Nkcfo LLC Trims Stock Position in TeraWulf Inc. (NASDAQ:WULF)

Nkcfo LLC lessened its holdings in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 80.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,000 shares of the company's stock after selling 160,000 shares during the period. Nkcfo LLC's holdings in TeraWulf were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in shares of TeraWulf by 258.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company's stock valued at $11,063,000 after purchasing an additional 1,704,013 shares in the last quarter. State Street Corp increased its stake in shares of TeraWulf by 3.8% in the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company's stock valued at $29,405,000 after purchasing an additional 227,186 shares in the last quarter. GoalVest Advisory LLC purchased a new position in shares of TeraWulf in the 4th quarter valued at about $651,000. Intech Investment Management LLC purchased a new position in shares of TeraWulf in the 3rd quarter valued at about $340,000. Finally, Barclays PLC increased its stake in shares of TeraWulf by 419.7% in the 3rd quarter. Barclays PLC now owns 424,748 shares of the company's stock valued at $1,989,000 after purchasing an additional 343,016 shares in the last quarter. Hedge funds and other institutional investors own 62.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WULF. Keefe, Bruyette & Woods began coverage on TeraWulf in a research note on Wednesday, January 8th. They issued a "market perform" rating for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $11.00 price objective on shares of TeraWulf in a report on Monday, January 6th. Needham & Company LLC reiterated a "buy" rating and issued a $9.50 price objective on shares of TeraWulf in a report on Monday, January 13th. Stifel Canada cut TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, October 29th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $10.00 price objective on shares of TeraWulf in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $8.64.

TeraWulf Trading Up 0.2 %

Shares of TeraWulf stock traded up $0.01 on Wednesday, hitting $4.72. 23,884,178 shares of the company were exchanged, compared to its average volume of 42,657,379. The company has a 50-day moving average price of $5.73 and a 200 day moving average price of $5.56. TeraWulf Inc. has a 1-year low of $1.57 and a 1-year high of $9.30.

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.