Key Points
- TeraWulf CEO Paul Prager sold 166,650 shares on May 26 at an average price of $24.43, totaling about $4.07 million. The sale reduced his direct ownership by 3.77% and was disclosed in an SEC filing.
- The transaction was made under a pre-arranged Rule 10b5-1 trading plan, which usually lessens concerns about discretionary insider selling. Even so, the stock may face some sentiment pressure from the sale.
- TeraWulf continues to draw attention for its AI/data-center expansion, including a recent 1 GW campus acquisition in Kentucky, while analysts remain broadly bullish with multiple price-target increases and a consensus Moderate Buy rating.
TeraWulf Inc. (NASDAQ:WULF - Get Free Report) CEO Paul Prager sold 166,650 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $24.43, for a total value of $4,071,259.50. Following the transaction, the chief executive officer directly owned 4,249,202 shares of the company's stock, valued at approximately $103,808,004.86. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
TeraWulf Trading Down 1.3%
NASDAQ:WULF opened at $26.40 on Friday. The stock has a 50-day simple moving average of $19.89 and a 200-day simple moving average of $16.10. The stock has a market cap of $13.08 billion, a P/E ratio of -10.65 and a beta of 3.84. TeraWulf Inc. has a 1 year low of $3.39 and a 1 year high of $27.26. The company has a debt-to-equity ratio of 33.00, a quick ratio of 1.20 and a current ratio of 1.20.
TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data on Friday, May 8th. The company reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.82). The business had revenue of $34.01 million for the quarter, compared to analyst estimates of $34.69 million. TeraWulf had a negative return on equity of 305.07% and a negative net margin of 611.46%.The company's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.16) earnings per share. As a group, analysts anticipate that TeraWulf Inc. will post -0.64 earnings per share for the current fiscal year.
Key Stories Impacting TeraWulf
Here are the key news stories impacting TeraWulf this week:
- Positive Sentiment: TeraWulf acquired a 1 GW data center campus site in Boyd County, Kentucky, expanding its AI infrastructure pipeline and strengthening its long-term growth narrative. TeraWulf Rallies After Acquiring 1 GW Muskie AI Data Campus In Kentucky — Its Second In The State
- Positive Sentiment: Morgan Stanley reportedly raised its price target on TeraWulf after the company’s Q1 results, suggesting improved analyst confidence following recent execution and expansion updates. Morgan Stanley Lifts PT on TeraWulf Inc. (WULF) Following Q1 Results
- Positive Sentiment: Coverage highlighting TeraWulf’s power infrastructure advantages and AI build-out strategy may be supporting investor optimism around its ability to secure energy capacity for new projects. TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Positive Sentiment: Analyst commentary pointed to significant upside potential in the stock, adding to the bullish tone around TeraWulf’s AI/data-center transition. TeraWulf has an upside of 72%, this analyst says
- Neutral Sentiment: The CEO discussed demand for AI infrastructure and data-center electricity on CNBC, keeping attention on the company’s growth story but without a direct new financial update. Terawulf CEO on demand in AI infrastructure
- Neutral Sentiment: A pre-arranged stock sale by CEO Paul B. Prager was disclosed, but it was executed under a Rule 10b5-1 plan, which often limits how negatively investors interpret insider selling. SEC filing
- Negative Sentiment: The CEO sold 166,650 shares for about $4.1 million, which can still weigh on sentiment even though it was part of a planned trading program. SEC filing
Analyst Ratings Changes
Several research analysts have recently issued reports on WULF shares. Jefferies Financial Group started coverage on TeraWulf in a research report on Thursday, May 14th. They set a "buy" rating and a $28.00 price objective for the company. Oppenheimer restated an "outperform" rating and set a $35.00 price target on shares of TeraWulf in a research note on Wednesday. Morgan Stanley raised their price target on TeraWulf to $42.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 19th. B. Riley Financial raised their price target on TeraWulf from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods increased their price objective on TeraWulf from $25.00 to $33.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 12th. Thirteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $28.95.
Check Out Our Latest Report on TeraWulf
Hedge Funds Weigh In On TeraWulf
A number of large investors have recently modified their holdings of WULF. Advisory Services Network LLC acquired a new stake in shares of TeraWulf in the 3rd quarter valued at approximately $29,000. Vermillion Wealth Management Inc. lifted its holdings in shares of TeraWulf by 1,191.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company's stock valued at $30,000 after buying an additional 2,394 shares during the period. Solstein Capital LLC acquired a new stake in shares of TeraWulf in the 4th quarter valued at approximately $34,000. Comerica Bank lifted 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 valued at $35,000 after buying an additional 12,370 shares during the period. Finally, First United Bank & Trust acquired a new stake in shares of TeraWulf in the 1st quarter valued at approximately $37,000. 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.
Featured Articles
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].
