Next Century Growth Investors LLC Raises Stake in TeraWulf Inc. $WULF

Next Century Growth Investors LLC increased its stake in shares of TeraWulf Inc. (NASDAQ:WULF) by 52.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,180,535 shares of the company’s stock after acquiring an additional 408,377 shares during the period. Next Century Growth Investors LLC’s holdings in TeraWulf were worth $13,564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kraematon Investment Advisors Inc. lifted its position in TeraWulf by 2.3% during the 4th quarter. Kraematon Investment Advisors Inc. now owns 42,452 shares of the company’s stock worth $488,000 after acquiring an additional 952 shares in the last quarter. R Squared Ltd lifted its position in TeraWulf by 5.0% during the 4th quarter. R Squared Ltd now owns 22,207 shares of the company’s stock worth $255,000 after acquiring an additional 1,056 shares in the last quarter. Franklin Resources Inc. lifted its position in TeraWulf by 2.0% during the 4th quarter. Franklin Resources Inc. now owns 63,005 shares of the company’s stock worth $724,000 after acquiring an additional 1,259 shares in the last quarter. Rafferty Asset Management LLC lifted its position in TeraWulf by 10.7% during the 3rd quarter. Rafferty Asset Management LLC now owns 13,325 shares of the company’s stock worth $152,000 after acquiring an additional 1,293 shares in the last quarter. Finally, Xponance Inc. lifted its position in TeraWulf by 7.3% during the 3rd quarter. Xponance Inc. now owns 22,215 shares of the company’s stock worth $254,000 after acquiring an additional 1,503 shares in the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Stock Performance

Shares of WULF opened at $26.06 on Friday. The business’s 50 day moving average is $22.12 and its two-hundred day moving average is $17.10. TeraWulf Inc. has a 52-week low of $3.39 and a 52-week high of $27.78. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of -10.51 and a beta of 3.82. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 33.00.

TeraWulf (NASDAQ:WULF) last announced its earnings results on Friday, May 8th. The company reported ($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.82). TeraWulf had a negative net margin of 611.46% and a negative return on equity of 305.07%. The business had revenue of $34.01 million during the quarter, compared to analyst estimates of $34.69 million. During the same period in the previous year, the company earned ($0.16) earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts forecast that TeraWulf Inc. will post -0.96 EPS for the current fiscal year.

Analysts Set New Price Targets

WULF has been the topic of several recent research reports. B. Riley Financial boosted their price target on TeraWulf from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Roth Mkm reissued a “buy” rating and set a $32.00 price target on shares of TeraWulf in a research report on Friday, April 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of TeraWulf in a research report on Friday, March 27th. Oppenheimer reissued an “outperform” rating and set a $35.00 price target on shares of TeraWulf in a research report on Wednesday, May 27th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $27.00 price target on shares of TeraWulf in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, TeraWulf presently has an average rating of “Moderate Buy” and an average target price of $31.72.

Insider Buying and Selling at TeraWulf

In other TeraWulf news, Director Michael C. Bucella bought 1,665 shares of the business’s stock in a transaction on Friday, March 20th. The shares were bought at an average cost of $15.04 per share, with a total value of $25,041.60. Following the transaction, the director directly owned 280,052 shares in the company, valued at approximately $4,211,982.08. This trade represents a 0.60% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Patrick Fleury sold 573,586 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $16.14, for a total value of $9,257,678.04. Following the completion of the transaction, the chief financial officer directly owned 3,205,000 shares in the company, valued at approximately $51,728,700. The trade was a 15.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have acquired 6,500 shares of company stock valued at $100,333 and have sold 1,120,850 shares valued at $20,462,114. 15.90% of the stock is currently owned by corporate insiders.

About TeraWulf

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.