Cypress Point Wealth Management LLC Makes New Investment in TeraWulf Inc. $WULF

Cypress Point Wealth Management LLC acquired a new position in shares of TeraWulf Inc. (NASDAQ:WULF) in the 4th quarter, Holdings Channel.com reports. The firm acquired 25,500 shares of the company’s stock, valued at approximately $293,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in TeraWulf during the 3rd quarter worth about $29,000. GPS Wealth Strategies Group LLC raised its holdings in TeraWulf by 366.2% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 3,590 shares of the company’s stock worth $41,000 after purchasing an additional 2,820 shares during the last quarter. Activest Wealth Management bought a new stake in TeraWulf during the 4th quarter worth about $46,000. Financial Consulate Inc. bought a new stake in TeraWulf during the 3rd quarter worth about $57,000. Finally, PNC Financial Services Group Inc. raised its holdings in TeraWulf by 116.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,346 shares of the company’s stock worth $61,000 after purchasing an additional 2,874 shares during the last quarter. 62.49% of the stock is owned by institutional investors.

TeraWulf Stock Performance

Shares of WULF stock opened at $21.31 on Monday. The company has a debt-to-equity ratio of 33.00, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a market cap of $9.28 billion, a PE ratio of -13.07 and a beta of 3.84. The stock has a 50-day moving average of $17.04 and a 200-day moving average of $14.94. TeraWulf Inc. has a one year low of $2.89 and a one year high of $22.63.

Insider Activity

In other news, CFO Patrick Fleury sold 26,414 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $16.14, for a total value of $426,321.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael C. Bucella purchased 1,665 shares of the stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of $15.04 per share, with a total value of $25,041.60. Following the completion of the purchase, the director owned 280,052 shares in the company, valued at $4,211,982.08. The trade was a 0.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 13,094 shares of company stock valued at $200,392 and sold 954,200 shares valued at $16,390,854. 19.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WULF. Rosenblatt Securities reissued a “buy” rating and set a $23.00 price objective on shares of TeraWulf in a report on Wednesday, April 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of TeraWulf in a report on Friday, March 27th. Roth Mkm reaffirmed a “buy” rating and issued a $32.00 price target on shares of TeraWulf in a research note on Friday, April 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $41.50 price target on shares of TeraWulf in a research note on Monday, April 27th. Finally, Cantor Fitzgerald upped their price target on TeraWulf from $24.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Twelve investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.