188,527 Shares in TeraWulf Inc. $WULF Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new stake in TeraWulf Inc. (NASDAQ:WULF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 188,527 shares of the company’s stock, valued at approximately $4,657,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of TeraWulf by 37.4% in the fourth quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock valued at $386,558,000 after acquiring an additional 9,162,958 shares in the last quarter. BlackRock Inc. acquired a new stake in TeraWulf in the 2nd quarter worth about $577,805,000. Bank of America Corp DE boosted its holdings in TeraWulf by 22.2% in the 2nd quarter. Bank of America Corp DE now owns 14,392,299 shares of the company’s stock valued at $63,038,000 after purchasing an additional 2,617,617 shares during the period. Morgan Stanley boosted its holdings in TeraWulf by 8.1% in the 4th quarter. Morgan Stanley now owns 9,641,209 shares of the company’s stock valued at $110,778,000 after purchasing an additional 724,286 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of TeraWulf by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 8,377,589 shares of the company’s stock worth $96,274,000 after purchasing an additional 318,842 shares in the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Stock Performance

Shares of TeraWulf stock opened at $16.49 on Friday. The company has a 50 day moving average of $19.78 and a 200-day moving average of $19.73. TeraWulf Inc. has a 1-year low of $8.60 and a 1-year high of $29.84. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 27.25. The company has a market cap of $8.23 billion, a PE ratio of -3.77 and a beta of 3.76.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.70). TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The firm had revenue of $44.77 million during the quarter, compared to the consensus estimate of $46.00 million. During the same period last year, the business earned ($0.05) earnings per share. The business’s revenue was down 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that TeraWulf Inc. will post -0.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $37.00 target price on shares of TeraWulf in a report on Wednesday, July 15th. Morgan Stanley cut their price target on TeraWulf from $72.00 to $62.50 and set an “overweight” rating for the company in a research note on Thursday, August 13th. Chardan Capital reissued a “buy” rating and set a $32.00 price target on shares of TeraWulf in a research report on Wednesday, August 5th. Lucid Cap Mkts raised TeraWulf to a “strong-buy” rating in a report on Wednesday, May 27th. Finally, Bank of America assumed coverage on TeraWulf in a research report on Monday, June 15th. They set a “buy” rating and a $34.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.21.

Insiders Place Their Bets

In related news, CEO Paul B. Prager sold 137,500 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $26.60, for a total transaction of $3,657,500.00. Following the completion of the sale, the chief executive officer directly owned 3,945,052 shares in the company, valued at $104,938,383.20. This represents a 3.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael C. Bucella acquired 2,860 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average price of $17.47 per share, with a total value of $49,964.20. Following the completion of the transaction, the director owned 344,704 shares in the company, valued at $6,021,978.88. The trade was a 0.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 15.90% of the company’s stock.

About TeraWulf

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.