GSA Capital Partners LLP Acquires New Holdings in TeraWulf Inc. $WULF

GSA Capital Partners LLP bought a new position in TeraWulf Inc. (NASDAQ:WULF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 80,567 shares of the company’s stock, valued at approximately $1,990,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of TeraWulf by 37.4% in the fourth quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock valued at $386,558,000 after purchasing an additional 9,162,958 shares during the period. Bank of America Corp DE boosted its holdings 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 during the period. Morgan Stanley boosted its holdings in shares of TeraWulf by 8.1% during the 4th quarter. Morgan Stanley now owns 9,641,209 shares of the company’s stock worth $110,778,000 after buying an additional 724,286 shares during the period. Geode Capital Management LLC grew its stake in TeraWulf by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 8,377,589 shares of the company’s stock valued at $96,274,000 after buying an additional 318,842 shares during the last quarter. Finally, State Street Corp grew its stake in TeraWulf by 4.2% in the 4th quarter. State Street Corp now owns 7,349,508 shares of the company’s stock valued at $84,446,000 after buying an additional 298,645 shares during the last quarter. Institutional investors own 62.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Northland Securities set a $30.00 target price on shares of TeraWulf in a report on Monday, May 4th. B. Riley Financial raised their price target on TeraWulf from $32.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 price target on shares of TeraWulf in a research report on Thursday, August 6th. Zacks Research upgraded TeraWulf from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Compass Point set a $40.00 price objective on TeraWulf in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.21.

TeraWulf Price Performance

Shares of WULF stock opened at $17.38 on Monday. TeraWulf Inc. has a one year low of $8.14 and a one year high of $29.84. The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a fifty day moving average price of $21.66 and a 200 day moving average price of $19.60. The stock has a market cap of $8.67 billion, a P/E ratio of -3.98 and a beta of 3.76.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($1.70). TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The business had revenue of $44.77 million during the quarter, compared to the consensus estimate of $46.00 million. During the same period last year, the firm earned ($0.05) EPS. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. Analysts predict that TeraWulf Inc. will post -0.94 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Paul B. Prager sold 137,500 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $26.60, for a total value of $3,657,500.00. Following the sale, the chief executive officer owned 3,945,052 shares of the company’s stock, valued at $104,938,383.20. The trade was a 3.37% decrease in their ownership of the stock. 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. 15.90% of the stock is currently owned by insiders.

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.