TeraWulf Inc. (NASDAQ:WULF - Get Free Report) Director Michael Bucella acquired 752 shares of TeraWulf stock in a transaction dated Monday, March 9th. The stock was purchased at an average cost of $13.31 per share, with a total value of $10,009.12. Following the completion of the purchase, the director owned 272,214 shares of the company's stock, valued at approximately $3,623,168.34. This represents a 0.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
TeraWulf Stock Up 0.7%
Shares of WULF stock opened at $13.85 on Tuesday. The company has a debt-to-equity ratio of 33.00, a current ratio of 2.00 and a quick ratio of 2.00. TeraWulf Inc. has a one year low of $2.06 and a one year high of $18.51. The company's fifty day moving average price is $14.48 and its 200-day moving average price is $13.19. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of -8.50 and a beta of 3.66.
Analyst Ratings Changes
A number of equities research analysts have commented on WULF shares. Morgan Stanley started coverage on TeraWulf in a report on Monday, February 9th. They set an "overweight" rating and a $37.00 price target on the stock. Citigroup reiterated a "market outperform" rating on shares of TeraWulf in a research report on Tuesday, November 11th. Needham & Company LLC reissued a "buy" rating and set a $21.00 target price on shares of TeraWulf in a research note on Tuesday, February 3rd. Keefe, Bruyette & Woods raised TeraWulf from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, March 2nd. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of TeraWulf in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, TeraWulf presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.69.
Read Our Latest Stock Analysis on TeraWulf
Institutional Trading of TeraWulf
Several hedge funds have recently bought and sold shares of WULF. Vanguard Group Inc. boosted its holdings in shares of 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. Bank of America Corp DE lifted its position in shares of TeraWulf by 22.2% in the second quarter. Bank of America Corp DE now owns 14,392,299 shares of the company's stock worth $63,038,000 after buying an additional 2,617,617 shares in the last quarter. Morgan Stanley lifted its position in shares of TeraWulf by 8.1% in the fourth quarter. Morgan Stanley now owns 9,641,209 shares of the company's stock worth $110,778,000 after buying an additional 724,286 shares in the last quarter. Geode Capital Management LLC boosted its stake in TeraWulf by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 8,377,589 shares of the company's stock valued at $96,274,000 after buying an additional 318,842 shares during the last quarter. Finally, State Street Corp boosted its stake in TeraWulf by 4.2% during the fourth quarter. State Street Corp now owns 7,349,508 shares of the company's stock valued at $84,446,000 after buying an additional 298,645 shares during the last quarter. Hedge funds and other institutional investors own 62.49% of the company's stock.
About TeraWulf
(
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.
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