Wellington Management Group LLP Sells 1,153,552 Shares of TeraWulf Inc. $WULF

Wellington Management Group LLP lessened its holdings in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 97.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,041 shares of the company's stock after selling 1,153,552 shares during the period. Wellington Management Group LLP's holdings in TeraWulf were worth $68,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in TeraWulf by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 23,880,134 shares of the company's stock valued at $65,193,000 after purchasing an additional 534,315 shares during the period. Driehaus Capital Management LLC lifted its holdings in TeraWulf by 3.4% in the fourth quarter. Driehaus Capital Management LLC now owns 12,733,291 shares of the company's stock valued at $72,070,000 after buying an additional 412,877 shares during the period. Dimensional Fund Advisors LP lifted its holdings in TeraWulf by 21.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company's stock valued at $30,387,000 after buying an additional 955,795 shares during the period. Northern Trust Corp lifted its holdings in TeraWulf by 15.6% in the fourth quarter. Northern Trust Corp now owns 2,603,141 shares of the company's stock valued at $14,734,000 after buying an additional 352,202 shares during the period. Finally, Vident Advisory LLC lifted its holdings in TeraWulf by 34.7% in the fourth quarter. Vident Advisory LLC now owns 2,048,076 shares of the company's stock valued at $11,592,000 after buying an additional 527,662 shares during the period. Institutional investors and hedge funds own 62.49% of the company's stock.

TeraWulf Stock Up 2.9%

Shares of NASDAQ:WULF traded up $0.26 during midday trading on Friday, hitting $9.13. 26,927,691 shares of the company's stock were exchanged, compared to its average volume of 64,556,512. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a 50 day moving average price of $6.45 and a 200-day moving average price of $4.45. The company has a market cap of $3.72 billion, a PE ratio of -26.09 and a beta of 3.36. TeraWulf Inc. has a 12 month low of $2.06 and a 12 month high of $10.71.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its earnings results on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $47.64 million for the quarter, compared to the consensus estimate of $46.30 million. TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The company's revenue was up 33.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) earnings per share. On average, sell-side analysts anticipate that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WULF. Roth Capital boosted their target price on shares of TeraWulf from $7.00 to $12.50 and gave the company a "buy" rating in a report on Friday, August 15th. Wall Street Zen downgraded shares of TeraWulf from a "hold" rating to a "sell" rating in a research note on Sunday, August 24th. B. Riley lifted their price target on shares of TeraWulf from $8.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, August 18th. JMP Securities lifted their price target on shares of TeraWulf from $7.00 to $13.00 and gave the company a "market outperform" rating in a research note on Friday, August 15th. Finally, Citizens Jmp raised shares of TeraWulf to a "strong-buy" rating and set a $7.00 price target for the company in a research note on Thursday, May 22nd. 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $11.22.

Insider Activity at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $8.64, for a total transaction of $39,744.00. Following the completion of the sale, the director directly owned 40,769 shares of the company's stock, valued at $352,244.16. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.48% of the stock is currently owned by insiders.

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.