TeraWulf Inc. (NASDAQ:WULF) Shares Sold by Duquesne Family Office LLC

Duquesne Family Office LLC trimmed its stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 50.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,472,225 shares of the company's stock after selling 1,472,226 shares during the quarter. Duquesne Family Office LLC owned 0.38% of TeraWulf worth $8,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of TeraWulf by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 7,636,552 shares of the company's stock worth $43,232,000 after acquiring an additional 453,429 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of TeraWulf by 21.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company's stock worth $30,387,000 after acquiring an additional 955,795 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of TeraWulf by 74.2% during the 4th quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company's stock worth $26,964,000 after acquiring an additional 2,028,383 shares in the last quarter. Senator Investment Group LP acquired a new position in shares of TeraWulf during the 4th quarter worth about $24,371,000. Finally, BIT Capital GmbH boosted its position in shares of TeraWulf by 169.4% during the 4th quarter. BIT Capital GmbH now owns 3,975,768 shares of the company's stock worth $22,503,000 after acquiring an additional 2,499,865 shares in the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Stock Up 16.8%

WULF traded up $0.51 on Monday, hitting $3.52. 29,617,579 shares of the company traded hands, compared to its average volume of 29,285,689. The company has a 50 day moving average of $2.89 and a 200-day moving average of $4.98. The stock has a market capitalization of $1.35 billion, a PE ratio of -10.82 and a beta of 3.00. TeraWulf Inc. has a 12-month low of $1.91 and a 12-month high of $9.30.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The company had revenue of $34.41 million for the quarter, compared to analysts' expectations of $45.72 million. The firm's revenue was down 18.9% on a year-over-year basis. On average, research analysts anticipate that TeraWulf Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

WULF has been the subject of several research reports. Rosenblatt Securities reduced their target price on TeraWulf from $4.50 to $4.00 and set a "buy" rating for the company in a report on Monday. Jones Trading initiated coverage on TeraWulf in a report on Monday, March 31st. They issued a "buy" rating and a $4.00 target price for the company. Finally, Needham & Company LLC reissued a "buy" rating and issued a $9.50 target price on shares of TeraWulf in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $7.86.

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.