Key Points
- Director Walter Carter sold 130,626 TeraWulf shares at an average price of $15.14, generating approximately $1.98 million. The transaction reduced his holdings by 36.31%, leaving him with 229,090 shares.
- TeraWulf reported a significant quarterly loss, with EPS of negative $1.94 versus the consensus estimate of negative $0.24, while revenue fell 6% year over year to $44.77 million.
- Despite the insider sale and weak earnings, analysts maintain a “Moderate Buy” consensus on WULF, with a consensus price target of $34.21; institutional investors own 62.49% of the company.
TeraWulf Inc. (NASDAQ:WULF - Get Free Report) Director Walter Carter sold 130,626 shares of the company's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $15.14, for a total value of $1,977,677.64. Following the sale, the director owned 229,090 shares in the company, valued at $3,468,422.60. The trade was a 36.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
TeraWulf Stock Performance
Shares of WULF opened at $14.65 on Wednesday. The stock has a market capitalization of $7.31 billion, a PE ratio of -3.35 and a beta of 3.71. The business's fifty day moving average price is $18.96 and its 200 day moving average price is $19.70. The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75. TeraWulf Inc. has a 12-month low of $8.60 and a 12-month high of $29.84.
TeraWulf (NASDAQ:WULF - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($1.70). TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The business had revenue of $44.77 million for the quarter, compared to the consensus estimate of $46.00 million. During the same quarter in the previous year, the firm earned ($0.05) EPS. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. Equities research analysts forecast that TeraWulf Inc. will post -0.95 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have issued reports on WULF shares. Compass Point set a $40.00 target price on shares of TeraWulf in a research note on Monday, July 6th. Needham & Company LLC boosted their price target on TeraWulf from $28.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. HC Wainwright reiterated a "buy" rating on shares of TeraWulf in a research note on Friday, August 21st. Chardan Capital reissued a "buy" rating and set a $32.00 price objective on shares of TeraWulf in a report on Wednesday, August 5th. Finally, Morgan Stanley cut their target price on TeraWulf from $72.00 to $62.50 and set an "overweight" rating for the company in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, TeraWulf currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.21.
View Our Latest Stock Report on WULF
Institutional Investors Weigh In On TeraWulf
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WULF. Vanguard Group Inc. boosted its holdings in TeraWulf by 37.4% during the fourth quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company's stock worth $386,558,000 after buying an additional 9,162,958 shares during the last quarter. BlackRock Inc. bought a new stake in shares of TeraWulf in the 2nd quarter valued at about $577,805,000. Bank of America Corp DE increased its stake in shares of TeraWulf by 22.2% in the 2nd quarter. Bank of America Corp DE now owns 14,392,299 shares of the company's stock valued at $63,038,000 after acquiring an additional 2,617,617 shares during the last quarter. California State Teachers Retirement System boosted its stake in TeraWulf by 2,931.3% during the 2nd quarter. California State Teachers Retirement System now owns 10,861,356 shares of the company's stock worth $268,275,000 after acquiring an additional 10,503,051 shares during the last quarter. Finally, Morgan Stanley boosted its stake in TeraWulf by 8.1% during the 4th quarter. Morgan Stanley now owns 9,641,209 shares of the company's stock worth $110,778,000 after acquiring an additional 724,286 shares during the last quarter. Institutional investors own 62.49% of the company's stock.
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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