TeraWulf Inc. $WULF Stake Trimmed by NBC Securities Inc.

Key Points

• NBC Securities cut its stake in TeraWulf by 28.8% in Q4, selling 60,670 shares and ending the quarter with 149,640 shares worth about $1.72 million.
• Significant insider selling has occurred recently: CFO Patrick Fleury sold 573,586 shares and CEO Paul Prager sold 137,500 shares (total insider sales ~737,500 shares, ~$11.9M in the last 90 days), though insiders still own 19.90% of the company.
• Analysts are largely bullish with a consensus rating of Moderate Buy (12 Buys, 1 Hold, 1 Sell) and an average price target of ~$24.96, while the stock trades near $20 with a market cap of about $8.7 billion.

NBC Securities Inc. lowered its stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 28.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,640 shares of the company's stock after selling 60,670 shares during the quarter. NBC Securities Inc.'s holdings in TeraWulf were worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC purchased a new position in TeraWulf in the 4th quarter worth about $600,000. M&T Bank Corp increased its stake in TeraWulf by 187.2% in the 4th quarter. M&T Bank Corp now owns 70,132 shares of the company's stock worth $806,000 after purchasing an additional 45,717 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in TeraWulf by 20.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 108,161 shares of the company's stock worth $1,243,000 after purchasing an additional 18,393 shares in the last quarter. Farther Finance Advisors LLC increased its stake in TeraWulf by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 13,945 shares of the company's stock worth $160,000 after purchasing an additional 6,609 shares in the last quarter. Finally, Sippican Capital Advisors increased its stake in TeraWulf by 112.9% in the 4th quarter. Sippican Capital Advisors now owns 71,650 shares of the company's stock worth $823,000 after purchasing an additional 38,000 shares in the last quarter. Hedge funds and other institutional investors own 62.49% of the company's stock.

TeraWulf Trading Down 1.8%

NASDAQ:WULF opened at $20.01 on Friday. The company has a debt-to-equity ratio of 33.00, a current ratio of 2.00 and a quick ratio of 2.00. TeraWulf Inc. has a fifty-two week low of $2.67 and a fifty-two week high of $21.60. The stock's 50-day moving average is $16.63 and its two-hundred day moving average is $14.71. The stock has a market cap of $8.71 billion, a PE ratio of -12.27 and a beta of 3.69.

Insider Buying and Selling at TeraWulf

In other TeraWulf news, CFO Patrick Fleury sold 573,586 shares of TeraWulf stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $16.14, for a total transaction of $9,257,678.04. Following the transaction, the chief financial officer owned 3,205,000 shares of the company's stock, valued at $51,728,700. The trade was a 15.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Paul B. Prager sold 137,500 shares of TeraWulf stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $16.10, for a total value of $2,213,750.00. Following the transaction, the chief executive officer directly owned 354,200 shares in the company, valued at approximately $5,702,620. This trade represents a 27.96% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have acquired 13,094 shares of company stock valued at $200,392 and have sold 737,500 shares valued at $11,897,750. Company insiders own 19.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WULF shares. Weiss Ratings reissued a "sell (d-)" rating on shares of TeraWulf in a research note on Friday, March 27th. Oppenheimer lifted their price target on TeraWulf from $20.00 to $25.00 and gave the stock an "outperform" rating in a research note on Monday. Roth Mkm reissued a "buy" rating and issued a $32.00 price target on shares of TeraWulf in a research note on Friday, April 17th. Morgan Stanley started coverage on TeraWulf in a research note on Monday, February 9th. They issued an "overweight" rating and a $37.00 price target on the stock. Finally, Arete Research started coverage on TeraWulf in a research note on Monday, March 23rd. They issued a "buy" rating and a $30.00 price target on the stock. Twelve equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.96.

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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