Insider Selling: TeraWulf (NASDAQ:WULF) Director Sells 4,600 Shares of Stock

TeraWulf Inc. (NASDAQ:WULF) Director Amanda Fabiano sold 4,600 shares of TeraWulf stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $8.64, for a total transaction of $39,744.00. Following the transaction, the director directly owned 40,769 shares in the company, valued at $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

TeraWulf Price Performance

Shares of WULF stock opened at $9.28 on Thursday. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66. The firm’s 50-day moving average is $5.20 and its two-hundred day moving average is $4.10. TeraWulf Inc. has a 12 month low of $2.06 and a 12 month high of $10.71. The company has a market capitalization of $3.64 billion, a PE ratio of -26.51 and a beta of 3.17.

TeraWulf (NASDAQ:WULF) last issued its earnings results on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The firm had revenue of $47.64 million for the quarter, compared to analysts’ expectations of $46.30 million. During the same period last year, the firm earned ($0.03) earnings per share. TeraWulf’s revenue for the quarter was up 33.9% on a year-over-year basis. Analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On TeraWulf

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its stake in TeraWulf by 135.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock worth $29,000 after buying an additional 3,784 shares during the period. Steward Partners Investment Advisory LLC increased its stake in TeraWulf by 265.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock worth $29,000 after buying an additional 4,800 shares during the period. Advisors Asset Management Inc. increased its stake in TeraWulf by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock worth $30,000 after buying an additional 2,748 shares during the period. CoreCap Advisors LLC increased its stake in TeraWulf by 67.9% during the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company’s stock worth $43,000 after buying an additional 3,054 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in TeraWulf during the 2nd quarter worth approximately $41,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on WULF shares. Northland Securities set a $12.00 target price on shares of TeraWulf in a research note on Thursday, August 14th. Cantor Fitzgerald lifted their target price on shares of TeraWulf from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Rosenblatt Securities lifted their target price on shares of TeraWulf from $6.00 to $10.50 and gave the stock a “buy” rating in a research note on Friday, August 15th. Roth Capital boosted their price target on shares of TeraWulf from $7.00 to $12.50 and gave the company a “buy” rating in a research note on Friday, August 15th. Finally, JMP Securities boosted their price target on shares of TeraWulf from $7.00 to $13.00 and gave the company a “market outperform” rating in a research note on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $10.72.

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.