WINTON GROUP Ltd Invests $5.55 Million in TeraWulf Inc. $WULF

Key Points

• WINTON GROUP Ltd acquired 224,707 TeraWulf shares worth approximately $5.55 million during the second quarter. Institutional investors collectively own 62.49% of the company.
• TeraWulf insiders sold 405,626 shares valued at nearly $7.98 million over the past 90 days, including significant sales by the CEO and a director under reported transactions.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $34.21, though the company recently posted a substantial quarterly EPS loss and revenue below expectations.

WINTON GROUP Ltd purchased a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 224,707 shares of the company's stock, valued at approximately $5,550,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its position in shares of TeraWulf by 106.7% during the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company's stock valued at $36,000 after buying an additional 747 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in TeraWulf in the 2nd quarter valued at $41,000. Advisory Services Network LLC bought a new position in TeraWulf during the 3rd quarter valued at $29,000. First United Bank & Trust purchased a new position in TeraWulf during the 1st quarter worth $37,000. Finally, Vermillion Wealth Management Inc. boosted its holdings in TeraWulf by 1,191.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company's stock worth $30,000 after acquiring an additional 2,394 shares during the last quarter. 62.49% of the stock is owned by institutional investors.

Insider Activity at TeraWulf

In related news, CEO Paul B. Prager sold 137,500 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $17.06, for a total transaction of $2,345,750.00. Following the transaction, the chief executive officer directly owned 3,807,552 shares of the company's stock, valued at approximately $64,956,837.12. This trade represents a 3.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter E. Carter sold 130,626 shares of the business's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $15.14, for a total value of $1,977,677.64. Following the completion of the sale, the director owned 229,090 shares of the company's stock, valued at $3,468,422.60. The trade was a 36.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 405,626 shares of company stock valued at $7,980,928 over the last 90 days. 15.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on WULF. Bank of America initiated coverage on TeraWulf in a report on Monday, June 15th. They issued a "buy" rating and a $34.00 target price for the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $30.00 target price on shares of TeraWulf in a research report on Friday, August 21st. Citigroup began coverage on shares of TeraWulf in a report on Monday, June 29th. They issued a "buy" rating and a $36.00 price target on the stock. Lucid Cap Mkts raised shares of TeraWulf to a "strong-buy" rating in a research report on Wednesday, May 27th. Finally, Compass Point set a $40.00 target price on shares of TeraWulf in a research note on Monday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $34.21.

TeraWulf Stock Performance

Shares of WULF opened at $16.14 on Friday. TeraWulf Inc. has a 52-week low of $10.04 and a 52-week high of $29.84. The stock's 50-day simple moving average is $17.79 and its 200 day simple moving average is $19.74. The company has a debt-to-equity ratio of 27.25, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of -3.69 and a beta of 3.70.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing the consensus estimate of ($0.24) by ($1.70). The firm had revenue of $44.77 million during the quarter, compared to the consensus estimate of $46.00 million. TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) earnings per share. Research analysts forecast that TeraWulf Inc. will post -0.95 EPS for the current fiscal year.

TeraWulf Profile

TeraWulf Inc NASDAQ: WULF develops and operates digital-asset mining and high-performance computing infrastructure. The company has focused primarily on bitcoin mining while expanding its data-center platform to support artificial intelligence, cloud computing and other high-density computing applications.

TeraWulf emphasizes access to low-cost, predominantly zero-carbon energy and designs, builds and operates energy-intensive data-center facilities. Its operations have included the Lake Mariner facility in New York and the Nautilus Cryptomine facility in Pennsylvania, which was developed in collaboration with Cumulus Coin.

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