Insider Buying: TeraWulf (NASDAQ:WULF) Director Buys $10,012.74 in Stock

TeraWulf Inc. (NASDAQ:WULF) Director Michael Bucella purchased 654 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was bought at an average cost of $15.31 per share, for a total transaction of $10,012.74. Following the purchase, the director owned 270,783 shares in the company, valued at $4,145,687.73. This trade represents a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

TeraWulf Trading Up 6.1%

NASDAQ WULF opened at $15.22 on Thursday. TeraWulf Inc. has a 12 month low of $2.06 and a 12 month high of $18.51. The stock has a 50-day simple moving average of $14.62 and a 200 day simple moving average of $13.24. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 33.00. The company has a market capitalization of $6.45 billion, a PE ratio of -9.34 and a beta of 3.67.

Analyst Ratings Changes

A number of analysts recently weighed in on WULF shares. B. Riley Financial increased their price target on shares of TeraWulf from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TeraWulf in a research note on Monday, December 29th. Morgan Stanley started coverage on shares of TeraWulf in a report on Monday, February 9th. They issued an “overweight” rating and a $37.00 target price on the stock. Rosenblatt Securities boosted their price target on shares of TeraWulf from $20.00 to $23.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, Cantor Fitzgerald upped their price objective on shares of TeraWulf from $18.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Twelve equities research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.62.

Institutional Investors Weigh In On TeraWulf

Several institutional investors have recently added to or reduced their stakes in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in TeraWulf in the 4th quarter worth $62,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of TeraWulf by 421.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 81,632 shares of the company’s stock valued at $938,000 after purchasing an additional 65,986 shares in the last quarter. Hamilton Wealth LLC lifted its holdings in shares of TeraWulf by 14.1% in the fourth quarter. Hamilton Wealth LLC now owns 15,750 shares of the company’s stock valued at $181,000 after purchasing an additional 1,950 shares in the last quarter. Invesco Ltd. boosted its position in shares of TeraWulf by 149.8% during the fourth quarter. Invesco Ltd. now owns 3,575,310 shares of the company’s stock worth $41,080,000 after buying an additional 2,144,209 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of TeraWulf during the fourth quarter worth about $117,000. 62.49% of the stock is owned by institutional investors.

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.