Paul Prager Sells 166,650 Shares of TeraWulf (NASDAQ:WULF) Stock

TeraWulf Inc. (NASDAQ:WULF) CEO Paul Prager sold 166,650 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $24.43, for a total value of $4,071,259.50. Following the completion of the sale, the chief executive officer directly owned 4,249,202 shares in the company, valued at $103,808,004.86. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TeraWulf Trading Down 3.2%

NASDAQ:WULF opened at $25.56 on Friday. TeraWulf Inc. has a 52-week low of $3.39 and a 52-week high of $27.26. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 33.00. The stock has a fifty day simple moving average of $20.10 and a 200-day simple moving average of $16.16. The company has a market capitalization of $12.67 billion, a PE ratio of -10.31 and a beta of 3.84.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings data on Friday, May 8th. The company reported ($1.01) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.82). The business had revenue of $34.01 million during the quarter, compared to analyst estimates of $34.69 million. TeraWulf had a negative net margin of 611.46% and a negative return on equity of 305.07%. TeraWulf’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.16) earnings per share. On average, equities research analysts expect that TeraWulf Inc. will post -0.96 earnings per share for the current fiscal year.

Key TeraWulf News

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf announced it acquired a 1 GW data center campus site in Boyd County, Kentucky, expanding its AI infrastructure footprint and reinforcing the company’s long-term growth narrative. TeraWulf Rallies After Acquiring 1 GW Muskie AI Data Campus In Kentucky — Its Second In The State
• Positive Sentiment: Several analysts turned more constructive on WULF, including Morgan Stanley raising its price target after Q1 results, which supports the stock’s recent strength. Morgan Stanley Lifts PT on TeraWulf Inc. (WULF) Following Q1 Results
• Positive Sentiment: Additional commentary highlighted TeraWulf’s power-infrastructure advantage in the AI build-out, keeping attention on its ability to secure energy capacity for future projects. TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
• Positive Sentiment: Analyst coverage also pointed to meaningful upside potential, adding to investor optimism around TeraWulf’s transformation into an AI infrastructure play. TeraWulf has an upside of 72%, this analyst says
• Neutral Sentiment: The CEO appeared on CNBC discussing demand for AI infrastructure and electricity, which keeps TeraWulf in the spotlight but did not include a new financial update. Terawulf CEO on demand in AI infrastructure
• Neutral Sentiment: The insider sale was executed under a pre-arranged Rule 10b5-1 plan, making it less concerning than an unexpected discretionary sale. SEC filing
• Negative Sentiment: CEO Paul Prager sold 166,650 shares for about $4.1 million, which can still weigh on sentiment despite being part of a planned trading program. SEC filing

Institutional Investors Weigh In On TeraWulf

Several hedge funds have recently made changes to their positions in WULF. Kraematon Investment Advisors Inc. increased its stake in TeraWulf by 2.3% during the fourth quarter. Kraematon Investment Advisors Inc. now owns 42,452 shares of the company’s stock worth $488,000 after acquiring an additional 952 shares during the last quarter. R Squared Ltd raised its holdings in shares of TeraWulf by 5.0% in the 4th quarter. R Squared Ltd now owns 22,207 shares of the company’s stock worth $255,000 after purchasing an additional 1,056 shares during the period. Franklin Resources Inc. lifted its stake in shares of TeraWulf by 2.0% in the 4th quarter. Franklin Resources Inc. now owns 63,005 shares of the company’s stock valued at $724,000 after purchasing an additional 1,259 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in shares of TeraWulf by 10.7% in the 3rd quarter. Rafferty Asset Management LLC now owns 13,325 shares of the company’s stock valued at $152,000 after purchasing an additional 1,293 shares in the last quarter. Finally, Xponance Inc. grew its holdings in shares of TeraWulf by 7.3% during the 3rd quarter. Xponance Inc. now owns 22,215 shares of the company’s stock worth $254,000 after purchasing an additional 1,503 shares during the period. Institutional investors and hedge funds own 62.49% of the company’s stock.

Analysts Set New Price Targets

WULF has been the topic of a number of analyst reports. Cantor Fitzgerald increased their target price on TeraWulf from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Rosenblatt Securities reissued a “buy” rating and issued a $27.00 price target on shares of TeraWulf in a report on Monday, May 11th. Arete Research initiated coverage on TeraWulf in a research report on Monday, March 23rd. They issued a “buy” rating and a $30.00 price objective on the stock. Jefferies Financial Group began 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. Finally, B. Riley Financial boosted their target price on shares of TeraWulf from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday. Thirteen equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.95.

TeraWulf Company 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.