TeraWulf (NASDAQ:WULF) CEO Paul Prager Sells 166,650 Shares

Key Points

• TeraWulf CEO Paul Prager sold 166,650 shares on May 26 at an average price of $24.43, totaling about $4.07 million. After the sale, he still held more than 4.24 million shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
• The company’s recent quarterly results were weak, with EPS of -$1.01 versus expectations of -$0.19 and revenue of $34.01 million, slightly below estimates. TeraWulf also posted a large negative net margin and return on equity, underscoring continued profitability challenges.
• Despite the earnings miss, analyst sentiment remains broadly positive: several firms raised price targets, including Morgan Stanley to $42, and the stock has a consensus rating of Moderate Buy. News around a Kentucky site acquisition for a 1+ GW AI/HPC campus also points to TeraWulf’s expansion strategy tied to rising AI infrastructure demand.

TeraWulf Inc. (NASDAQ:WULF - Get Free Report) CEO Paul Prager sold 166,650 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $24.43, for a total value of $4,071,259.50. Following the completion of the sale, the chief executive officer owned 4,249,202 shares of the company's stock, valued at approximately $103,808,004.86. This represents a 3.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TeraWulf Stock Performance

NASDAQ WULF traded down $0.34 on Thursday, reaching $26.40. The stock had a trading volume of 24,329,988 shares, compared to its average volume of 28,001,980. The company has a debt-to-equity ratio of 33.00, a quick ratio of 1.20 and a current ratio of 1.20. TeraWulf Inc. has a 12-month low of $3.39 and a 12-month high of $27.26. The business's 50-day moving average price is $19.89 and its 200 day moving average price is $16.10. The stock has a market cap of $13.08 billion, a P/E ratio of -10.65 and a beta of 3.84.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported ($1.01) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.82). TeraWulf had a negative net margin of 611.46% and a negative return on equity of 305.07%. The firm had revenue of $34.01 million during the quarter, compared to analysts' expectations of $34.69 million. During the same quarter in the prior year, the firm posted ($0.16) EPS. TeraWulf's quarterly revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts expect that TeraWulf Inc. will post -0.64 earnings per share for the current year.

TeraWulf News Summary

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf’s acquisition of a Kentucky site for a 1+ GW AI/HPC campus expands its growth pipeline and reinforces its strategy to build energy-intensive infrastructure for AI demand. TeraWulf acquires site in Kentucky for 1GW data center campus
• Positive Sentiment: Morgan Stanley reportedly increased its price target on WULF after the company’s Q1 results, signaling improving analyst confidence in the stock’s upside. Morgan Stanley Lifts PT on TeraWulf Inc. (WULF) Following Q1 Results
• Positive Sentiment: Coverage around TeraWulf’s power-infrastructure strategy and AI build-out suggests the market views the company as a levered beneficiary of data-center electricity demand. TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
• Neutral Sentiment: Additional analyst and media commentary kept TeraWulf in focus, but did not introduce a clear new fundamental catalyst beyond the Kentucky expansion and analyst upgrades. Analysts Offer Insights on Financial Companies: Marui Group Co (OtherMAURF), TeraWulf Inc (WULF) and Wells Fargo (WFC)
• Negative Sentiment: Short-interest and bitcoin-mining headlines may reflect lingering skepticism about the company’s transition away from mining and the risks of funding a large-scale expansion. Bitcoin News Today: Is Mining Dying as TeraWulf Abandons Miners

Analysts Set New Price Targets

WULF has been the subject of several analyst reports. Citigroup restated an "outperform" rating on shares of TeraWulf in a research note on Thursday, May 7th. Rosenblatt Securities restated a "buy" rating and set a $27.00 price target on shares of TeraWulf in a research note on Monday, May 11th. Needham & Company LLC upped their price target on TeraWulf from $22.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, May 11th. Morgan Stanley upped their price target on TeraWulf to $42.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 19th. Finally, Keefe, Bruyette & Woods upped their price target on TeraWulf from $25.00 to $33.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 12th. Thirteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, TeraWulf presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.95.

Institutional Trading of TeraWulf

Several large investors have recently bought and sold shares of WULF. Advisory Services Network LLC acquired a new stake in TeraWulf in the third quarter valued at $29,000. Vermillion Wealth Management Inc. grew its holdings in TeraWulf by 1,191.0% in the fourth quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company's stock valued at $30,000 after purchasing an additional 2,394 shares during the last quarter. Solstein Capital LLC acquired a new stake in TeraWulf in the fourth quarter valued at $34,000. Comerica Bank grew its holdings in TeraWulf by 3,748.5% in the first quarter. Comerica Bank now owns 12,700 shares of the company's stock valued at $35,000 after purchasing an additional 12,370 shares during the last quarter. Finally, First United Bank & Trust acquired a new stake in TeraWulf in the first quarter valued at $37,000. Institutional investors and hedge funds own 62.49% of the company's stock.

TeraWulf Company Profile

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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