Voloridge Investment Management LLC Sells 1,114,350 Shares of TeraWulf Inc. (NASDAQ:WULF)

Voloridge Investment Management LLC lessened its holdings in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 82.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,808 shares of the company's stock after selling 1,114,350 shares during the period. Voloridge Investment Management LLC owned approximately 0.06% of TeraWulf worth $1,374,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Vennlight Capital Management LP bought a new stake in TeraWulf in the 4th quarter valued at approximately $1,992,000. Vident Advisory LLC lifted its stake in TeraWulf by 34.7% in the 4th quarter. Vident Advisory LLC now owns 2,048,076 shares of the company's stock valued at $11,592,000 after acquiring an additional 527,662 shares in the last quarter. Tidal Investments LLC lifted its stake in TeraWulf by 6.1% in the 4th quarter. Tidal Investments LLC now owns 921,617 shares of the company's stock valued at $5,216,000 after acquiring an additional 52,925 shares in the last quarter. Rafferty Asset Management LLC bought a new stake in TeraWulf in the 4th quarter valued at approximately $69,000. Finally, ProShare Advisors LLC lifted its stake in TeraWulf by 70.7% in the 4th quarter. ProShare Advisors LLC now owns 75,358 shares of the company's stock valued at $427,000 after acquiring an additional 31,219 shares in the last quarter. Institutional investors own 62.49% of the company's stock.

Analyst Upgrades and Downgrades

WULF has been the topic of several research reports. Citizens Jmp upgraded TeraWulf to a "strong-buy" rating and set a $7.00 target price on the stock in a research note on Thursday, May 22nd. JMP Securities started coverage on TeraWulf in a research report on Thursday, May 22nd. They set a "market outperform" rating and a $7.00 price target on the stock. Rosenblatt Securities lowered their price target on TeraWulf from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Jones Trading started coverage on TeraWulf in a research report on Monday, March 31st. They set a "buy" rating and a $4.00 price target on the stock. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $7.67.

TeraWulf Stock Down 2.7%

Shares of WULF stock traded down $0.10 during trading on Friday, reaching $3.54. 34,899,664 shares of the company's stock were exchanged, compared to its average volume of 30,813,830. The stock has a market capitalization of $1.36 billion, a PE ratio of -10.73 and a beta of 3.00. TeraWulf Inc. has a twelve month low of $2.04 and a twelve month high of $9.30. The firm's fifty day moving average price is $3.05 and its 200-day moving average price is $4.66.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). The business had revenue of $34.41 million for the quarter, compared to analyst estimates of $45.72 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. TeraWulf's revenue was down 18.9% on a year-over-year basis. As a group, analysts anticipate that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

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.