First Dallas Securities Inc. Acquires 131,500 Shares of TeraWulf Inc. $WULF

First Dallas Securities Inc. boosted its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 99.2% during the third quarter, Holdings Channel.com reports. The firm owned 264,000 shares of the company’s stock after acquiring an additional 131,500 shares during the period. TeraWulf accounts for about 1.1% of First Dallas Securities Inc.’s portfolio, making the stock its 26th largest position. First Dallas Securities Inc.’s holdings in TeraWulf were worth $3,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Thames Capital Management LLC bought a new stake in TeraWulf in the second quarter worth $4,970,000. Two Seas Capital LP raised its stake in shares of TeraWulf by 966.9% in the second quarter. Two Seas Capital LP now owns 2,287,100 shares of the company’s stock valued at $10,017,000 after acquiring an additional 2,072,729 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of TeraWulf by 27.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,507,973 shares of the company’s stock worth $17,221,000 after acquiring an additional 325,148 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of TeraWulf by 420.6% in the 3rd quarter. Voya Investment Management LLC now owns 375,754 shares of the company’s stock worth $4,291,000 after acquiring an additional 303,583 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of TeraWulf by 53.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,019,299 shares of the company’s stock worth $11,640,000 after purchasing an additional 353,337 shares during the period. Institutional investors own 62.49% of the company’s stock.

Insider Activity at TeraWulf

In other news, Director Michael C. Bucella acquired 4,178 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average cost of $12.01 per share, for a total transaction of $50,177.78. Following the completion of the acquisition, the director directly owned 266,958 shares of the company’s stock, valued at $3,206,165.58. The trade was a 1.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 19.90% of the company’s stock.

TeraWulf Stock Up 19.9%

Shares of NASDAQ WULF opened at $14.29 on Friday. TeraWulf Inc. has a 52-week low of $2.06 and a 52-week high of $17.05. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of -10.06 and a beta of 3.69. The stock has a 50 day moving average price of $13.47 and a 200 day moving average price of $11.71. The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.03 and a current ratio of 1.03.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings data on Monday, November 10th. The company reported ($1.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($1.09). TeraWulf had a negative return on equity of 69.75% and a negative net margin of 336.53%.The firm had revenue of $50.58 million for the quarter, compared to analysts’ expectations of $56.27 million. The business’s quarterly revenue was up 86.9% on a year-over-year basis. Sell-side analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup reissued a “market outperform” rating on shares of TeraWulf in a research report on Tuesday, November 11th. Wall Street Zen downgraded TeraWulf from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Oppenheimer assumed coverage on TeraWulf in a research note on Tuesday, October 28th. They set an “outperform” rating and a $20.00 price target for the company. UBS Group set a $18.25 price objective on TeraWulf in a research report on Friday, October 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of TeraWulf in a research report on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.15.

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.