TeraWulf Inc. (NASDAQ:WULF) Shares Sold by Wealth High Governance Capital Ltda

Wealth High Governance Capital Ltda decreased its stake in TeraWulf Inc. (NASDAQ:WULF) by 89.6% in the 4th quarter, Holdings Channel reports. The firm owned 62,402 shares of the company’s stock after selling 537,598 shares during the quarter. Wealth High Governance Capital Ltda’s holdings in TeraWulf were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WULF. Creative Planning purchased a new position in TeraWulf during the 3rd quarter valued at about $54,000. Victory Capital Management Inc. grew its holdings in shares of TeraWulf by 13.3% during the third quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock worth $163,000 after buying an additional 4,093 shares in the last quarter. KBC Group NV purchased a new stake in shares of TeraWulf during the third quarter worth about $39,000. Sargent Investment Group LLC grew its holdings in shares of TeraWulf by 11.7% during the third quarter. Sargent Investment Group LLC now owns 201,040 shares of the company’s stock worth $941,000 after buying an additional 21,040 shares in the last quarter. Finally, Chesapeake Capital Corp IL grew its holdings in shares of TeraWulf by 6.6% during the third quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company’s stock worth $136,000 after buying an additional 1,700 shares in the last quarter. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

TeraWulf Trading Up 2.9 %

NASDAQ WULF opened at $3.16 on Wednesday. The company’s fifty day simple moving average is $4.93 and its 200-day simple moving average is $5.54. TeraWulf Inc. has a 52 week low of $1.57 and a 52 week high of $9.30. The stock has a market cap of $1.22 billion, a P/E ratio of -15.80 and a beta of 2.70.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Friday, February 28th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The firm had revenue of $35.00 million for the quarter, compared to analyst estimates of $37.43 million. TeraWulf’s quarterly revenue was up 50.2% compared to the same quarter last year. On average, research analysts expect that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WULF shares. Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. Northland Securities reissued an “outperform” rating and issued a $10.00 target price on shares of TeraWulf in a research report on Tuesday, December 24th. Needham & Company LLC reissued a “buy” rating and issued a $9.50 target price on shares of TeraWulf in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of TeraWulf in a research report on Wednesday, January 8th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price 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.