TeraWulf (NASDAQ:WULF) Sets New 52-Week High – Here’s What Happened

Posted by Brenda Bartman on May 6th, 2026

TeraWulf Inc. (NASDAQ:WULF – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.70 and last traded at $23.49, with a volume of 32136418 shares. The stock had previously closed at $22.29.

Analysts Set New Price Targets

Several analysts recently commented on WULF shares. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price target on shares of TeraWulf in a research report on Wednesday, April 15th. Cantor Fitzgerald lifted their price objective on shares of TeraWulf from $24.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $23.00 target price on shares of TeraWulf in a report on Wednesday, April 15th. Morgan Stanley reiterated an “overweight” rating and set a $41.50 target price on shares of TeraWulf in a research note on Monday, April 27th. Finally, Oppenheimer raised their price target on TeraWulf from $20.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Twelve analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.83.

View Our Latest Stock Report on WULF

TeraWulf Stock Up 5.4%

The company has a debt-to-equity ratio of 33.00, a quick ratio of 2.00 and a current ratio of 2.00. The company has a market capitalization of $10.23 billion, a PE ratio of -14.41 and a beta of 3.84. The firm’s 50-day simple moving average is $17.21 and its 200 day simple moving average is $14.99.

Insider Buying and Selling

In related news, CFO Patrick Fleury sold 26,414 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $16.14, for a total value of $426,321.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Paul B. Prager sold 79,200 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $20.62, for a total value of $1,633,104.00. Following the completion of the transaction, the chief executive officer directly owned 884,320 shares of the company’s stock, valued at $18,234,678.40. The trade was a 8.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have purchased 13,094 shares of company stock valued at $200,392 and have sold 954,200 shares valued at $16,390,854. 19.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WULF. Vanguard Group Inc. boosted its position in shares of TeraWulf by 37.4% in the 4th quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock worth $386,558,000 after buying an additional 9,162,958 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of TeraWulf in the third quarter valued at approximately $69,006,000. Wellington Management Group LLP increased its stake in shares of TeraWulf by 36,193.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,901,878 shares of the company’s stock worth $44,559,000 after purchasing an additional 3,891,127 shares in the last quarter. Marshall Wace LLP lifted its stake in TeraWulf by 574.2% in the 4th quarter. Marshall Wace LLP now owns 3,186,200 shares of the company’s stock valued at $36,609,000 after buying an additional 2,713,587 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in TeraWulf by 22.2% during 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 buying an additional 2,617,617 shares during the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

About TeraWulf

(Get Free Report)

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.