3,287,212 Shares in TeraWulf Inc. (NASDAQ:WULF) Purchased by Science & Technology Partners L.P.

Science & Technology Partners L.P. bought a new position in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,287,212 shares of the company's stock, valued at approximately $18,606,000. TeraWulf accounts for about 5.7% of Science & Technology Partners L.P.'s investment portfolio, making the stock its 9th biggest holding. Science & Technology Partners L.P. owned approximately 0.85% of TeraWulf at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Senator Investment Group LP bought a new position in shares of TeraWulf in the fourth quarter worth about $24,371,000. BIT Capital GmbH increased its holdings in TeraWulf by 169.4% in 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. Van ECK Associates Corp raised 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 valued at $26,964,000 after purchasing an additional 2,028,383 shares during the period. Wellington Management Group LLP lifted its stake in shares of TeraWulf by 1,760.0% during the 4th quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company's stock valued at $6,671,000 after buying an additional 1,115,228 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in TeraWulf by 21.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company's stock worth $30,387,000 after buying an additional 955,795 shares in the last quarter. 62.49% of the stock is owned by institutional investors.

TeraWulf Price Performance

Shares of TeraWulf stock traded down $0.04 during trading hours on Friday, reaching $3.00. The company's stock had a trading volume of 38,583,391 shares, compared to its average volume of 28,347,515. TeraWulf Inc. has a one year low of $1.91 and a one year high of $9.30. The firm has a 50 day moving average price of $3.07 and a 200-day moving average price of $5.14. The stock has a market cap of $1.15 billion, a P/E ratio of -15.00 and a beta of 2.76.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $35.00 million for the quarter, compared to the consensus estimate of $37.43 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. TeraWulf's quarterly revenue was up 50.2% 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WULF shares. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $11.00 price objective on shares of TeraWulf in a research note on Monday, January 6th. Keefe, Bruyette & Woods began coverage on TeraWulf in a research note on Wednesday, January 8th. They issued a "market perform" rating for the company. Atb Cap Markets raised shares of TeraWulf to a "strong-buy" rating in a report on Sunday, January 5th. Rosenblatt Securities lowered their target price on shares of TeraWulf from $10.00 to $4.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Jones Trading assumed coverage on shares of TeraWulf in a research note on Monday, March 31st. They set a "buy" rating and a $4.00 target price for the company. One 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, the stock presently has an average rating of "Buy" and a consensus target price of $7.86.

TeraWulf 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.