Key Points
- Director Michael Bucella purchased 3,171 shares of TeraWulf on March 4 at an average price of $15.78 (total ~$50,038), increasing his stake to 270,129 shares (a 1.19% rise), per an SEC filing.
- Analysts have become more bullish recently—multiple firms raised price targets and ratings, leaving the stock with a consensus rating of "Moderate Buy" and an average price target of $20.69, versus a recent share price of about $14.61.
- Institutional activity has grown materially, notably Invesco adding roughly 2.14 million shares in Q4, and overall hedge funds/institutions now own about 62.49% of the stock.
TeraWulf Inc. (NASDAQ:WULF - Get Free Report) Director Michael Bucella bought 3,171 shares of the business's stock in a transaction on Wednesday, March 4th. The shares were acquired at an average cost of $15.78 per share, with a total value of $50,038.38. Following the purchase, the director owned 270,129 shares of the company's stock, valued at $4,262,635.62. The trade was a 1.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
TeraWulf Trading Down 4.9%
Shares of TeraWulf stock traded down $0.76 during trading hours on Thursday, hitting $14.61. The company's stock had a trading volume of 14,984,546 shares, compared to its average volume of 31,398,707. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of -8.96 and a beta of 3.67. The company has a debt-to-equity ratio of 33.00, a quick ratio of 1.03 and a current ratio of 2.00. TeraWulf Inc. has a twelve month low of $2.06 and a twelve month high of $18.51. The firm has a fifty day moving average of $14.33 and a 200-day moving average of $13.05.
Analysts Set New Price Targets
A number of research firms have recently issued reports on WULF. Needham & Company LLC reissued a "buy" rating and issued a $21.00 price target on shares of TeraWulf in a research note on Tuesday, February 3rd. B. Riley Financial upped their price target on TeraWulf from $22.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, November 12th. Rosenblatt Securities lifted their price objective on TeraWulf from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Keefe, Bruyette & Woods raised TeraWulf from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday. Finally, Cantor Fitzgerald raised their price objective on shares of TeraWulf from $18.00 to $24.00 and gave the company an "overweight" rating in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.69.
Get Our Latest Analysis on WULF
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of WULF. Caitong International Asset Management Co. Ltd raised its stake in TeraWulf by 421.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 81,632 shares of the company's stock valued at $938,000 after acquiring an additional 65,986 shares during the last quarter. Hamilton Wealth LLC lifted its holdings in shares of TeraWulf by 14.1% during the fourth quarter. Hamilton Wealth LLC now owns 15,750 shares of the company's stock worth $181,000 after purchasing an additional 1,950 shares during the period. Invesco Ltd. grew its position in TeraWulf by 149.8% in the 4th quarter. Invesco Ltd. now owns 3,575,310 shares of the company's stock valued at $41,080,000 after buying an additional 2,144,209 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in TeraWulf in the 4th quarter valued at $117,000. Finally, Feynman Point Asset Management LLC acquired a new stake in shares of TeraWulf in the 4th quarter worth $1,930,000. 62.49% of the stock is owned by hedge funds and other institutional investors.
TeraWulf Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
