Strategic Investment Solutions Inc. IL Invests $673,000 in TeraWulf Inc. $WULF

Strategic Investment Solutions Inc. IL acquired a new position in TeraWulf Inc. (NASDAQ:WULF) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 58,960 shares of the company’s stock, valued at approximately $673,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WULF. Advisory Services Network LLC purchased a new position in TeraWulf in the 3rd quarter worth approximately $29,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of 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 acquiring an additional 2,820 shares during the last quarter. Financial Consulate Inc. bought a new stake in shares of TeraWulf during the 3rd quarter worth $57,000. PNC Financial Services Group Inc. grew its position in TeraWulf by 116.3% in the third quarter. PNC Financial Services Group Inc. now owns 5,346 shares of the company’s stock worth $61,000 after acquiring an additional 2,874 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in TeraWulf by 265.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock worth $29,000 after acquiring an additional 4,800 shares in the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Stock Performance

NASDAQ WULF opened at $15.30 on Thursday. The company has a 50-day simple moving average of $14.89 and a two-hundred day simple moving average of $13.46. TeraWulf Inc. has a 12-month low of $2.06 and a 12-month high of $18.51. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of -9.39 and a beta of 3.67. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 33.00.

Insiders Place Their Bets

In related news, Director Michael C. Bucella bought 3,171 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average cost of $15.78 per share, for a total transaction of $50,038.38. Following the acquisition, the director directly owned 270,129 shares of the company’s stock, valued at $4,262,635.62. The trade was a 1.19% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders bought 6,594 shares of company stock worth $100,059. Corporate insiders own 19.90% of the company’s stock.

Analyst Upgrades and Downgrades

WULF has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $21.00 price target on shares of TeraWulf in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of TeraWulf in a report on Monday, December 29th. Keefe, Bruyette & Woods reduced their price objective on TeraWulf from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. Rosenblatt Securities raised their price objective on TeraWulf from $20.00 to $23.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, Morgan Stanley began coverage on TeraWulf in a research report on Monday, February 9th. They issued an “overweight” rating and a $37.00 target price for the company. Twelve analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.62.

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.