TeraWulf Inc. $WULF Shares Acquired by Ranger Investment Management L.P.

Ranger Investment Management L.P. increased its position in TeraWulf Inc. (NASDAQ:WULFFree Report) by 118.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 398,330 shares of the company’s stock after purchasing an additional 216,330 shares during the period. Ranger Investment Management L.P.’s holdings in TeraWulf were worth $5,748,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WULF. Advisory Services Network LLC purchased a new position in TeraWulf during the 3rd quarter worth approximately $29,000. Vermillion Wealth Management Inc. lifted its stake in TeraWulf by 1,191.0% in the fourth quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company’s stock valued at $30,000 after buying an additional 2,394 shares during the last quarter. Solstein Capital LLC purchased a new stake in TeraWulf in the fourth quarter valued at approximately $34,000. Comerica Bank lifted its stake in TeraWulf by 3,748.5% in the first quarter. Comerica Bank now owns 12,700 shares of the company’s stock valued at $35,000 after buying an additional 12,370 shares during the last quarter. Finally, First United Bank & Trust acquired a new stake in shares of TeraWulf in the first quarter valued at approximately $37,000. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Stock Down 4.9%

WULF opened at $17.09 on Wednesday. TeraWulf Inc. has a 52 week low of $4.64 and a 52 week high of $29.84. The business has a 50 day moving average price of $23.61 and a two-hundred day moving average price of $19.27. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 33.00. The company has a market cap of $8.47 billion, a PE ratio of -6.89 and a beta of 3.73.

TeraWulf (NASDAQ:WULFGet Free Report) last announced its earnings results on Friday, May 8th. The company reported ($1.01) earnings per share 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 company had revenue of $34.01 million during the quarter, compared to analysts’ expectations of $34.69 million. During the same quarter last year, the business posted ($0.16) earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, research analysts anticipate that TeraWulf Inc. will post -1.09 EPS for the current year.

Wall Street Analyst Weigh In

WULF has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of TeraWulf in a research report on Wednesday, June 24th. Lucid Cap Mkts upgraded shares of TeraWulf to a “strong-buy” rating in a research report on Wednesday, May 27th. Citigroup started coverage on shares of TeraWulf in a research note on Monday, June 29th. They set a “buy” rating and a $36.00 price target for the company. Needham & Company LLC raised their price objective on shares of TeraWulf from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of TeraWulf from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.29.

Read Our Latest Report on TeraWulf

Insider Activity at TeraWulf

In other news, CEO Paul B. Prager sold 137,500 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $26.60, for a total transaction of $3,657,500.00. Following the completion of the sale, the chief executive officer owned 3,945,052 shares in the company, valued at $104,938,383.20. This represents a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 15.90% of the stock is owned by company insiders.

TeraWulf Profile

(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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Institutional Ownership by Quarter for TeraWulf (NASDAQ:WULF)

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