State of New Jersey Common Pension Fund D Takes $2.07 Million Position in TeraWulf Inc. $WULF

State of New Jersey Common Pension Fund D bought a new stake in TeraWulf Inc. (NASDAQ:WULF) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 179,738 shares of the company’s stock, valued at approximately $2,065,000.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in TeraWulf by 37.4% during the fourth quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock worth $386,558,000 after buying an additional 9,162,958 shares during the last quarter. Bank of America Corp DE increased its holdings in TeraWulf by 22.2% during the second quarter. Bank of America Corp DE now owns 14,392,299 shares of the company’s stock worth $63,038,000 after buying an additional 2,617,617 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in TeraWulf during the third quarter worth about $69,006,000. Wellington Management Group LLP increased its holdings in TeraWulf by 36,193.2% during the third quarter. Wellington Management Group LLP now owns 3,901,878 shares of the company’s stock worth $44,559,000 after buying an additional 3,891,127 shares during the last quarter. Finally, Two Seas Capital LP increased its holdings in TeraWulf by 68.4% during the third quarter. Two Seas Capital LP now owns 3,851,188 shares of the company’s stock worth $43,981,000 after buying an additional 1,564,088 shares during the last quarter. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Key Headlines Impacting TeraWulf

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf said it is making progress on its AI infrastructure pivot, with $21 million in HPC lease revenue and a development timeline that remains on track at WULF Compute. The company also reaffirmed its strategy to add 250–500 MW of new contracted capacity annually. Article Title
• Positive Sentiment: The company closed a $250 million revolving credit facility, giving it added financial flexibility to fund development as it expands its contracted HPC and AI data center business. Article Title
• Neutral Sentiment: Analysts and media coverage noted that the stock is being supported by “AI momentum,” with some investors looking past the weak quarter because of the company’s long-term data center opportunity. Article Title
• Neutral Sentiment: The company is targeting 480 MW online in the second half of 2027 while shifting more of its revenue mix toward contracted HPC revenue, which suggests a longer path to meaningful earnings improvement. Article Title
• Negative Sentiment: Q1 EPS came in at a loss of $1.01 per share, well below the expected loss of $0.17, highlighting much steeper-than-expected losses as TeraWulf invests in its transition. Article Title
• Negative Sentiment: Revenue of $34.01 million only narrowly beat estimates and was slightly lower than a year ago, reinforcing concerns that profitability remains under pressure despite the strategic pivot. Article Title

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WULF shares. Oppenheimer raised their price objective on shares of TeraWulf from $20.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Morgan Stanley restated an “overweight” rating and set a $41.50 price objective on shares of TeraWulf in a report on Monday, April 27th. Rosenblatt Securities restated a “buy” rating and set a $23.00 price objective on shares of TeraWulf in a report on Wednesday, April 15th. Cantor Fitzgerald increased their target price on shares of TeraWulf from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of TeraWulf from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, March 11th. Twelve research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.83.

Insider Buying and Selling at TeraWulf

In other news, Director Michael C. Bucella acquired 1,665 shares of TeraWulf stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average price of $15.04 per share, with a total value of $25,041.60. Following the completion of the purchase, the director owned 280,052 shares in the company, valued at approximately $4,211,982.08. The trade was a 0.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Patrick Fleury sold 26,414 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $16.14, for a total transaction of $426,321.96. The SEC filing for this sale provides additional information. In the last 90 days, insiders have acquired 13,094 shares of company stock valued at $200,392 and have sold 954,200 shares valued at $16,390,854. Insiders own 15.90% of the company’s stock.

TeraWulf Stock Performance

Shares of WULF stock opened at $23.39 on Monday. The company’s fifty day simple moving average is $17.54 and its two-hundred day simple moving average is $15.15. The company has a debt-to-equity ratio of 33.00, a current ratio of 2.00 and a quick ratio of 2.00. TeraWulf Inc. has a 1 year low of $2.89 and a 1 year high of $25.76. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of -9.43 and a beta of 3.84.

TeraWulf (NASDAQ:WULF) last issued its earnings results on Friday, May 8th. The company reported ($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.82). TeraWulf had a negative net margin of 611.46% and a negative return on equity of 196.13%. The business had revenue of $34.01 million for the quarter, compared to the consensus estimate of $34.69 million. During the same period in the previous year, the firm earned ($0.16) EPS. The company’s revenue was down 1.1% compared to the same quarter last year. As a group, analysts anticipate that TeraWulf Inc. will post -0.49 earnings per share for the current year.

TeraWulf Company Profile

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.