TeraWulf Inc. $WULF Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 92.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,861 shares of the company’s stock after purchasing an additional 30,151 shares during the period. Quantinno Capital Management LP’s holdings in TeraWulf were worth $907,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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. Voloridge Investment Management LLC acquired a new position in TeraWulf in the 3rd quarter worth $69,006,000. Wellington Management Group LLP lifted its holdings in TeraWulf by 36,193.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,901,878 shares of the company’s stock worth $44,559,000 after buying an additional 3,891,127 shares in the last quarter. Jennison Associates LLC purchased a new position in TeraWulf in the 1st quarter valued at about $53,418,000. Finally, Marshall Wace LLP boosted its position in TeraWulf by 574.2% in the 4th quarter. Marshall Wace LLP now owns 3,186,200 shares of the company’s stock valued at $36,609,000 after buying an additional 2,713,587 shares during the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Stock Performance

NASDAQ:WULF opened at $17.38 on Monday. The company has a market cap of $8.67 billion, a PE ratio of -3.98 and a beta of 3.76. The business’s 50 day moving average is $21.66 and its two-hundred day moving average is $19.60. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 27.25. TeraWulf Inc. has a 52 week low of $8.14 and a 52 week high of $29.84.

TeraWulf (NASDAQ:WULF) last posted 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 firm had revenue of $44.77 million for the quarter, compared to analyst estimates of $46.00 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The business’s revenue was down 6.0% on a year-over-year basis. On average, analysts predict that TeraWulf Inc. will post -0.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WULF. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $37.00 target price on shares of TeraWulf in a research report on Wednesday, July 15th. Zacks Research upgraded TeraWulf from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. Jefferies Financial Group began coverage on TeraWulf in a research report on Thursday, May 14th. They issued a “buy” rating and a $28.00 target price on the stock. Bank of America began coverage on TeraWulf in a research note on Monday, June 15th. They set a “buy” rating and a $34.00 target price for the company. Finally, Northland Securities set a $30.00 price target on shares of TeraWulf in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, TeraWulf currently has a consensus rating of “Moderate Buy” and an average target price of $34.21.

Insider Buying and Selling at TeraWulf

In other news, CEO Paul B. Prager sold 137,500 shares of the firm’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 transaction, the chief executive officer directly owned 3,945,052 shares in the company, valued at approximately $104,938,383.20. This trade represents a 3.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 15.90% of the company’s stock.

About TeraWulf

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.