24,745 Shares in TeraWulf Inc. $WULF Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC purchased a new position in shares of TeraWulf Inc. (NASDAQ:WULF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,745 shares of the company’s stock, valued at approximately $284,000.

Several other institutional investors have also bought and sold shares of the stock. Comerica Bank grew its stake in TeraWulf by 3,748.5% in the 1st quarter. Comerica Bank now owns 12,700 shares of the company’s stock valued at $35,000 after purchasing an additional 12,370 shares during the period. Millennium Management LLC grew its stake in TeraWulf by 47.8% in the 1st quarter. Millennium Management LLC now owns 2,456,045 shares of the company’s stock valued at $6,705,000 after purchasing an additional 793,832 shares during the period. Envestnet Asset Management Inc. grew its stake in TeraWulf by 5.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 41,375 shares of the company’s stock valued at $181,000 after purchasing an additional 2,258 shares during the period. Creative Planning grew its stake in TeraWulf by 232.2% in the 2nd quarter. Creative Planning now owns 47,665 shares of the company’s stock valued at $209,000 after purchasing an additional 33,317 shares during the period. Finally, Franklin Resources Inc. grew its stake in TeraWulf by 10.6% in the 2nd quarter. Franklin Resources Inc. now owns 56,684 shares of the company’s stock valued at $248,000 after purchasing an additional 5,432 shares during the period. Institutional investors own 62.49% of the company’s stock.

Analyst Ratings Changes

WULF has been the subject of a number of recent analyst reports. Citigroup restated an “outperform” rating on shares of TeraWulf in a research note on Thursday, May 7th. Oppenheimer restated an “outperform” rating and issued a $35.00 price objective on shares of TeraWulf in a research note on Wednesday, May 27th. Roth Mkm restated a “buy” rating and issued a $32.00 price objective on shares of TeraWulf in a research note on Friday, April 17th. Cantor Fitzgerald upped their price objective on TeraWulf from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, Keefe, Bruyette & Woods upped their price objective on TeraWulf from $25.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.72.

TeraWulf Stock Down 1.2%

Shares of NASDAQ WULF opened at $26.16 on Thursday. TeraWulf Inc. has a one year low of $3.39 and a one year high of $27.47. The company has a debt-to-equity ratio of 33.00, a current ratio of 1.20 and a quick ratio of 1.20. The business’s fifty day moving average price is $20.72 and its 200-day moving average price is $16.47. The stock has a market capitalization of $12.96 billion, a PE ratio of -10.55 and a beta of 3.82.

TeraWulf (NASDAQ:WULF) last issued 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). TeraWulf had a negative net margin of 611.46% and a negative return on equity of 305.07%. The firm had revenue of $34.01 million for the quarter, compared to analysts’ expectations of $34.69 million. During the same period in the prior year, the company earned ($0.16) EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities research analysts anticipate that TeraWulf Inc. will post -0.96 EPS for the current year.

Insider Activity

In other news, CFO Patrick Fleury sold 573,586 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $16.14, for a total transaction of $9,257,678.04. Following the transaction, the chief financial officer owned 3,205,000 shares of the company’s stock, valued at $51,728,700. This represents a 15.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Paul B. Prager sold 166,650 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $24.43, for a total value of $4,071,259.50. Following the transaction, the chief executive officer directly owned 4,249,202 shares in the company, valued at $103,808,004.86. This represents a 3.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have bought 9,269 shares of company stock valued at $140,341 and have sold 1,120,850 shares valued at $20,462,114. Insiders own 15.90% of the company’s stock.

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.