Two Sigma Investments LP Sells 2,669,508 Shares of TeraWulf Inc. (NASDAQ:WULF)

Two Sigma Investments LP reduced its stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 83.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 541,426 shares of the company's stock after selling 2,669,508 shares during the period. Two Sigma Investments LP owned approximately 0.14% of TeraWulf worth $3,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of WULF. Truist Financial Corp boosted its holdings in shares of TeraWulf by 5.0% in the 4th quarter. Truist Financial Corp now owns 52,500 shares of the company's stock worth $297,000 after acquiring an additional 2,500 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of TeraWulf by 67.9% in the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock worth $43,000 after acquiring an additional 3,054 shares in the last quarter. Xponance Inc. boosted its holdings in shares of TeraWulf by 22.7% in the 4th quarter. Xponance Inc. now owns 19,156 shares of the company's stock worth $108,000 after acquiring an additional 3,545 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of TeraWulf by 4.8% in the 4th quarter. Voya Investment Management LLC now owns 78,815 shares of the company's stock worth $446,000 after acquiring an additional 3,628 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of TeraWulf by 49.3% in the 4th quarter. KBC Group NV now owns 12,349 shares of the company's stock worth $70,000 after acquiring an additional 4,077 shares in the last quarter. 62.49% of the stock is currently owned by institutional investors.

TeraWulf Price Performance

Shares of WULF stock traded up $0.46 during trading hours on Wednesday, reaching $4.24. The company had a trading volume of 58,279,557 shares, compared to its average volume of 31,046,395. The company has a 50 day moving average of $3.11 and a 200 day moving average of $4.60. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -12.85 and a beta of 3.00. TeraWulf Inc. has a 1-year low of $2.06 and a 1-year high of $9.30.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). The company had revenue of $34.41 million during the quarter, compared to analyst estimates of $45.72 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. TeraWulf's quarterly revenue was down 18.9% on a year-over-year basis. As a group, sell-side analysts forecast that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Jones Trading assumed coverage on TeraWulf in a report on Monday, March 31st. They issued a "buy" rating and a $4.00 target price on the stock. Citizens Jmp raised TeraWulf to a "strong-buy" rating and set a $7.00 target price on the stock in a report on Thursday, May 22nd. JMP Securities started coverage on TeraWulf in a report on Thursday, May 22nd. They issued a "market outperform" rating and a $7.00 target price on the stock. Finally, Rosenblatt Securities reduced their price objective on TeraWulf from $4.50 to $4.00 and set a "buy" rating on the stock in a report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $7.67.

TeraWulf Profile

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.