Landscape Capital Management L.L.C. Purchases Shares of 158,718 TeraWulf Inc. $WULF

Landscape Capital Management L.L.C. acquired a new position in shares of TeraWulf Inc. (NASDAQ:WULF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 158,718 shares of the company’s stock, valued at approximately $3,920,000.

A number of other institutional investors also recently made changes to their positions in WULF. CoreCap Advisors LLC boosted its holdings in shares of TeraWulf by 106.7% during the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock worth $36,000 after acquiring an additional 747 shares during the period. Advisory Services Network LLC bought a new position in shares of TeraWulf during the third quarter worth approximately $29,000. First United Bank & Trust acquired a new stake in TeraWulf during the 1st quarter worth approximately $37,000. Vermillion Wealth Management Inc. lifted 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 worth $30,000 after purchasing an additional 2,394 shares during the last quarter. Finally, Solstein Capital LLC bought a new stake in TeraWulf in the 4th quarter valued at $34,000. Institutional investors own 62.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on WULF. Northland Securities set a $30.00 price objective on TeraWulf in a report on Monday, May 4th. Oppenheimer reissued an “outperform” rating and set a $35.00 target price on shares of TeraWulf in a report on Wednesday, May 27th. Rosenblatt Securities restated a “buy” rating and issued a $30.00 price target on shares of TeraWulf in a research note on Friday. Chardan Capital restated a “buy” rating and issued a $32.00 price target on shares of TeraWulf in a research note on Wednesday, August 5th. Finally, Compass Point set a $40.00 price target on shares of TeraWulf in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.21.

TeraWulf Trading Down 4.9%

Shares of WULF stock opened at $15.64 on Friday. The stock has a market cap of $7.80 billion, a P/E ratio of -3.58 and a beta of 3.76. TeraWulf Inc. has a 1 year low of $8.60 and a 1 year high of $29.84. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 27.25. The stock has a 50 day simple moving average of $20.76 and a 200 day simple moving average of $19.62.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.70). The company had revenue of $44.77 million for the quarter, compared to the consensus estimate of $46.00 million. TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%.TeraWulf’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.05) EPS. On average, research analysts predict that TeraWulf Inc. will post -0.94 earnings per share for the current fiscal year.

Insider Buying and Selling at TeraWulf

In related news, Director Michael C. Bucella purchased 2,860 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average price of $17.47 per share, for a total transaction of $49,964.20. Following the completion of the transaction, the director owned 344,704 shares of the company’s stock, valued at approximately $6,021,978.88. This trade represents a 0.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Paul B. Prager sold 137,500 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $26.60, for a total value of $3,657,500.00. Following the completion of the transaction, the chief executive officer directly owned 3,945,052 shares of the company’s stock, valued at approximately $104,938,383.20. This trade represents a 3.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 15.90% of the company’s stock.

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.