Cresset Asset Management LLC Has $6.81 Million Stake in TeraWulf Inc. $WULF

Cresset Asset Management LLC lowered its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 29.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 596,091 shares of the company’s stock after selling 254,596 shares during the period. Cresset Asset Management LLC owned about 0.15% of TeraWulf worth $6,807,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WULF. Nisa Investment Advisors LLC lifted its holdings in shares of TeraWulf by 135.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock worth $29,000 after acquiring an additional 3,784 shares during the period. Steward Partners Investment Advisory LLC raised its position in TeraWulf by 265.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock worth $29,000 after purchasing an additional 4,800 shares in the last quarter. Advisors Asset Management Inc. raised its position in TeraWulf by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock worth $30,000 after purchasing an additional 2,748 shares in the last quarter. Comerica Bank lifted its stake in TeraWulf by 3,748.5% during the first 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. Finally, Elevation Point Wealth Partners LLC acquired a new stake in TeraWulf during the second quarter valued at approximately $41,000. Institutional investors own 62.49% of the company’s stock.

Insider Transactions at TeraWulf

In related news, Director Michael C. Bucella acquired 3,171 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were purchased at an average price of $15.78 per share, with a total value of $50,038.38. Following the acquisition, the director directly owned 270,129 shares in the company, valued at $4,262,635.62. The trade was a 1.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 19.90% of the stock is currently owned by company insiders.

TeraWulf Trading Up 0.7%

Shares of WULF opened at $15.47 on Friday. The company has a debt-to-equity ratio of 33.00, a quick ratio of 1.03 and a current ratio of 2.00. The company has a market cap of $6.56 billion, a price-to-earnings ratio of -9.49 and a beta of 3.67. The stock has a fifty day moving average price of $14.39 and a two-hundred day moving average price of $13.07. TeraWulf Inc. has a 52-week low of $2.06 and a 52-week high of $18.51.

Analysts Set New Price Targets

WULF has been the topic of several analyst reports. B. Riley Financial upped their price objective on TeraWulf from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Citigroup reiterated a “market outperform” rating on shares of TeraWulf in a research report on Tuesday, November 11th. Morgan Stanley assumed coverage on TeraWulf in a report on Monday, February 9th. They set an “overweight” rating and a $37.00 price objective for the company. Cantor Fitzgerald boosted their target price on shares of TeraWulf from $18.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Keefe, Bruyette & Woods upgraded shares of TeraWulf from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday. One investment 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. Based on data from MarketBeat, TeraWulf presently has an average rating of “Moderate Buy” and an average target price of $20.69.

TeraWulf Profile

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.