TeraWulf Inc. $WULF Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its holdings in TeraWulf Inc. (NASDAQ:WULF) by 66.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,532 shares of the company’s stock after selling 21,000 shares during the quarter. Apollon Wealth Management LLC’s holdings in TeraWulf were worth $46,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC increased its stake in TeraWulf by 6.2% in the first quarter. SG Americas Securities LLC now owns 130,322 shares of the company’s stock valued at $356,000 after purchasing an additional 7,597 shares during the period. Florida Financial Advisors LLC increased its stake in shares of TeraWulf by 65.1% during the first quarter. Florida Financial Advisors LLC now owns 21,280 shares of the company’s stock worth $58,000 after acquiring an additional 8,392 shares during the period. OLD Mission Capital LLC increased its stake in shares of TeraWulf by 42.5% during the first quarter. OLD Mission Capital LLC now owns 28,587 shares of the company’s stock worth $78,000 after acquiring an additional 8,529 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in shares of TeraWulf during the first quarter worth about $29,000. Finally, Caitlin John LLC acquired a new position in shares of TeraWulf during the second quarter worth about $46,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Stock Up 0.5%

WULF stock opened at $13.93 on Monday. The company has a market cap of $5.68 billion, a P/E ratio of -39.80 and a beta of 3.44. TeraWulf Inc. has a 52 week low of $2.06 and a 52 week high of $16.19. The company’s 50-day moving average price is $10.57 and its 200 day moving average price is $6.25. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.96.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings data on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $47.64 million for the quarter, compared to analysts’ expectations of $46.30 million. TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The firm’s quarterly revenue was up 33.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) EPS. On average, research analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Amanda Fabiano sold 4,600 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $8.64, for a total transaction of $39,744.00. Following the sale, the director owned 40,769 shares of the company’s stock, valued at approximately $352,244.16. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 19.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WULF shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of TeraWulf in a research note on Wednesday, October 8th. Northland Securities set a $16.25 price target on shares of TeraWulf in a research note on Friday. B. Riley boosted their price target on shares of TeraWulf from $8.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Roth Capital boosted their price target on shares of TeraWulf from $7.00 to $12.50 and gave the stock a “buy” rating in a research note on Friday, August 15th. Finally, Rosenblatt Securities boosted their price target on shares of TeraWulf from $14.50 to $20.00 and gave the stock a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, TeraWulf presently has an average rating of “Moderate Buy” and an average price target of $12.25.

TeraWulf Profile

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.