TeraWulf Inc. $WULF Stock Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its position in TeraWulf Inc. (NASDAQ:WULF) by 368.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,558 shares of the company’s stock after purchasing an additional 64,928 shares during the period. Fulcrum Asset Management LLP’s holdings in TeraWulf were worth $1,246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in TeraWulf in the second quarter worth $577,805,000. Bank of America Corp DE grew its stake in shares of TeraWulf by 9.2% during the 1st quarter. Bank of America Corp DE now owns 5,777,458 shares of the company’s stock worth $83,369,000 after acquiring an additional 488,184 shares during the period. Jennison Associates LLC bought a new position in shares of TeraWulf during the 1st quarter worth $53,418,000. Engle Capital Management L.P. grew its stake in shares of TeraWulf by 574.3% during the 1st quarter. Engle Capital Management L.P. now owns 2,950,100 shares of the company’s stock worth $42,570,000 after acquiring an additional 2,512,600 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in TeraWulf by 325.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,845,156 shares of the company’s stock worth $42,108,000 after acquiring an additional 2,177,134 shares during the last quarter. 62.49% of the stock is owned by institutional investors.

Key Headlines Impacting TeraWulf

Here are a few of the latest headlines about WULF:

• Positive Sentiment: Broader AI-infrastructure shares gained after CoreWeave’s earnings, providing a sector tailwind for TeraWulf. Article: TeraWulf Stock Rises With AI Infrastructure Stocks After CoreWeave Earnings
• Positive Sentiment: The company’s recent third-quarter results showed $76.2 million in revenue, including about $63 million from high-performance-computing leases. Its 20-year Anthropic lease covers approximately 401 MW and is expected to generate about $19 billion in contracted revenue; Google credit support and expanded revolving credit commitments also bolster the project’s financing outlook. Article: Why TeraWulf Stock Is Up Today
• Negative Sentiment: A Motley Fool analysis argued that Nebius may have better economics than colocation providers such as TeraWulf, citing higher per-megawatt pricing on shorter-term deals. That comparison raises questions about the revenue potential of TeraWulf’s long-term lease commitments. Article: Neoclouds Like Nebius Are Much Better Investments Than Colocation Companies Like TeraWulf

TeraWulf Price Performance

TeraWulf stock opened at $13.36 on Thursday. The firm has a market capitalization of $6.70 billion, a P/E ratio of -4.09 and a beta of 4.00. TeraWulf Inc. has a one year low of $9.51 and a one year high of $29.84. The company has a debt-to-equity ratio of 5.35, a current ratio of 0.97 and a quick ratio of 0.75. The business has a fifty day moving average price of $14.08 and a 200-day moving average price of $17.94.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings data on Friday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. The company had revenue of $76.23 million for the quarter, compared to analyst estimates of $62.49 million. TeraWulf had a positive return on equity of 87.30% and a negative net margin of 410.92%. The firm’s revenue for the quarter was up 50.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.13) EPS. As a group, equities research analysts forecast that TeraWulf Inc. will post -0.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WULF. Zacks Research cut TeraWulf from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. B. Riley Financial cut their target price on shares of TeraWulf from $40.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Wells Fargo & Company cut their target price on shares of TeraWulf from $30.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday. TD Cowen assumed coverage on shares of TeraWulf in a research note on Monday, October 12th. They issued a “buy” rating and a $21.00 target price for the company. Finally, Citigroup lowered their price target on shares of TeraWulf from $31.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, TeraWulf has an average rating of “Moderate Buy” and a consensus price target of $27.18.

Insider Buying and Selling at TeraWulf

In other news, CEO Paul B. Prager sold 137,500 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $17.06, for a total value of $2,345,750.00. Following the sale, the chief executive officer directly owned 3,807,552 shares of the company’s stock, valued at approximately $64,956,837.12. This represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter E. Carter sold 130,626 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $15.14, for a total transaction of $1,977,677.64. Following the completion of the sale, the director directly owned 229,090 shares in the company, valued at approximately $3,468,422.60. The trade was a 36.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders purchased 11,968 shares of company stock valued at $189,962 in the last quarter. 15.90% of the stock is currently owned by corporate insiders.

TeraWulf Company Profile

TeraWulf, Inc. develops and operates digital infrastructure, including facilities for Bitcoin mining and high-performance computing (HPC). The company focuses on locating its operations near sources of low-carbon energy and offers data center capacity designed for energy-intensive computing. Its Lake Mariner facility in New York is a key site for its mining and data center activities. TeraWulf has also operated in Pennsylvania through the Nautilus Cryptomine facility, reflecting its history of developing energy-intensive operations in the northeastern United States.