TeraWulf (NASDAQ:WULF) CEO Paul Prager Sells 79,200 Shares

Key Points

• CEO Paul Prager sold 79,200 shares on April 28 at an average of $20.62, generating about $1.63M and reducing his stake by 8.22% to 884,320 shares.
• Shares traded down roughly 2.9% to $20.80, the company has a market cap of about $9.06B and a 52‑week range of $2.67–$21.60, with institutional investors owning ~62.49% of the stock.
• Analyst sentiment is broadly positive — 12 Buys, 1 Hold, 1 Sell — giving a consensus "Moderate Buy" with an average price target of $25.31 and top targets as high as $41.50.

TeraWulf Inc. (NASDAQ:WULF - Get Free Report) CEO Paul Prager sold 79,200 shares of the firm's stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $20.62, for a total transaction of $1,633,104.00. Following the completion of the transaction, the chief executive officer directly owned 884,320 shares in the company, valued at $18,234,678.40. This represents a 8.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TeraWulf Trading Down 2.9%

WULF stock traded down $0.63 during trading on Tuesday, hitting $20.80. The company had a trading volume of 26,977,163 shares, compared to its average volume of 32,415,940. The firm has a market capitalization of $9.06 billion, a P/E ratio of -12.76 and a beta of 3.69. TeraWulf Inc. has a 52-week low of $2.67 and a 52-week high of $21.60. The company has a 50 day simple moving average of $16.82 and a 200-day simple moving average of $14.85. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 33.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Private Advisor Group LLC grew its position in shares of TeraWulf by 11.4% in the 1st quarter. Private Advisor Group LLC now owns 25,204 shares of the company's stock worth $364,000 after buying an additional 2,572 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of TeraWulf in the 1st quarter worth approximately $172,000. Keybank National Association OH purchased a new position in shares of TeraWulf in the 1st quarter worth approximately $272,000. Sippican Capital Advisors grew its position in shares of TeraWulf by 10.5% in the 1st quarter. Sippican Capital Advisors now owns 79,150 shares of the company's stock worth $1,142,000 after buying an additional 7,500 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in shares of TeraWulf in the 1st quarter worth approximately $215,000. Hedge funds and other institutional investors own 62.49% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Cantor Fitzgerald raised their price target on shares of TeraWulf from $24.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, April 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of TeraWulf in a research note on Friday, March 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $21.00 price target on shares of TeraWulf in a research note on Wednesday, April 15th. Oppenheimer raised their price target on shares of TeraWulf from $20.00 to $25.00 and gave the stock an "outperform" rating in a research note on Monday, April 20th. Finally, Morgan Stanley reissued an "overweight" rating and set a $41.50 target price on shares of TeraWulf in a research report on Monday. Twelve analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TeraWulf currently has an average rating of "Moderate Buy" and a consensus price target of $25.31.

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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