TeraWulf Inc. (NASDAQ:WULF) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its holdings in TeraWulf Inc. (NASDAQ:WULF) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 755,411 shares of the company’s stock after selling 56,443 shares during the quarter. AQR Capital Management LLC owned about 0.20% of TeraWulf worth $4,276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in TeraWulf by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 7,636,552 shares of the company’s stock valued at $43,232,000 after purchasing an additional 453,429 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of TeraWulf by 21.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company’s stock valued at $30,387,000 after buying an additional 955,795 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of TeraWulf by 74.2% during the 4th quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company’s stock worth $26,964,000 after acquiring an additional 2,028,383 shares in the last quarter. Senator Investment Group LP bought a new stake in shares of TeraWulf during the 4th quarter worth $24,371,000. Finally, BIT Capital GmbH grew its holdings in shares of TeraWulf by 169.4% in the 4th quarter. BIT Capital GmbH now owns 3,975,768 shares of the company’s stock worth $22,503,000 after acquiring an additional 2,499,865 shares during the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $9.50 price target on shares of TeraWulf in a research report on Monday, January 13th. Jones Trading initiated coverage on shares of TeraWulf in a research note on Monday, March 31st. They set a “buy” rating and a $4.00 price objective for the company. Finally, Rosenblatt Securities dropped their target price on shares of TeraWulf from $10.00 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $7.86.

TeraWulf Stock Down 8.8 %

Shares of NASDAQ:WULF opened at $3.01 on Friday. The firm has a fifty day moving average of $2.89 and a two-hundred day moving average of $5.00. TeraWulf Inc. has a 12-month low of $1.91 and a 12-month high of $9.30. The firm has a market capitalization of $1.15 billion, a P/E ratio of -15.05 and a beta of 3.00.

TeraWulf (NASDAQ:WULF) last issued its earnings results on Friday, May 9th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The firm had revenue of $34.41 million during the quarter, compared to analysts’ expectations of $45.72 million. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. Equities research analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

About TeraWulf

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.