Quantbot Technologies LP Makes New $2.69 Million Investment in TeraWulf Inc. $WULF

Key Points

• Quantbot Technologies purchased 109,083 TeraWulf shares worth approximately $2.69 million during the second quarter. Institutional investors collectively own 62.49% of WULF’s outstanding stock.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $34.21, despite one sell rating.
• TeraWulf reported a significant quarterly loss of $1.94 per share, missing estimates by $1.70, while revenue declined 6% year over year to $44.77 million.

Quantbot Technologies LP purchased a new stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 109,083 shares of the company's stock, valued at approximately $2,694,000.

Several other institutional investors have also bought and sold shares of the business. Advisory Services Network LLC bought a new stake in shares of TeraWulf in the 3rd quarter valued at approximately $29,000. Vermillion Wealth Management Inc. increased its position in shares of TeraWulf by 1,191.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company's stock valued at $30,000 after purchasing an additional 2,394 shares during the last quarter. Solstein Capital LLC purchased a new stake in TeraWulf during the 4th quarter valued at $34,000. Comerica Bank raised its holdings in TeraWulf by 3,748.5% during the 1st quarter. Comerica Bank now owns 12,700 shares of the company's stock valued at $35,000 after buying an additional 12,370 shares during the period. Finally, CoreCap Advisors LLC lifted its position in TeraWulf by 106.7% in the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company's stock worth $36,000 after buying an additional 747 shares during the last quarter. Institutional investors own 62.49% of the company's stock.

Analyst Ratings Changes

WULF has been the topic of several research analyst reports. Jefferies Financial Group began coverage on TeraWulf in a research report on Thursday, May 14th. They issued a "buy" rating and a $28.00 price objective on the stock. Bank of America initiated coverage on shares of TeraWulf in a research note on Monday, June 15th. They set a "buy" rating and a $34.00 target price for the company. Zacks Research upgraded shares of TeraWulf from a "strong sell" rating to a "hold" rating in a report on Friday, August 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $37.00 price target on shares of TeraWulf in a research note on Wednesday, July 15th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of TeraWulf in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.21.

Insiders Place Their Bets

In related news, Director Michael C. Bucella purchased 3,023 shares of the business's stock in a transaction on Friday, August 14th. The shares were bought at an average cost of $16.54 per share, with a total value of $50,000.42. Following the transaction, the director owned 341,844 shares of the company's stock, valued at approximately $5,654,099.76. This trade represents a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paul B. Prager sold 166,650 shares of TeraWulf stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $24.43, for a total value of $4,071,259.50. Following the transaction, the chief executive officer owned 4,249,202 shares of the company's stock, valued at $103,808,004.86. The trade was a 3.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 15.90% of the company's stock.

TeraWulf Stock Performance

NASDAQ:WULF opened at $15.64 on Monday. The company has a market capitalization of $7.80 billion, a P/E ratio of -3.58 and a beta of 3.76. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 27.25. The firm has a fifty day simple moving average of $20.76 and a 200-day simple moving average of $19.67. TeraWulf Inc. has a 12 month low of $8.60 and a 12 month high of $29.84.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($1.70). The firm had revenue of $44.77 million for the quarter, compared to analysts' expectations of $46.00 million. TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) EPS. On average, equities research analysts anticipate that TeraWulf Inc. will post -0.94 earnings per share for the current year.

TeraWulf Company Profile

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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