TeraWulf Inc. $WULF Stock Position Increased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in TeraWulf Inc. (NASDAQ:WULF) by 92.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 62,861 shares of the company’s stock after buying an additional 30,151 shares during the period. Quantinno Capital Management LP’s holdings in TeraWulf were worth $907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in WULF. Vanguard Group Inc. raised its holdings in shares of TeraWulf by 37.4% during the fourth quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock valued at $386,558,000 after buying an additional 9,162,958 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of TeraWulf during the third quarter worth approximately $69,006,000. Wellington Management Group LLP grew its holdings in TeraWulf by 36,193.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,901,878 shares of the company’s stock worth $44,559,000 after buying an additional 3,891,127 shares in the last quarter. Jennison Associates LLC bought a new position in TeraWulf in the 1st quarter worth approximately $53,418,000. Finally, Marshall Wace LLP increased its position in TeraWulf by 574.2% in the 4th quarter. Marshall Wace LLP now owns 3,186,200 shares of the company’s stock valued at $36,609,000 after acquiring an additional 2,713,587 shares during the period. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $17.38 on Monday. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of -3.98 and a beta of 3.76. TeraWulf Inc. has a 1 year low of $8.14 and a 1 year high of $29.84. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 27.25. The business has a fifty day simple moving average of $21.66 and a 200 day simple moving average of $19.60.

TeraWulf (NASDAQ:WULF) last issued its earnings results on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.70). TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The firm had revenue of $44.77 million during the quarter, compared to analysts’ expectations of $46.00 million. During the same quarter last year, the firm earned ($0.05) EPS. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that TeraWulf Inc. will post -0.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Jefferies Financial Group initiated coverage on TeraWulf in a research report on Thursday, May 14th. They set a “buy” rating and a $28.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $37.00 price target on shares of TeraWulf in a report on Wednesday, July 15th. Weiss Ratings restated a “sell (d-)” rating on shares of TeraWulf in a research note on Wednesday, June 24th. Compass Point set a $40.00 price objective on shares of TeraWulf in a report on Monday, July 6th. Finally, Northland Securities set a $30.00 price objective on shares of TeraWulf in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.21.

Insider Activity at TeraWulf

In related news, CEO Paul B. Prager sold 137,500 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $26.60, for a total value of $3,657,500.00. Following the completion of the sale, the chief executive officer owned 3,945,052 shares of the company’s stock, valued at approximately $104,938,383.20. The trade was a 3.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 15.90% of the company’s stock.

TeraWulf 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.