TeraWulf Inc. $WULF Shares Newly Purchased by Capelight Capital Asset Management LP

Key Points

• Capelight Capital Asset Management initiated a TeraWulf position by purchasing 175,000 shares valued at approximately $2.59 million. Institutional investors collectively own 62.49% of WULF.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $32.52, despite ratings ranging from “Strong Buy” to “Sell.”
• 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. Shares opened at $11.32, well below their 12-month high of $29.84.

Capelight Capital Asset Management LP bought a new stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 175,000 shares of the company's stock, valued at approximately $2,590,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WULF. GAMMA Investing LLC lifted its stake in shares of TeraWulf by 25.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,387 shares of the company's stock worth $84,000 after acquiring an additional 681 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of TeraWulf by 106.7% in the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company's stock valued at $36,000 after acquiring an additional 747 shares in the last quarter. Vima LLC increased its stake in shares of TeraWulf by 0.7% during the third quarter. Vima LLC now owns 145,545 shares of the company's stock valued at $2,154,000 after acquiring an additional 1,034 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of TeraWulf during the second quarter valued at approximately $41,000. Finally, Hamilton Wealth LLC increased its stake in shares of TeraWulf by 11.4% during the first quarter. Hamilton Wealth LLC now owns 17,550 shares of the company's stock valued at $253,000 after acquiring an additional 1,800 shares during the period. 62.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TeraWulf news, Director Walter E. Carter sold 130,626 shares of TeraWulf stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $15.14, for a total value of $1,977,677.64. Following the transaction, the director owned 229,090 shares in the company, valued at approximately $3,468,422.60. The trade was a 36.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael C. Bucella purchased 6,085 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was bought at an average cost of $14.79 per share, for a total transaction of $89,997.15. Following the acquisition, the director directly owned 350,789 shares of the company's stock, valued at $5,188,169.31. This represents a 1.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 11,968 shares of company stock worth $189,962. Corporate insiders own 15.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WULF shares. Needham & Company LLC boosted their target price on TeraWulf from $28.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Weiss Ratings lowered TeraWulf from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, October 2nd. Compass Point set a $40.00 price target on TeraWulf in a research report on Monday, July 6th. Freedom Capital upgraded TeraWulf to a "strong-buy" rating in a research report on Tuesday, September 8th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $30.00 price objective on shares of TeraWulf in a research note on Friday, August 21st. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.52.

TeraWulf Price Performance

Shares of NASDAQ WULF opened at $11.32 on Monday. TeraWulf Inc. has a twelve month low of $10.35 and a twelve month high of $29.84. 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 50-day moving average of $15.06 and a two-hundred day moving average of $19.51. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of -2.59 and a beta of 3.80.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($1.70). TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%. The business had revenue of $44.77 million during the quarter, compared to analyst estimates of $46.00 million. During the same period in the prior year, the firm earned ($0.05) EPS. The business's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, analysts expect that TeraWulf Inc. will post -1.01 earnings per share for the current fiscal year.

About TeraWulf

TeraWulf Inc is a digital asset infrastructure company focused primarily on developing and operating environmentally conscious data centers for bitcoin mining and other high-performance computing applications. The company emphasizes the use of low-carbon energy, including nuclear and hydroelectric power, to support energy-intensive computing operations.

TeraWulf operates mining and data center facilities in the United States, including the Lake Mariner site in New York and the Nautilus Cryptomine facility in Pennsylvania.

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