Moore Capital Management LP Has $21.65 Million Stock Holdings in TeraWulf Inc. (NASDAQ:WULF)

Moore Capital Management LP reduced its position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 8.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,825,170 shares of the company's stock after selling 347,347 shares during the period. Moore Capital Management LP owned about 0.99% of TeraWulf worth $21,650,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC raised its stake in shares of 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 acquiring an additional 412,877 shares during the last quarter. Geode Capital Management LLC raised its position in TeraWulf by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 7,636,552 shares of the company's stock valued at $43,232,000 after purchasing an additional 453,429 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in TeraWulf by 21.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company's stock worth $30,387,000 after purchasing an additional 955,795 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of TeraWulf by 74.2% during the fourth quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company's stock worth $26,964,000 after purchasing an additional 2,028,383 shares during the last quarter. Finally, Senator Investment Group LP acquired a new stake in shares of TeraWulf in the fourth quarter valued at $24,371,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WULF has been the topic of several research reports. Jones Trading initiated coverage on shares of TeraWulf in a research report on Monday, March 31st. They set a "buy" rating and a $4.00 price target on the stock. Rosenblatt Securities dropped their target price on shares of TeraWulf from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Monday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $7.86.

TeraWulf Price Performance

Shares of WULF stock traded down $0.17 during trading hours on Wednesday, reaching $3.66. The company had a trading volume of 32,589,878 shares, compared to its average volume of 29,504,246. TeraWulf Inc. has a 1-year low of $1.91 and a 1-year high of $9.30. The company has a 50 day moving average of $2.90 and a 200 day moving average of $4.95. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -11.09 and a beta of 3.00.

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

TeraWulf Company 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.