Perigon Wealth Management LLC Acquires Shares of 49,489 TeraWulf Inc. $WULF

Perigon Wealth Management LLC acquired a new position in shares of TeraWulf Inc. (NASDAQ:WULF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 49,489 shares of the company’s stock, valued at approximately $1,222,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CoreCap Advisors LLC grew its stake in shares of TeraWulf by 106.7% in the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock valued at $36,000 after acquiring an additional 747 shares in the last quarter. Advisory Services Network LLC acquired a new stake in TeraWulf in the 3rd quarter worth about $29,000. First United Bank & Trust acquired a new stake in TeraWulf in the 1st quarter worth about $37,000. Vermillion Wealth Management Inc. boosted its holdings in TeraWulf by 1,191.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company’s stock valued at $30,000 after purchasing an additional 2,394 shares during the period. Finally, Solstein Capital LLC bought a new stake in TeraWulf in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

Wall Street Analyst Weigh In

WULF has been the subject of a number of analyst reports. Jefferies Financial Group began coverage on shares of TeraWulf in a research report on Thursday, May 14th. They issued a “buy” rating and a $28.00 price target for the company. Keefe, Bruyette & Woods lowered their price objective on TeraWulf from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Sanford C. Bernstein initiated coverage on TeraWulf in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $46.00 price objective for the company. Bank of America started 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. Finally, Compass Point set a $40.00 target price on TeraWulf in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, TeraWulf presently has an average rating of “Moderate Buy” and a consensus price target of $34.21.

TeraWulf Stock Down 11.3%

NASDAQ WULF opened at $15.62 on Wednesday. The business has a fifty day moving average price of $21.30 and a two-hundred day moving average price of $19.62. The stock has a market capitalization of $7.79 billion, a PE ratio of -3.57 and a beta of 3.76. TeraWulf Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $29.84. The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $44.77 million during the quarter, compared to the consensus estimate of $46.00 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities analysts expect that TeraWulf Inc. will post -0.94 earnings per share for the current fiscal year.

Key Stories Impacting TeraWulf

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: Director Michael Bucella purchased 2,860 shares at an average price of $17.47, worth approximately $49,964, increasing his stake by 0.84%. He also bought 3,023 shares for about $50,000 on August 14, bringing his recent purchases to roughly $100,000. Insider buying may signal confidence in TeraWulf’s longer-term prospects. Michael Bucella Buys 2,860 Shares of TeraWulf Stock
• Negative Sentiment: Rising inflation fears and a sharp increase in bond yields are pressuring growth companies that rely on substantial borrowing to fund data-center construction and customer-driven capital spending. Higher interest rates can reduce the present value of future growth and increase financing costs for TeraWulf’s AI infrastructure expansion. TeraWulf Stock Falls as Inflation Fears Squeeze Growth Stocks
• Negative Sentiment: Neocloud and Bitcoin-mining companies pivoting toward AI infrastructure sold off broadly as investors reassessed the sustainability of projected AI spending and potential oversupply. TeraWulf is being affected by sector-wide risk reduction rather than a company-specific announcement. Neocloud Stocks Plummet on Rising Overspend Fears
• Negative Sentiment: The stock’s sensitivity to the selloff is amplified by TeraWulf’s weak financial profile: its latest quarter showed a substantially wider-than-expected loss, revenue declined year over year, and the company carries a high debt-to-equity ratio. These factors make the shares more vulnerable when financing conditions deteriorate.

Insider Transactions at TeraWulf

In related news, Director Michael C. Bucella purchased 3,023 shares of TeraWulf stock in a transaction dated Friday, August 14th. The shares were bought at an average cost of $16.54 per share, for a total transaction of $50,000.42. Following the purchase, the director owned 341,844 shares in the company, valued at approximately $5,654,099.76. This trade represents a 0.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul B. Prager sold 166,650 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $24.43, for a total transaction of $4,071,259.50. Following the transaction, the chief executive officer owned 4,249,202 shares of the company’s stock, valued at approximately $103,808,004.86. This represents a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 15.90% of the stock is currently owned by corporate insiders.

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.