39,000 Shares in TeraWulf Inc. (NASDAQ:WULF) Purchased by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of TeraWulf Inc. (NASDAQ:WULF) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 39,000 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WULF. Van ECK Associates Corp lifted its holdings in shares of TeraWulf by 74.2% in the fourth quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company’s stock valued at $26,964,000 after purchasing an additional 2,028,383 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in TeraWulf by 258.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock valued at $11,063,000 after acquiring an additional 1,704,013 shares in the last quarter. Geode Capital Management LLC boosted its holdings in TeraWulf by 12.9% during the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock worth $33,623,000 after acquiring an additional 820,354 shares during the last quarter. Tidal Investments LLC grew its stake in shares of TeraWulf by 1,389.8% in the 3rd quarter. Tidal Investments LLC now owns 868,692 shares of the company’s stock worth $4,065,000 after acquiring an additional 810,382 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of TeraWulf by 419.7% in the 3rd quarter. Barclays PLC now owns 424,748 shares of the company’s stock worth $1,989,000 after acquiring an additional 343,016 shares in the last quarter. 62.49% of the stock is owned by institutional investors.

TeraWulf Trading Up 1.1 %

TeraWulf stock opened at $3.72 on Thursday. The business’s 50 day simple moving average is $5.37 and its 200 day simple moving average is $5.57. TeraWulf Inc. has a 12 month low of $1.57 and a 12 month high of $9.30.

Wall Street Analysts Forecast Growth

WULF has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $9.50 price target on shares of TeraWulf in a research report on Monday, January 13th. Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $11.00 target price on shares of TeraWulf in a report on Monday, January 6th. B. Riley lifted their price target on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $8.64.

TeraWulf Company Profile

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.