Quantbot Technologies LP Buys Shares of 1,356,070 TeraWulf Inc. $WULF

Key Points

• Quantbot Technologies LP acquired a new stake in TeraWulf Inc., buying 1,356,070 shares valued at approximately $3.7 million, representing about 0.35% of the company.
• Various institutional investors have also recently established positions in TeraWulf, contributing to a total of 62.49% of the company's stock now owned by institutional entities.
• TeraWulf reported earnings of ($0.05) per share, missing the consensus estimate by $0.01, but had a 33.9% year-over-year increase in revenue for the quarter.

Quantbot Technologies LP bought a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,356,070 shares of the company's stock, valued at approximately $3,702,000. Quantbot Technologies LP owned about 0.35% of TeraWulf at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WULF. Calamos Advisors LLC purchased a new position in TeraWulf in the first quarter valued at about $33,000. Platform Technology Partners purchased a new stake in shares of TeraWulf during the first quarter worth about $39,000. Kraematon Investment Advisors Inc. purchased a new stake in shares of TeraWulf during the first quarter worth about $42,000. Regatta Capital Group LLC purchased a new stake in shares of TeraWulf during the first quarter worth about $42,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of TeraWulf by 67.9% during the fourth quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock worth $43,000 after purchasing an additional 3,054 shares during the period. Hedge funds and other institutional investors own 62.49% of the company's stock.

TeraWulf Price Performance

Shares of WULF stock traded down $0.03 during trading hours on Friday, hitting $9.16. 72,284,705 shares of the company's stock were exchanged, compared to its average volume of 62,893,216. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.96. The firm has a market cap of $3.59 billion, a P/E ratio of -26.17 and a beta of 3.17. The firm has a 50 day moving average of $5.40 and a two-hundred day moving average of $4.15. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $10.71.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued 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 return on equity of 54.98% and a negative net margin of 91.42%.The firm had revenue of $47.64 million for the quarter, compared to analysts' expectations of $46.30 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The firm's revenue for the quarter was up 33.9% compared to the same quarter last year. Sell-side analysts forecast that TeraWulf Inc. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. 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. Roth Capital lifted their target price on TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a report on Friday, August 15th. Wall Street Zen raised TeraWulf from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. Cantor Fitzgerald boosted their price target on TeraWulf from $11.00 to $14.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Finally, Northland Securities set a $12.00 price target on TeraWulf in a report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $10.89.

Insider Transactions at TeraWulf

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the company's stock in a transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 24.88% of the stock is currently owned by insiders.

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.