TeraWulf Inc. $WULF Shares Sold by Hodges Capital Management Inc.

Key Points

• Hodges Capital trimmed its position in TeraWulf (NASDAQ:WULF) by 6.8% in Q3, selling 276,767 shares and now holds 3,785,713 shares (0.93% of the company) worth about $43.2 million, with WULF the firm's largest holding (3.7% of its portfolio).
• Other institutions largely added to stakes—Vanguard increased to 24.48 million shares and Bank of America to 14.39 million—contributing to institutional ownership of about 62.49% of the company.
• Analyst sentiment is mixed-to-positive: 12 Buys, 1 Hold and 1 Sell yield a consensus rating of "Moderate Buy" and a consensus target price of $20.31, while the stock trades around $16.18 with a market cap near $6.77 billion.

Hodges Capital Management Inc. lessened its holdings in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,785,713 shares of the company's stock after selling 276,767 shares during the period. TeraWulf comprises 3.7% of Hodges Capital Management Inc.'s holdings, making the stock its largest holding. Hodges Capital Management Inc. owned 0.93% of TeraWulf worth $43,233,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of TeraWulf by 2.8% in the third quarter. Vanguard Group Inc. now owns 24,480,051 shares of the company's stock valued at $279,562,000 after buying an additional 674,474 shares in the last quarter. Bank of America Corp DE increased its stake in TeraWulf by 22.2% during the 2nd quarter. Bank of America Corp DE now owns 14,392,299 shares of the company's stock worth $63,038,000 after acquiring an additional 2,617,617 shares during the period. Tidal Investments LLC raised its holdings in TeraWulf by 6.0% in the 2nd quarter. Tidal Investments LLC now owns 2,673,105 shares of the company's stock valued at $11,708,000 after acquiring an additional 150,346 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of TeraWulf by 64.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,646,707 shares of the company's stock valued at $11,590,000 after acquiring an additional 1,033,073 shares during the period. Finally, Vident Advisory LLC grew its holdings in shares of TeraWulf by 5.7% during the 2nd quarter. Vident Advisory LLC now owns 2,500,483 shares of the company's stock worth $10,952,000 after purchasing an additional 134,241 shares in the last quarter. 62.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on WULF. Needham & Company LLC reaffirmed a "buy" rating and issued a $21.00 price target on shares of TeraWulf in a research note on Tuesday, February 3rd. Weiss Ratings restated a "sell (d-)" rating on shares of TeraWulf in a research report on Monday, December 29th. Northland Securities set a $23.25 price target on shares of TeraWulf in a report on Wednesday, October 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $18.00 price objective on shares of TeraWulf in a research note on Tuesday, December 23rd. Finally, Wall Street Zen downgraded shares of TeraWulf from a "hold" rating to a "sell" rating in a research report on Sunday, October 26th. Twelve analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, TeraWulf presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.31.

TeraWulf Trading Down 0.5%

Shares of TeraWulf stock opened at $16.18 on Wednesday. The firm's 50 day moving average is $13.67 and its 200 day moving average is $12.31. The firm has a market capitalization of $6.77 billion, a PE ratio of -11.39 and a beta of 3.69. TeraWulf Inc. has a 1 year low of $2.06 and a 1 year high of $17.69. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.45.

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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