Fulcrum Asset Management LLP grew its position in shares of TeraWulf Inc. (NASDAQ:WULF – Free Report) by 368.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,558 shares of the company’s stock after purchasing an additional 64,928 shares during the quarter. Fulcrum Asset Management LLP’s holdings in TeraWulf were worth $1,246,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. CoreCap Advisors LLC lifted its position in TeraWulf by 106.7% in the 2nd quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock valued at $36,000 after acquiring an additional 747 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of TeraWulf in the second quarter worth approximately $41,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TeraWulf in the third quarter valued at approximately $45,000. Solstein Capital LLC bought a new position in shares of TeraWulf in the second quarter valued at approximately $74,000. Finally, Rosenberg Matthew Hamilton boosted its position in shares of TeraWulf by 1,795.4% during the third quarter. Rosenberg Matthew Hamilton now owns 5,383 shares of the company’s stock valued at $80,000 after buying an additional 5,099 shares during the last quarter. 62.49% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Zacks Research downgraded TeraWulf from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Chardan Capital restated a “buy” rating and set a $32.00 price objective on shares of TeraWulf in a research note on Wednesday, August 5th. Northland Securities set a $22.50 price objective on shares of TeraWulf in a report on Friday, November 6th. Jefferies Financial Group cut their price objective on shares of TeraWulf from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Cantor Fitzgerald reduced their target price on shares of TeraWulf from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, TeraWulf currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.18.
Check Out Our Latest Stock Report on WULF
Recent TeraWulf Headlines
Here are a few of the latest headlines about WULF:
- Positive Sentiment: Broader AI-infrastructure shares gained after CoreWeave’s earnings, providing a sector tailwind for TeraWulf. Article: TeraWulf Stock Rises With AI Infrastructure Stocks After CoreWeave Earnings
- Positive Sentiment: The company’s recent third-quarter results showed $76.2 million in revenue, including about $63 million from high-performance-computing leases. Its 20-year Anthropic lease covers approximately 401 MW and is expected to generate about $19 billion in contracted revenue; Google credit support and expanded revolving credit commitments also bolster the project’s financing outlook. Article: Why TeraWulf Stock Is Up Today
- Negative Sentiment: A Motley Fool analysis argued that Nebius may have better economics than colocation providers such as TeraWulf, citing higher per-megawatt pricing on shorter-term deals. That comparison raises questions about the revenue potential of TeraWulf’s long-term lease commitments. Article: Neoclouds Like Nebius Are Much Better Investments Than Colocation Companies Like TeraWulf
TeraWulf Stock Performance
WULF stock opened at $13.36 on Thursday. The firm has a market cap of $6.70 billion, a PE ratio of -4.09 and a beta of 4.00. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 5.35. The business has a 50 day moving average of $14.08 and a 200-day moving average of $17.94. TeraWulf Inc. has a 12-month low of $9.51 and a 12-month high of $29.84.
TeraWulf (NASDAQ:WULF – Get Free Report) last issued its quarterly earnings results on Friday, November 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. The company had revenue of $76.23 million during the quarter, compared to the consensus estimate of $62.49 million. TeraWulf had a positive return on equity of 87.30% and a negative net margin of 410.92%. TeraWulf’s revenue was up 50.7% on a year-over-year basis. During the same period last year, the business posted ($1.13) earnings per share. As a group, sell-side analysts expect that TeraWulf Inc. will post -0.48 earnings per share for the current year.
Insiders Place Their Bets
In other TeraWulf news, Director Michael Bucella acquired 6,085 shares of TeraWulf stock in a transaction on Tuesday, September 15th. The stock was purchased at an average price of $14.79 per share, for a total transaction of $89,997.15. Following the purchase, the director directly owned 350,789 shares of the company’s stock, valued at $5,188,169.31. This trade represents a 1.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Walter Carter sold 130,626 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $15.14, for a total value of $1,977,677.64. Following the sale, the director directly owned 229,090 shares of the company’s stock, valued at approximately $3,468,422.60. This represents a 36.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have acquired 11,968 shares of company stock valued at $189,962. Insiders own 15.90% of the company’s stock.
TeraWulf Company Profile
TeraWulf, Inc. develops and operates digital infrastructure, including facilities for Bitcoin mining and high-performance computing (HPC). The company focuses on locating its operations near sources of low-carbon energy and offers data center capacity designed for energy-intensive computing. Its Lake Mariner facility in New York is a key site for its mining and data center activities. TeraWulf has also operated in Pennsylvania through the Nautilus Cryptomine facility, reflecting its history of developing energy-intensive operations in the northeastern United States.
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