Sargent Investment Group LLC Sells 197,615 Shares of TeraWulf Inc. (NASDAQ:WULF)

Sargent Investment Group LLC trimmed its stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 90.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,225 shares of the company's stock after selling 197,615 shares during the quarter. Sargent Investment Group LLC's holdings in TeraWulf were worth $55,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Soros Fund Management LLC acquired a new position in TeraWulf in the 4th quarter valued at approximately $8,632,000. Wellington Management Group LLP increased its position in TeraWulf by 1,760.0% in the 4th quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company's stock valued at $6,671,000 after acquiring an additional 1,115,228 shares during the period. BIT Capital GmbH increased its position in TeraWulf by 169.4% in the 4th quarter. BIT Capital GmbH now owns 3,975,768 shares of the company's stock valued at $22,503,000 after acquiring an additional 2,499,865 shares during the period. Senator Investment Group LP acquired a new position in TeraWulf in the 4th quarter valued at approximately $24,371,000. Finally, Metavasi Capital LP acquired a new position in TeraWulf in the 4th quarter valued at approximately $1,132,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Stock Up 0.1%

NASDAQ:WULF traded up $0.01 during trading hours on Thursday, reaching $5.21. The company had a trading volume of 26,293,465 shares, compared to its average volume of 43,483,934. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 3.03. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -15.77 and a beta of 3.11. The business's 50-day simple moving average is $4.35 and its two-hundred day simple moving average is $4.03. TeraWulf Inc. has a twelve month low of $2.06 and a twelve month high of $9.30.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). The company had revenue of $34.41 million during the quarter, compared to analyst estimates of $45.72 million. TeraWulf had a negative return on equity of 42.09% and a negative net margin of 94.09%. The business's revenue for the quarter was down 18.9% compared to the same quarter last year. On average, equities analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

WULF has been the subject of several recent analyst reports. Jones Trading initiated coverage on shares of TeraWulf in a research report on Monday, March 31st. They set a "buy" rating and a $4.00 price objective for the company. JMP Securities initiated coverage on shares of TeraWulf in a research report on Thursday, May 22nd. They set a "market outperform" rating and a $7.00 price objective for the company. Citizens Jmp upgraded shares of TeraWulf to a "strong-buy" rating and set a $7.00 price objective for the company in a research report on Thursday, May 22nd. Finally, Rosenblatt Securities increased their price objective on shares of TeraWulf from $4.50 to $6.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $8.06.

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.