Arsenal Capital Advisors LLC Takes $730,000 Position in TeraWulf Inc. $WULF

Arsenal Capital Advisors LLC bought a new stake in TeraWulf Inc. (NASDAQ:WULF) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 63,565 shares of the company’s stock, valued at approximately $730,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WULF. Vanguard Group Inc. increased its stake in shares of 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 acquiring an additional 9,162,958 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of TeraWulf during the third quarter worth about $69,006,000. Wellington Management Group LLP increased its stake in shares of TeraWulf by 36,193.2% during the third quarter. Wellington Management Group LLP now owns 3,901,878 shares of the company’s stock worth $44,559,000 after acquiring an additional 3,891,127 shares during the period. Bank of America Corp DE raised its stake in shares of TeraWulf by 22.2% during the 2nd quarter. Bank of America Corp DE now owns 14,392,299 shares of the company’s stock worth $63,038,000 after buying an additional 2,617,617 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of TeraWulf during the 3rd quarter worth approximately $27,220,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Trading Down 8.4%

Shares of TeraWulf stock opened at $24.00 on Friday. TeraWulf Inc. has a 12-month low of $3.39 and a 12-month high of $27.47. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 33.00. The stock has a market cap of $11.89 billion, a PE ratio of -9.68 and a beta of 3.82. The company has a 50-day moving average of $21.07 and a two-hundred day moving average of $16.63.

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

Insider Transactions at TeraWulf

In other news, CEO Paul B. Prager sold 166,650 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $24.43, for a total transaction of $4,071,259.50. Following the completion of the transaction, the chief executive officer directly owned 4,249,202 shares of the company’s stock, valued at $103,808,004.86. This trade represents a 3.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael C. Bucella acquired 1,665 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of $15.04 per share, with a total value of $25,041.60. Following the completion of the purchase, the director owned 280,052 shares in the company, valued at approximately $4,211,982.08. This represents a 0.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 8,590 shares of company stock valued at $130,291 and sold 1,120,850 shares valued at $20,462,114. Corporate insiders own 15.90% of the company’s stock.

Wall Street Analysts Forecast Growth

WULF has been the subject of a number of analyst reports. Sanford C. Bernstein initiated coverage on TeraWulf in a research note on Wednesday. They set an “outperform” rating and a $46.00 target price for the company. Needham & Company LLC upped their price objective on TeraWulf from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Cantor Fitzgerald upped their price objective on TeraWulf from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Jefferies Financial Group initiated coverage on TeraWulf in a report on Thursday, May 14th. They set a “buy” rating and a $28.00 price objective on the stock. Finally, Lucid Cap Mkts raised TeraWulf to a “strong-buy” rating in a report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, TeraWulf currently has a consensus rating of “Moderate Buy” and an average price target of $31.72.

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.