Vanguard Group Inc. Grows Holdings in TeraWulf Inc. $WULF

Vanguard Group Inc. increased its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 37.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,643,009 shares of the company’s stock after buying an additional 9,162,958 shares during the period. Vanguard Group Inc. owned about 0.08% of TeraWulf worth $386,558,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Kraematon Investment Advisors Inc. increased its stake in shares of TeraWulf by 2.3% during the fourth quarter. Kraematon Investment Advisors Inc. now owns 42,452 shares of the company’s stock valued at $488,000 after buying an additional 952 shares during the period. Rafferty Asset Management LLC increased its stake in shares of TeraWulf by 10.7% during the third quarter. Rafferty Asset Management LLC now owns 13,325 shares of the company’s stock valued at $152,000 after buying an additional 1,293 shares during the period. Xponance Inc. increased its stake in shares of TeraWulf by 7.3% during the third quarter. Xponance Inc. now owns 22,215 shares of the company’s stock valued at $254,000 after buying an additional 1,503 shares during the period. Sei Investments Co. increased its stake in shares of TeraWulf by 5.2% during the second quarter. Sei Investments Co. now owns 37,529 shares of the company’s stock valued at $164,000 after buying an additional 1,869 shares during the period. Finally, Comerica Bank increased its stake in shares of TeraWulf by 9.2% during the third quarter. Comerica Bank now owns 24,439 shares of the company’s stock valued at $279,000 after buying an additional 2,055 shares during the period. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Insiders Place Their Bets

In other TeraWulf news, CFO Patrick Fleury sold 26,414 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $16.14, for a total value of $426,321.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael C. Bucella purchased 1,665 shares of the stock in a transaction on Friday, March 20th. The stock was acquired at an average cost of $15.04 per share, with a total value of $25,041.60. Following the acquisition, the director owned 280,052 shares of the company’s stock, valued at approximately $4,211,982.08. This represents a 0.60% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 13,094 shares of company stock valued at $200,392 and sold 954,200 shares valued at $16,390,854. Corporate insiders own 19.90% of the company’s stock.

Wall Street Analysts Forecast Growth

WULF has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $41.50 price objective on shares of TeraWulf in a research report on Monday, April 27th. Arete Research initiated coverage on TeraWulf in a research report on Monday, March 23rd. They set a “buy” rating and a $30.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TeraWulf in a research report on Friday, March 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $23.00 price objective on shares of TeraWulf in a research report on Wednesday, April 15th. Finally, Northland Securities set a $30.00 price objective on TeraWulf in a research report on Monday. Twelve equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.83.

TeraWulf Price Performance

Shares of WULF stock opened at $25.74 on Thursday. The company has a debt-to-equity ratio of 33.00, a current ratio of 2.00 and a quick ratio of 2.00. The company has a market cap of $11.21 billion, a P/E ratio of -15.79 and a beta of 3.84. The stock’s 50-day moving average is $17.41 and its 200 day moving average is $15.08. TeraWulf Inc. has a 1-year low of $2.89 and a 1-year high of $25.76.

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.