TeraWulf Inc. (NASDAQ:WULF) Shares Sold by Wealth High Governance Capital Ltda

Wealth High Governance Capital Ltda lessened its stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 89.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,402 shares of the company's stock after selling 537,598 shares during the quarter. Wealth High Governance Capital Ltda's holdings in TeraWulf were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its position in TeraWulf by 74.2% during the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of TeraWulf by 258.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company's stock worth $11,063,000 after purchasing an additional 1,704,013 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of TeraWulf by 12.9% during the third quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company's stock worth $33,623,000 after purchasing an additional 820,354 shares during the last quarter. Tidal Investments LLC grew its position in shares of TeraWulf by 1,389.8% in the third quarter. Tidal Investments LLC now owns 868,692 shares of the company's stock valued at $4,065,000 after purchasing an additional 810,382 shares during the period. Finally, Barclays PLC increased its stake in TeraWulf by 419.7% in the third 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 during the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

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TeraWulf Trading Up 9.0 %

NASDAQ:WULF traded up $0.27 during mid-day trading on Friday, hitting $3.26. The company had a trading volume of 46,169,146 shares, compared to its average volume of 44,744,836. The business has a fifty day simple moving average of $4.77 and a 200-day simple moving average of $5.50. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -16.30 and a beta of 2.70. TeraWulf Inc. has a 1 year low of $1.57 and a 1 year high of $9.30.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its earnings results on Friday, February 28th. The company reported ($0.08) EPS 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 analysts' expectations of $37.43 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The company's quarterly revenue was up 50.2% on a year-over-year basis. As a group, research analysts anticipate that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on WULF. Cantor Fitzgerald restated an "overweight" rating and issued a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. Northland Securities restated an "outperform" rating and issued a $10.00 target price on shares of TeraWulf in a report on Tuesday, December 24th. B. Riley increased their price target on shares of TeraWulf from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Needham & Company LLC reissued a "buy" rating and set a $9.50 price objective on shares of TeraWulf in a research note on Monday, January 13th. Finally, Atb Cap Markets raised TeraWulf to a "strong-buy" rating in a research report on Sunday, January 5th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $8.64.

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.