1,041,154 Shares in TeraWulf Inc. $WULF Acquired by Azora Capital LP

Azora Capital LP bought a new position in shares of TeraWulf Inc. (NASDAQ:WULF) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,041,154 shares of the company’s stock, valued at approximately $11,890,000. Azora Capital LP owned about 0.25% of TeraWulf at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in shares of TeraWulf by 36,193.2% during the third quarter. Wellington Management Group LLP now owns 3,901,878 shares of the company’s stock worth $44,559,000 after purchasing an additional 3,891,127 shares during the period. Bank of America Corp DE grew its stake in shares of TeraWulf by 22.2% in the second quarter. Bank of America Corp DE now owns 14,392,299 shares of the company’s stock worth $63,038,000 after purchasing an additional 2,617,617 shares during the last quarter. Jump Financial LLC acquired a new stake in TeraWulf in the third quarter valued at $27,220,000. Two Seas Capital LP increased its holdings in 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 purchasing an additional 2,072,729 shares during the period. Finally, Cooper Creek Partners Management LLC bought a new position in TeraWulf during the 2nd quarter worth $8,949,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on WULF. Rosenblatt Securities lifted their target price on TeraWulf from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of TeraWulf in a research report on Monday, December 29th. Cantor Fitzgerald lifted their price objective on TeraWulf from $18.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Morgan Stanley began coverage on TeraWulf in a report on Monday, February 9th. They issued an “overweight” rating and a $37.00 target price on the stock. Finally, Keefe, Bruyette & Woods decreased their target price on shares of TeraWulf from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.62.

Insiders Place Their Bets

In other TeraWulf news, Director Michael C. Bucella bought 3,171 shares of the stock in a transaction on Wednesday, March 4th. The stock was acquired at an average cost of $15.78 per share, for a total transaction of $50,038.38. Following the completion of the acquisition, the director owned 270,129 shares in the company, valued at $4,262,635.62. This trade represents a 1.19% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders purchased 6,594 shares of company stock valued at $100,059 in the last ninety days. Insiders own 19.90% of the company’s stock.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $14.67 on Friday. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of -9.00 and a beta of 3.67. The company has a debt-to-equity ratio of 33.00, a current ratio of 2.00 and a quick ratio of 2.00. The business’s 50-day moving average is $14.72 and its 200-day moving average is $13.32. TeraWulf Inc. has a 1 year low of $2.06 and a 1 year high of $18.51.

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.