Thames Capital Management LLC Trims Stake in TeraWulf Inc. $WULF

Thames Capital Management LLC reduced its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 46.8% during the 4th quarter, HoldingsChannel reports. The firm owned 770,267 shares of the company’s stock after selling 678,824 shares during the period. Thames Capital Management LLC’s holdings in TeraWulf were worth $8,850,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WULF. Advisory Services Network LLC purchased a new position in TeraWulf during the 3rd quarter worth $29,000. Comerica Bank increased its holdings in TeraWulf by 3,748.5% during the 1st quarter. Comerica Bank now owns 12,700 shares of the company’s stock worth $35,000 after purchasing an additional 12,370 shares during the period. GPS Wealth Strategies Group LLC increased its holdings in TeraWulf by 366.2% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 3,590 shares of the company’s stock worth $41,000 after purchasing an additional 2,820 shares during the period. Activest Wealth Management purchased a new position in TeraWulf during the 4th quarter worth $46,000. Finally, Rafferty Asset Management LLC purchased a new position in TeraWulf during the 2nd quarter worth $53,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

TeraWulf Trading Down 3.2%

Shares of NASDAQ:WULF opened at $25.56 on Friday. TeraWulf Inc. has a 12-month low of $3.39 and a 12-month high of $27.26. The business’s fifty day simple moving average is $20.10 and its 200-day simple moving average is $16.16. The company has a market capitalization of $12.67 billion, a PE ratio of -10.31 and a beta of 3.84. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 33.00.

TeraWulf (NASDAQ:WULF) last announced its quarterly 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 305.07%. The company had revenue of $34.01 million during the quarter, compared to analysts’ expectations of $34.69 million. During the same quarter in the prior year, the business posted ($0.16) earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. As a group, equities research analysts predict that TeraWulf Inc. will post -0.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on WULF shares. Cantor Fitzgerald raised their price objective on TeraWulf from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Needham & Company LLC raised their price objective on TeraWulf from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Jefferies Financial Group initiated coverage on TeraWulf in a report on Thursday, May 14th. They set a “buy” rating and a $28.00 price objective on the stock. Morgan Stanley lifted their price target on TeraWulf to $42.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of TeraWulf in a report on Friday, March 27th. Thirteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, TeraWulf presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.95.

Insider Activity

In other news, CFO Patrick Fleury sold 573,586 shares of TeraWulf stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $16.14, for a total value of $9,257,678.04. Following the transaction, the chief financial officer directly owned 3,205,000 shares in the company, valued at approximately $51,728,700. This trade represents a 15.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael C. Bucella purchased 3,171 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was bought at an average price of $15.78 per share, for a total transaction of $50,038.38. Following the completion of the acquisition, the director directly owned 270,129 shares in the company, valued at approximately $4,262,635.62. This trade represents a 1.19% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 13,094 shares of company stock worth $200,392 and have sold 1,120,850 shares worth $20,462,114. Company insiders own 15.90% of the company’s stock.

Trending Headlines about TeraWulf

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf announced it acquired a 1 GW data center campus site in Boyd County, Kentucky, expanding its AI infrastructure footprint and reinforcing the company’s long-term growth narrative. TeraWulf Rallies After Acquiring 1 GW Muskie AI Data Campus In Kentucky — Its Second In The State
• Positive Sentiment: Several analysts turned more constructive on WULF, including Morgan Stanley raising its price target after Q1 results, which supports the stock’s recent strength. Morgan Stanley Lifts PT on TeraWulf Inc. (WULF) Following Q1 Results
• Positive Sentiment: Additional commentary highlighted TeraWulf’s power-infrastructure advantage in the AI build-out, keeping attention on its ability to secure energy capacity for future projects. TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
• Positive Sentiment: Analyst coverage also pointed to meaningful upside potential, adding to investor optimism around TeraWulf’s transformation into an AI infrastructure play. TeraWulf has an upside of 72%, this analyst says
• Neutral Sentiment: The CEO appeared on CNBC discussing demand for AI infrastructure and electricity, which keeps TeraWulf in the spotlight but did not include a new financial update. Terawulf CEO on demand in AI infrastructure
• Neutral Sentiment: The insider sale was executed under a pre-arranged Rule 10b5-1 plan, making it less concerning than an unexpected discretionary sale. SEC filing
• Negative Sentiment: CEO Paul Prager sold 166,650 shares for about $4.1 million, which can still weigh on sentiment despite being part of a planned trading program. SEC filing

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.