Investors Buy High Volume of Call Options on TeraWulf (NASDAQ:WULF)

Posted by Stanley Muller on Jun 16th, 2026

TeraWulf Inc. (NASDAQ:WULF – Get Free Report) was the target of unusually large options trading activity on Monday. Stock traders bought 236,299 call options on the company. This is an increase of approximately 52% compared to the typical volume of 155,359 call options.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WULF. Sanford C. Bernstein began coverage on shares of TeraWulf in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $46.00 price target for the company. Lucid Cap Mkts raised shares of TeraWulf to a “strong-buy” rating in a research report on Wednesday, May 27th. Needham & Company LLC lifted their price target on shares of TeraWulf from $22.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Arete Research assumed coverage on shares of TeraWulf in a research report on Monday, March 23rd. They set a “buy” rating and a $30.00 price target on the stock. Finally, Bank of America assumed coverage on shares of TeraWulf in a research report on Monday. They set a “buy” rating and a $34.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, TeraWulf presently has an average rating of “Moderate Buy” and a consensus target price of $31.86.

Check Out Our Latest Stock Analysis on WULF

Insider Transactions at TeraWulf

In related news, CEO Paul B. Prager sold 166,650 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $24.43, for a total transaction of $4,071,259.50. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael C. Bucella acquired 1,665 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average cost of $15.04 per share, with a total value of $25,041.60. Following the purchase, the director owned 280,052 shares in the company, valued at $4,211,982.08. This represents a 0.60% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 4,916 shares of company stock valued at $74,989 and have sold 520,850 shares valued at $10,778,114. 15.90% of the stock is owned by insiders.

Hedge Funds Weigh In On TeraWulf

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in TeraWulf by 37.4% in the 4th quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock valued at $386,558,000 after buying an additional 9,162,958 shares during the period. Bank of America Corp DE boosted its position in TeraWulf by 22.2% in 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 period. Morgan Stanley raised its holdings in shares of TeraWulf by 8.1% in the 4th quarter. Morgan Stanley now owns 9,641,209 shares of the company’s stock valued at $110,778,000 after purchasing an additional 724,286 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of TeraWulf by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 8,377,589 shares of the company’s stock valued at $96,274,000 after purchasing an additional 318,842 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of TeraWulf by 4.2% in the 4th quarter. State Street Corp now owns 7,349,508 shares of the company’s stock valued at $84,446,000 after purchasing an additional 298,645 shares in the last quarter. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Performance

NASDAQ:WULF opened at $28.17 on Tuesday. The company has a debt-to-equity ratio of 33.00, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $13.96 billion, a P/E ratio of -11.36 and a beta of 3.82. The company has a 50 day moving average price of $22.39 and a 200 day moving average price of $17.23. TeraWulf has a fifty-two week low of $3.39 and a fifty-two week high of $28.45.

TeraWulf (NASDAQ:WULF – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported ($1.01) EPS for the quarter, missing the consensus estimate 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 business had revenue of $34.01 million during the quarter, compared to analysts’ expectations of $34.69 million. During the same period in the prior year, the business earned ($0.16) EPS. The business’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts forecast that TeraWulf will post -0.96 EPS for the current year.

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.

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