TeraWulf (NASDAQ:WULF) Director Michael Bucella Buys 3,171 Shares

TeraWulf Inc. (NASDAQ:WULF) Director Michael Bucella purchased 3,171 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average price of $15.78 per share, with a total value of $50,038.38. Following the purchase, the director owned 270,129 shares in the company, valued at $4,262,635.62. This trade represents a 1.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

TeraWulf Price Performance

NASDAQ:WULF traded down $0.76 during trading hours on Thursday, hitting $14.61. The company’s stock had a trading volume of 14,984,546 shares, compared to its average volume of 31,398,707. The company has a debt-to-equity ratio of 33.00, a quick ratio of 1.03 and a current ratio of 2.00. TeraWulf Inc. has a 52-week low of $2.06 and a 52-week high of $18.51. The business’s 50-day moving average is $14.33 and its two-hundred day moving average is $13.05. The company has a market capitalization of $6.20 billion, a PE ratio of -8.96 and a beta of 3.67.

Hedge Funds Weigh In On TeraWulf

Several large investors have recently modified their holdings of the business. Kraematon Investment Advisors Inc. boosted its stake in TeraWulf by 2.3% during the fourth quarter. Kraematon Investment Advisors Inc. now owns 42,452 shares of the company’s stock worth $488,000 after buying an additional 952 shares during the last quarter. R Squared Ltd boosted its position in shares of TeraWulf by 5.0% during the 4th quarter. R Squared Ltd now owns 22,207 shares of the company’s stock valued at $255,000 after acquiring an additional 1,056 shares during the last quarter. Perigon Wealth Management LLC raised its stake in TeraWulf by 12.4% during the third quarter. Perigon Wealth Management LLC now owns 11,308 shares of the company’s stock worth $129,000 after purchasing an additional 1,250 shares during the period. Franklin Resources Inc. boosted its holdings in TeraWulf by 2.0% in the 4th quarter. Franklin Resources Inc. now owns 63,005 shares of the company’s stock valued at $724,000 after purchasing an additional 1,259 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in TeraWulf by 10.7% in the 3rd quarter. Rafferty Asset Management LLC now owns 13,325 shares of the company’s stock valued at $152,000 after purchasing an additional 1,293 shares during the last quarter. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on WULF. Cantor Fitzgerald upped their target price on TeraWulf from $18.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. B. Riley Financial boosted their price objective on TeraWulf from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Rosenblatt Securities lifted their price target on shares of TeraWulf from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Keefe, Bruyette & Woods raised TeraWulf from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Citigroup reissued a “market outperform” rating on shares of TeraWulf in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, TeraWulf presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.69.

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.