Michael Bucella Purchases 654 Shares of TeraWulf (NASDAQ:WULF) Stock

Key Points

• Michael Bucella, a TeraWulf director, purchased 654 shares on March 5 at an average price of $15.31 for a total of ~$10,012, bringing his holdings to 270,783 shares (a 0.24% increase) valued at about $4.15M.
• Analyst and institutional sentiment is broadly positive: the stock trades around $13.85 with a market cap of ~$5.87B, has a consensus price target of $20.69 (majority Buy/Strong Buy ratings), and institutions own roughly 62.5% of the company.

TeraWulf Inc. (NASDAQ:WULF - Get Free Report) Director Michael Bucella bought 654 shares of the firm's stock in a transaction on Thursday, March 5th. The stock was acquired at an average price of $15.31 per share, for a total transaction of $10,012.74. Following the transaction, the director owned 270,783 shares of the company's stock, valued at approximately $4,145,687.73. The trade was a 0.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

TeraWulf Price Performance

Shares of WULF traded up $0.10 during mid-day trading on Monday, reaching $13.85. The company had a trading volume of 27,890,177 shares, compared to its average volume of 31,671,986. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of -8.50 and a beta of 3.66. The company has a debt-to-equity ratio of 33.00, a quick ratio of 2.00 and a current ratio of 2.00. The company's 50 day simple moving average is $14.43 and its 200 day simple moving average is $13.16. TeraWulf Inc. has a 1-year low of $2.06 and a 1-year high of $18.51.

Institutional Investors Weigh In On TeraWulf

Several institutional investors and hedge funds have recently made changes to their positions in WULF. First Dallas Securities Inc. increased its position in TeraWulf by 126.5% during the 2nd quarter. First Dallas Securities Inc. now owns 132,500 shares of the company's stock valued at $580,000 after purchasing an additional 74,000 shares during the period. Thames Capital Management LLC acquired a new position in shares of TeraWulf in the 2nd quarter worth approximately $4,970,000. Two Seas Capital LP lifted its position in shares of TeraWulf by 966.9% in the 2nd quarter. Two Seas Capital LP now owns 2,287,100 shares of the company's stock worth $10,017,000 after purchasing an additional 2,072,729 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of TeraWulf by 27.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,507,973 shares of the company's stock valued at $17,221,000 after purchasing an additional 325,148 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of TeraWulf by 420.6% during the third quarter. Voya Investment Management LLC now owns 375,754 shares of the company's stock worth $4,291,000 after buying an additional 303,583 shares during the period. Institutional investors and hedge funds own 62.49% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on WULF shares. Cantor Fitzgerald lifted their price target on TeraWulf from $18.00 to $24.00 and gave the company an "overweight" rating in a research note on Friday, February 27th. Morgan Stanley began coverage on shares of TeraWulf in a report on Monday, February 9th. They issued an "overweight" rating and a $37.00 price objective for the company. B. Riley Financial lifted their target price on shares of TeraWulf from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, November 12th. Keefe, Bruyette & Woods upgraded shares of TeraWulf from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, March 2nd. Finally, Citigroup reaffirmed a "market outperform" rating on shares of TeraWulf in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.69.

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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