1,356,070 Shares in TeraWulf Inc. $WULF Purchased by Quantbot Technologies LP

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 first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,356,070 shares of the company's stock, valued at approximately $3,702,000. Quantbot Technologies LP owned approximately 0.35% of TeraWulf at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CoreCap Advisors LLC boosted its position in TeraWulf by 67.9% in the fourth quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock valued at $43,000 after buying an additional 3,054 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of TeraWulf by 4.8% during the fourth quarter. Voya Investment Management LLC now owns 78,815 shares of the company's stock worth $446,000 after purchasing an additional 3,628 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of TeraWulf by 18.5% during the first quarter. Apollon Wealth Management LLC now owns 31,532 shares of the company's stock worth $86,000 after purchasing an additional 4,920 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of TeraWulf by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 27,993 shares of the company's stock worth $158,000 after purchasing an additional 5,445 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of TeraWulf by 6.2% during the first quarter. SG Americas Securities LLC now owns 130,322 shares of the company's stock worth $356,000 after purchasing an additional 7,597 shares during the period. Institutional investors and hedge funds own 62.49% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of TeraWulf from a "hold" rating to a "sell" rating in a report on Sunday. JMP Securities lifted their price target on shares of 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 price target on shares of TeraWulf from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Roth Capital lifted their price target on shares of TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a report on Friday, August 15th. Finally, Northland Securities set a $12.00 price target on shares of TeraWulf in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $10.89.

Insider Activity

In other news, Director Amanda Fabiano sold 4,600 shares of TeraWulf stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $8.64, for a total transaction of $39,744.00. Following the completion of the transaction, the director directly owned 40,769 shares in the company, valued at $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.48% of the stock is owned by corporate insiders.

TeraWulf Stock Down 3.3%

WULF traded down $0.3060 during midday trading on Monday, hitting $8.8540. The company had a trading volume of 15,793,791 shares, compared to its average volume of 46,037,117. TeraWulf Inc. has a 52 week low of $2.06 and a 52 week high of $10.71. 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 company has a market capitalization of $3.47 billion, a price-to-earnings ratio of -25.28 and a beta of 3.17. The stock's 50 day moving average price is $5.40 and its 200 day moving average price is $4.14.

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

About TeraWulf

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.