Tidal Investments LLC Boosts Stake in TeraWulf Inc. (NASDAQ:WULF)

Tidal Investments LLC lifted its position in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 1,389.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 868,692 shares of the company's stock after buying an additional 810,382 shares during the quarter. Tidal Investments LLC owned approximately 0.23% of TeraWulf worth $4,065,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WULF. Aspect Partners LLC bought a new position in TeraWulf during the third quarter valued at approximately $26,000. Amalgamated Bank lifted its position in TeraWulf by 57.7% during the second quarter. Amalgamated Bank now owns 7,963 shares of the company's stock valued at $35,000 after buying an additional 2,912 shares during the period. FMR LLC raised its position in shares of TeraWulf by 22.0% in the 3rd quarter. FMR LLC now owns 7,803 shares of the company's stock worth $37,000 after purchasing an additional 1,408 shares during the last quarter. KBC Group NV purchased a new position in shares of TeraWulf in the 3rd quarter worth about $39,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of TeraWulf in the 2nd quarter worth about $44,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WULF has been the subject of a number of recent research reports. Rosenblatt Securities restated a "buy" rating and set a $10.00 price target on shares of TeraWulf in a research note on Thursday, December 5th. Northland Securities boosted their price target on TeraWulf from $8.00 to $10.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Stifel Canada cut TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, October 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $11.00 price objective on shares of TeraWulf in a report on Wednesday, December 4th. Finally, B. Riley restated a "buy" rating and set a $6.00 price target on shares of TeraWulf in a report on Monday, October 7th. Seven analysts have rated the stock with a buy rating and one has given 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 a consensus target price of $8.07.

TeraWulf Trading Down 6.5 %

TeraWulf stock traded down $0.49 during midday trading on Friday, reaching $7.04. The company's stock had a trading volume of 18,379,230 shares, compared to its average volume of 21,417,316. The stock's 50-day simple moving average is $6.62 and its 200-day simple moving average is $5.12. TeraWulf Inc. has a 52-week low of $1.24 and a 52-week high of $9.30.

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.