Thames Capital Management LLC Grows Stock Position in TeraWulf Inc. $WULF

Thames Capital Management LLC boosted its stake in shares of TeraWulf Inc. (NASDAQ:WULF) by 27.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,449,091 shares of the company’s stock after purchasing an additional 314,402 shares during the quarter. TeraWulf makes up 2.4% of Thames Capital Management LLC’s investment portfolio, making the stock its 17th biggest holding. Thames Capital Management LLC’s holdings in TeraWulf were worth $16,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of America Corp DE increased its stake in shares of TeraWulf by 22.2% during the second quarter. Bank of America Corp DE now owns 14,392,299 shares of the company’s stock worth $63,038,000 after buying an additional 2,617,617 shares during the period. Two Seas Capital LP grew its holdings in TeraWulf by 966.9% during the 2nd quarter. Two Seas Capital LP now owns 2,287,100 shares of the company’s stock worth $10,017,000 after acquiring an additional 2,072,729 shares in the last quarter. Cooper Creek Partners Management LLC purchased a new stake in shares of TeraWulf in the 2nd quarter valued at approximately $8,949,000. Goodlander Investment Management LLC acquired a new stake in shares of TeraWulf in the 2nd quarter valued at $8,760,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of TeraWulf by 64.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,646,707 shares of the company’s stock worth $11,590,000 after purchasing an additional 1,033,073 shares during the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Stock Down 2.7%

Shares of NASDAQ WULF opened at $13.83 on Friday. The business has a 50-day moving average price of $13.16 and a 200 day moving average price of $10.68. The stock has a market cap of $5.79 billion, a PE ratio of -9.74 and a beta of 3.69. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.45. TeraWulf Inc. has a 52-week low of $2.06 and a 52-week high of $17.05.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings data on Monday, November 10th. The company reported ($1.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.09). The firm had revenue of $50.58 million during the quarter, compared to analysts’ expectations of $56.27 million. TeraWulf had a negative net margin of 336.53% and a negative return on equity of 69.75%. The company’s quarterly revenue was up 86.9% compared to the same quarter last year. Equities research analysts forecast that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WULF has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $21.00 target price on shares of TeraWulf in a report on Tuesday, November 11th. UBS Group set a $18.25 price objective on TeraWulf in a research report on Friday, October 24th. JMP Securities set a $22.00 target price on TeraWulf in a research report on Wednesday, October 29th. Rosenblatt Securities restated a “buy” rating and set a $24.00 target price on shares of TeraWulf in a research note on Tuesday, November 11th. Finally, Compass Point set a $17.00 price target on shares of TeraWulf and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.15.

Insiders Place Their Bets

In other TeraWulf news, Director Michael C. Bucella acquired 4,178 shares of the stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $12.01 per share, with a total value of $50,177.78. Following the transaction, the director owned 266,958 shares of the company’s stock, valued at approximately $3,206,165.58. This trade represents a 1.59% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 19.90% of the stock is currently owned by corporate insiders.

TeraWulf Profile

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.