TeraWulf Inc. $WULF Shares Acquired by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. increased its stake in TeraWulf by 45.1% in Q4 to 140,101 shares, worth about $1.61 million, indicating rising institutional interest.
• Insider activity shows significant selling: CEO Paul B. Prager sold 79,200 shares at roughly $20.62, and insiders have sold 954,200 shares versus 13,094 bought over the past 90 days, though insiders still own 19.9% of the stock.
• Shares are up 5.4% and trading near their 12‑month high (opened at $23.49); analysts are generally bullish with a “Moderate Buy” consensus and an average target price of $25.83 (Oppenheimer: $25/outperform).

Oppenheimer & Co. Inc. lifted its position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 45.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 140,101 shares of the company's stock after buying an additional 43,574 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in TeraWulf were worth $1,610,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of TeraWulf during the 3rd quarter worth $29,000. GPS Wealth Strategies Group LLC raised its stake in TeraWulf by 366.2% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 3,590 shares of the company's stock valued at $41,000 after purchasing an additional 2,820 shares during the last quarter. Activest Wealth Management acquired a new position in TeraWulf in the 4th quarter valued at about $46,000. PNC Financial Services Group Inc. raised its stake in TeraWulf by 116.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,346 shares of the company's stock valued at $61,000 after purchasing an additional 2,874 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in TeraWulf by 285.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,336 shares of the company's stock valued at $84,000 after purchasing an additional 5,432 shares during the last quarter. Institutional investors and hedge funds own 62.49% of the company's stock.

TeraWulf Stock Up 5.4%

Shares of NASDAQ WULF opened at $23.49 on Wednesday. TeraWulf Inc. has a 12-month low of $2.89 and a 12-month high of $23.70. The company has a market cap of $10.23 billion, a P/E ratio of -14.41 and a beta of 3.84. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 33.00. The stock has a fifty day moving average price of $17.21 and a 200 day moving average price of $14.99.

Insider Buying and Selling at TeraWulf

In other news, Director Michael C. Bucella acquired 1,665 shares of the stock in a transaction on Friday, March 20th. The stock was bought at an average price of $15.04 per share, with a total value of $25,041.60. Following the completion of the transaction, the director directly owned 280,052 shares of the company's stock, valued at $4,211,982.08. The trade was a 0.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Paul B. Prager sold 79,200 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $20.62, for a total transaction of $1,633,104.00. Following the completion of the sale, the chief executive officer directly owned 884,320 shares of the company's stock, valued at $18,234,678.40. This trade represents a 8.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 13,094 shares of company stock valued at $200,392 and sold 954,200 shares valued at $16,390,854. 19.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Northland Securities set a $30.00 target price on shares of TeraWulf in a research note on Monday. Rosenblatt Securities reissued a "buy" rating and issued a $23.00 target price on shares of TeraWulf in a research note on Wednesday, April 15th. Keefe, Bruyette & Woods cut their target price on shares of TeraWulf from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Wednesday, March 11th. Needham & Company LLC reissued a "buy" rating and issued a $21.00 target price on shares of TeraWulf in a research note on Wednesday, April 15th. Finally, Oppenheimer boosted their target price on shares of TeraWulf from $20.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, April 20th. Twelve research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, TeraWulf currently has an average rating of "Moderate Buy" and an average target price of $25.83.

About TeraWulf

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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