Troluce Capital Advisors LLC Buys New Stake in TeraWulf Inc. $WULF

Troluce Capital Advisors LLC purchased a new stake in TeraWulf Inc. (NASDAQ:WULF) during the first quarter, HoldingsChannel.com reports. The fund purchased 2,300,000 shares of the company’s stock, valued at approximately $33,189,000. TeraWulf makes up approximately 2.0% of Troluce Capital Advisors LLC’s holdings, making the stock its 9th largest holding.

Other large investors have also modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of TeraWulf in the third quarter valued at approximately $29,000. Vermillion Wealth Management Inc. increased its holdings in TeraWulf by 1,191.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company’s stock valued at $30,000 after acquiring an additional 2,394 shares in the last quarter. Solstein Capital LLC acquired a new position in TeraWulf in the 4th quarter valued at about $34,000. Comerica Bank lifted its stake in shares of TeraWulf by 3,748.5% during the 1st quarter. Comerica Bank now owns 12,700 shares of the company’s stock worth $35,000 after purchasing an additional 12,370 shares during the period. Finally, First United Bank & Trust acquired a new stake in shares of TeraWulf in the first quarter worth approximately $37,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Citigroup started coverage on shares of TeraWulf in a research report on Monday, June 29th. They issued a “buy” rating and a $36.00 price objective on the stock. Zacks Research downgraded TeraWulf from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Bank of America initiated coverage on TeraWulf in a research report on Monday, June 15th. They set a “buy” rating and a $34.00 price target for the company. Jefferies Financial Group started coverage on TeraWulf in a research note on Thursday, May 14th. They issued a “buy” rating and a $28.00 price target for the company. Finally, Roth Capital reissued a “buy” rating and issued a $32.00 target price on shares of TeraWulf in a research note on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, TeraWulf presently has an average rating of “Moderate Buy” and an average price target of $34.46.

Insiders Place Their Bets

In other TeraWulf news, CEO Paul B. Prager sold 166,650 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 4,249,202 shares of the company’s stock, valued at $103,808,004.86. The trade was a 3.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 383,350 shares of company stock valued at $9,361,864. 15.90% of the stock is currently owned by insiders.

TeraWulf Price Performance

Shares of WULF opened at $18.46 on Monday. The company has a debt-to-equity ratio of 33.00, a quick ratio of 1.20 and a current ratio of 1.20. The business’s 50 day moving average price is $23.76 and its two-hundred day moving average price is $19.20. The firm has a market cap of $9.15 billion, a PE ratio of -7.44 and a beta of 3.73. TeraWulf Inc. has a 52-week low of $4.64 and a 52-week high of $29.84.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Friday, May 8th. The company reported ($1.01) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.82). The business had revenue of $34.01 million for the quarter, compared to the consensus estimate of $34.69 million. TeraWulf had a negative net margin of 611.46% and a negative return on equity of 305.07%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.16) EPS. On average, equities analysts anticipate that TeraWulf Inc. will post -1.09 EPS for the current year.

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.