80,567 Shares in TeraWulf Inc. $WULF Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in TeraWulf Inc. (NASDAQ:WULF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 80,567 shares of the company’s stock, valued at approximately $1,990,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in TeraWulf by 37.4% during the 4th quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock valued at $386,558,000 after purchasing an additional 9,162,958 shares during the last quarter. Engle Capital Management L.P. grew its stake in TeraWulf by 574.3% during the first quarter. Engle Capital Management L.P. now owns 2,950,100 shares of the company’s stock worth $42,570,000 after buying an additional 2,512,600 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in TeraWulf by 45.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 140,101 shares of the company’s stock worth $1,610,000 after buying an additional 43,574 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of TeraWulf by 178.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 151,005 shares of the company’s stock valued at $1,735,000 after acquiring an additional 96,843 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of TeraWulf in the 1st quarter worth approximately $53,418,000. 62.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other TeraWulf news, CEO Paul B. Prager sold 137,500 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $26.60, for a total transaction of $3,657,500.00. Following the transaction, the chief executive officer directly owned 3,945,052 shares in the company, valued at approximately $104,938,383.20. This represents a 3.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 15.90% of the company’s stock.

TeraWulf Stock Performance

WULF stock opened at $17.38 on Monday. The company has a market cap of $8.67 billion, a P/E ratio of -3.98 and a beta of 3.76. TeraWulf Inc. has a twelve month low of $8.14 and a twelve month high of $29.84. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 27.25. The business has a fifty day moving average of $21.66 and a 200-day moving average of $19.60.

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

Wall Street Analyst Weigh In

WULF has been the topic of a number of research analyst reports. Bank of America began coverage on TeraWulf in a research report on Monday, June 15th. They set a “buy” rating and a $34.00 price target on the stock. Chardan Capital reissued a “buy” rating and issued a $32.00 price objective on shares of TeraWulf in a research note on Wednesday, August 5th. Jefferies Financial Group started coverage on TeraWulf in a report on Thursday, May 14th. They set a “buy” rating and a $28.00 target price on the stock. Keefe, Bruyette & Woods lowered their target price on TeraWulf from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TeraWulf in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.21.

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.