ParaFi Capital LP Buys New Shares in TeraWulf Inc. $WULF

ParaFi Capital LP purchased a new stake in shares of TeraWulf Inc. (NASDAQ:WULF) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 200,200 shares of the company’s stock, valued at approximately $2,300,000. TeraWulf makes up 0.6% of ParaFi Capital LP’s investment portfolio, making the stock its 11th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in TeraWulf during the 3rd quarter valued at $29,000. Vermillion Wealth Management Inc. boosted its position in TeraWulf by 1,191.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company’s stock valued at $30,000 after buying an additional 2,394 shares during the period. Solstein Capital LLC purchased a new stake in TeraWulf during the 4th quarter valued at $34,000. Activest Wealth Management purchased a new stake in TeraWulf during the 4th quarter valued at $46,000. Finally, PNC Financial Services Group Inc. boosted its position in TeraWulf by 116.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,346 shares of the company’s stock valued at $61,000 after buying an additional 2,874 shares during the period. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Insider Transactions at TeraWulf

In related news, CEO Paul B. Prager sold 166,650 shares of TeraWulf stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $24.43, for a total transaction of $4,071,259.50. Following the completion of the transaction, the chief executive officer directly owned 4,249,202 shares of the company’s stock, valued at $103,808,004.86. This trade represents a 3.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Patrick Fleury sold 26,414 shares of TeraWulf stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $16.14, for a total transaction of $426,321.96. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 6,500 shares of company stock valued at $100,333 and sold 1,120,850 shares valued at $20,462,114. Corporate insiders own 15.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WULF shares. Cantor Fitzgerald increased their price target on shares of TeraWulf from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. 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. Lucid Cap Mkts raised shares of TeraWulf to a “strong-buy” rating in a research report on Wednesday, May 27th. Sanford C. Bernstein began coverage on shares of TeraWulf in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $46.00 price target for the company. Finally, Arete Research began coverage on shares of TeraWulf in a research report on Monday, March 23rd. They issued a “buy” rating and a $30.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.72.

TeraWulf Stock Performance

NASDAQ:WULF opened at $26.06 on Monday. The company has a 50-day moving average price of $22.12 and a 200-day moving average price of $17.13. TeraWulf Inc. has a 12 month low of $3.39 and a 12 month high of $27.78. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 33.00. The stock has a market cap of $12.91 billion, a price-to-earnings ratio of -10.51 and a beta of 3.82.

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

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.