TeraWulf Inc. (NASDAQ:WULF - Get Free Report) CEO Paul Prager sold 79,200 shares of TeraWulf stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $20.62, for a total value of $1,633,104.00. Following the completion of the sale, the chief executive officer owned 884,320 shares of the company's stock, valued at $18,234,678.40. This trade represents a 8.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
TeraWulf Stock Down 2.9%
WULF opened at $20.80 on Wednesday. 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 stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of -12.76 and a beta of 3.69. The business has a 50-day moving average of $16.82 and a two-hundred day moving average of $14.85. TeraWulf Inc. has a 12 month low of $2.67 and a 12 month high of $21.60.
Analysts Set New Price Targets
WULF has been the subject of a number of research reports. Cantor Fitzgerald boosted their target price on TeraWulf from $24.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, April 9th. Rosenblatt Securities reiterated a "buy" rating and set a $23.00 target price on shares of TeraWulf in a report on Wednesday, April 15th. Roth Mkm reiterated a "buy" rating and set a $32.00 target price on shares of TeraWulf in a report on Friday, April 17th. Keefe, Bruyette & Woods decreased their target price on TeraWulf from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Wednesday, March 11th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $41.50 target price on shares of TeraWulf in a report on Monday. Twelve equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $25.31.
Check Out Our Latest Report on TeraWulf
Hedge Funds Weigh In On TeraWulf
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC boosted its holdings in TeraWulf by 11.4% in the 1st quarter. Private Advisor Group LLC now owns 25,204 shares of the company's stock worth $364,000 after acquiring an additional 2,572 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in TeraWulf in the 1st quarter worth approximately $172,000. Keybank National Association OH purchased a new position in TeraWulf in the 1st quarter worth approximately $272,000. Sippican Capital Advisors boosted its holdings in TeraWulf by 10.5% in the 1st quarter. Sippican Capital Advisors now owns 79,150 shares of the company's stock worth $1,142,000 after acquiring an additional 7,500 shares during the period. Finally, Apollon Wealth Management LLC purchased a new position in TeraWulf in the 1st quarter worth approximately $215,000. Hedge funds and other institutional investors own 62.49% of the company's stock.
TeraWulf Company Profile
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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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