Senator Investment Group LP cut its holdings in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 96.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,294 shares of the company's stock after selling 4,172,491 shares during the quarter. Senator Investment Group LP's holdings in TeraWulf were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in WULF. Soros Fund Management LLC purchased a new stake in shares of TeraWulf in the fourth quarter worth about $8,632,000. Metavasi Capital LP purchased a new stake in shares of TeraWulf in the fourth quarter worth about $1,132,000. Cetera Investment Advisers lifted its holdings in shares of TeraWulf by 421.9% in the fourth quarter. Cetera Investment Advisers now owns 100,366 shares of the company's stock worth $568,000 after buying an additional 81,134 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of TeraWulf by 12.7% in the fourth quarter. Nuveen Asset Management LLC now owns 681,240 shares of the company's stock worth $3,856,000 after buying an additional 76,840 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of TeraWulf by 171.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 206,840 shares of the company's stock worth $1,171,000 after buying an additional 130,734 shares in the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $8.64, for a total transaction of $39,744.00. Following the transaction, the director directly owned 40,769 shares in the company, valued at $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.88% of the stock is owned by insiders.
TeraWulf Price Performance
Shares of WULF stock traded down $0.09 during trading on Thursday, hitting $9.19. The company had a trading volume of 54,196,948 shares, compared to its average volume of 62,578,164. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.96. The stock's 50-day moving average is $5.30 and its two-hundred day moving average is $4.12. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of -26.26 and a beta of 3.17. TeraWulf Inc. has a 52 week low of $2.06 and a 52 week high of $10.71.
TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The company had revenue of $47.64 million during the quarter, compared to the consensus estimate of $46.30 million. During the same quarter last year, the company posted ($0.03) earnings per share. The firm's revenue for the quarter was up 33.9% on a year-over-year basis. As a group, analysts predict that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on WULF shares. Northland Securities set a $12.00 price target on shares of TeraWulf in a report on Thursday, August 14th. Roth Capital increased their price target on shares of TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a report on Friday, August 15th. Rosenblatt Securities increased their price target on shares of TeraWulf from $6.00 to $10.50 and gave the stock a "buy" rating in a report on Friday, August 15th. Cantor Fitzgerald increased their price target on shares of TeraWulf from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Finally, JMP Securities upped their price objective on shares of TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, TeraWulf currently has an average rating of "Buy" and an average target price of $10.72.
Get Our Latest Stock Report on WULF
About TeraWulf
(
Free Report)
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.
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