24,745 Shares in TeraWulf Inc. $WULF Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC purchased a new position in TeraWulf Inc. (NASDAQ:WULF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,745 shares of the company’s stock, valued at approximately $284,000.

A number of other hedge funds also recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in TeraWulf in the third quarter valued at about $29,000. Comerica Bank boosted its stake in TeraWulf by 3,748.5% in the first quarter. Comerica Bank now owns 12,700 shares of the company’s stock valued at $35,000 after buying an additional 12,370 shares in the last quarter. Activest Wealth Management acquired a new stake in TeraWulf in the fourth quarter valued at about $46,000. Rafferty Asset Management LLC acquired a new stake in TeraWulf in the second quarter valued at about $53,000. Finally, PNC Financial Services Group Inc. boosted its stake in TeraWulf by 116.3% in the third quarter. PNC Financial Services Group Inc. now owns 5,346 shares of the company’s stock valued at $61,000 after buying an additional 2,874 shares in the last quarter. Institutional investors own 62.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WULF shares. Weiss Ratings restated a “sell (d-)” rating on shares of TeraWulf in a report on Friday, March 27th. Jefferies Financial Group started coverage on TeraWulf in a report on Thursday, May 14th. They set a “buy” rating and a $28.00 price target on the stock. Northland Securities set a $30.00 price target on TeraWulf in a report on Monday, May 4th. Oppenheimer restated an “outperform” rating and set a $35.00 price target on shares of TeraWulf in a report on Wednesday, May 27th. Finally, Needham & Company LLC boosted their price target on TeraWulf from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.72.

Insider Buying and Selling at TeraWulf

In other TeraWulf news, CEO Paul B. Prager sold 166,650 shares of the business’s stock in a transaction that occurred on 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. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Patrick Fleury sold 573,586 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $16.14, for a total value of $9,257,678.04. Following the completion of the transaction, the chief financial officer directly owned 3,205,000 shares in the company, valued at approximately $51,728,700. This trade represents a 15.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have acquired 9,269 shares of company stock valued at $140,341 and have sold 1,120,850 shares valued at $20,462,114. Insiders own 15.90% of the company’s stock.

TeraWulf Price Performance

TeraWulf stock opened at $26.16 on Thursday. The stock’s 50 day moving average is $20.72 and its 200 day moving average is $16.47. The company has a debt-to-equity ratio of 33.00, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $12.96 billion, a P/E ratio of -10.55 and a beta of 3.82. TeraWulf Inc. has a one year low of $3.39 and a one year high of $27.47.

TeraWulf (NASDAQ:WULF) last posted 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 company had revenue of $34.01 million during 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%.TeraWulf’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) earnings per share. As a group, research analysts expect that TeraWulf Inc. will post -0.96 EPS for the current year.

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.