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in TeraWulf during the third quarter worth approximately $1,138,000. Institutional investors own 62.49% of the company's stock.

TeraWulf Stock Up 4.6%

Shares of NASDAQ:WULF opened at $22.29 on Tuesday. The company has a debt-to-equity ratio of 33.00, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of $9.70 billion, a PE ratio of -13.67 and a beta of 3.84. The business has a 50 day simple moving average of $17.04 and a two-hundred day simple moving average of $14.94. TeraWulf Inc. has a 1 year low of $2.89 and a 1 year high of $22.63.

Analyst Ratings Changes

WULF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods dropped their target price on TeraWulf from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Wednesday, March 11th. Oppenheimer boosted their target price on TeraWulf from $20.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, April 20th. Weiss Ratings restated a "sell (d-)" rating on shares of TeraWulf in a research report on Friday, March 27th. Rosenblatt Securities restated a "buy" rating and set a $23.00 target price on shares of TeraWulf in a research report on Wednesday, April 15th. Finally, Needham & Company LLC restated a "buy" rating and set a $21.00 target price on shares of TeraWulf in a research report on Wednesday, April 15th. Twelve research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.83.

Insider Activity at TeraWulf

In other news, Director Michael C. Bucella purchased 1,665 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average price of $15.04 per share, for a total transaction of $25,041.60. Following the completion of the acquisition, the director owned 280,052 shares of the company's stock, valued at approximately $4,211,982.08. This trade represents a 0.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Patrick Fleury sold 26,414 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $16.14, for a total value of $426,321.96. The SEC filing for this sale provides additional information. Over the last quarter, insiders bought 13,094 shares of company stock worth $200,392 and sold 954,200 shares worth $16,390,854. 19.90% of the stock is owned by company insiders.

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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