Key Points
- CEO Paul Prager sold 137,500 shares at an average price of $16.10 on March 24 for about $2.21 million, reducing his ownership by roughly 28% to 354,200 shares.
- Analyst sentiment is broadly positive with a consensus rating of Moderate Buy and a consensus price target of $21.29, including buy/overweight calls from Morgan Stanley, Needham and Rosenblatt.
- TeraWulf is promoting a strategic pivot toward becoming an AI data‑center supplier while continuing zero‑carbon bitcoin mining, and institutional ownership is high at about 62.49%, with notable inflows such as Millennium Management’s ~48% increase.
TeraWulf Inc. (NASDAQ:WULF - Get Free Report) CEO Paul Prager sold 137,500 shares of the company's stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $16.10, for a total transaction of $2,213,750.00. Following the completion of the sale, the chief executive officer directly owned 354,200 shares of the company's stock, valued at $5,702,620. The trade was a 27.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
TeraWulf Trading Up 3.9%
NASDAQ:WULF opened at $16.86 on Thursday. TeraWulf Inc. has a 52 week low of $2.06 and a 52 week high of $18.51. The firm has a 50-day moving average price of $15.13 and a two-hundred day moving average price of $13.69. The company has a debt-to-equity ratio of 33.00, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of -10.34 and a beta of 3.67.
Analysts Set New Price Targets
WULF has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $21.00 price target on shares of TeraWulf in a report on Tuesday, February 3rd. Weiss Ratings restated a "sell (d-)" rating on shares of TeraWulf in a research note on Monday, December 29th. Morgan Stanley initiated coverage on TeraWulf in a research report on Monday, February 9th. They set an "overweight" rating and a $37.00 target price for the company. Rosenblatt Securities reiterated a "buy" rating and set a $23.00 target price on shares of TeraWulf in a research note on Thursday, March 19th. Finally, Keefe, Bruyette & Woods lowered their target price on TeraWulf from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 11th. Thirteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.29.
Get Our Latest Report on WULF
Trending Headlines about TeraWulf
Here are the key news stories impacting TeraWulf this week:
- Positive Sentiment: Arete Research initiated coverage with a Buy rating, providing a fresh buy-side catalyst and research coverage that can attract new institutional interest. Arete Research Begins Coverage on TeraWulf
- Positive Sentiment: A Morgan Stanley-backed publication highlighted an 86% upside target for a crypto-related stock narrative that included TeraWulf, supporting bullish analyst sentiment and potential upside re-ratings. Morgan Stanley-backed crypto stock gets 86% upside rating
- Positive Sentiment: Company messaging on a strategic pivot — positioning TeraWulf as an AI data-center supplier beyond pure crypto mining — gives investors a higher-growth narrative that could justify multiple expansion if execution follows. Terawulf CEO on pivoting the business from crypto mining to AI data center supplier
- Positive Sentiment: Coverage noting recent insider buying activity helped lift sentiment earlier in the session, suggesting some management/director-level confidence from other insiders. TeraWulf Shares Up 12% After Insider Buying Activity
- Neutral Sentiment: Short-interest reports in reports appear inconsistent/zeroed out (likely data/reporting issue), so there’s no clear short-squeeze signal to read into from recent filings.
- Neutral Sentiment: Regional energy policy shifts — e.g., Maryland supporting coal-to-gas plant conversions — change local generation mixes but have an indirect and uncertain impact on TeraWulf’s energy-sourcing strategy. Maryland governor backs retired coal plant’s conversion to gas
- Negative Sentiment: CEO Paul B. Prager sold 137,500 shares (about $2.2M at the transaction price), reducing his stake by roughly 28% — a material insider sale that can spook investors and raises questions about timing/intent. SEC Form 4 - Paul B. Prager
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Comerica Bank raised its holdings in shares of TeraWulf by 3,748.5% in the 1st quarter. Comerica Bank now owns 12,700 shares of the company's stock worth $35,000 after purchasing an additional 12,370 shares during the period. Millennium Management LLC grew its holdings in TeraWulf by 47.8% during the first quarter. Millennium Management LLC now owns 2,456,045 shares of the company's stock valued at $6,705,000 after purchasing an additional 793,832 shares during the period. Envestnet Asset Management Inc. increased its position in TeraWulf by 5.8% in the second quarter. Envestnet Asset Management Inc. now owns 41,375 shares of the company's stock worth $181,000 after buying an additional 2,258 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in TeraWulf by 5.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 59,677 shares of the company's stock worth $261,000 after buying an additional 2,905 shares during the last quarter. Finally, Creative Planning raised its stake in shares of TeraWulf by 232.2% in the second quarter. Creative Planning now owns 47,665 shares of the company's stock valued at $209,000 after buying an additional 33,317 shares during the period. 62.49% of the stock is owned by 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.
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