Michael Bucella Purchases 3,171 Shares of TeraWulf (NASDAQ:WULF) Stock

TeraWulf Inc. (NASDAQ:WULF) Director Michael Bucella purchased 3,171 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average cost of $15.78 per share, with a total value of $50,038.38. Following the completion of the purchase, the director directly owned 270,129 shares in the company, valued at approximately $4,262,635.62. This represents a 1.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

TeraWulf Stock Up 4.3%

Shares of WULF stock traded up $0.63 during trading on Wednesday, reaching $15.37. The company’s stock had a trading volume of 23,639,813 shares, compared to its average volume of 31,827,715. TeraWulf Inc. has a one year low of $2.06 and a one year high of $18.51. The business has a fifty day moving average price of $14.26 and a 200-day moving average price of $13.04. The company has a market cap of $6.52 billion, a price-to-earnings ratio of -9.43 and a beta of 3.67. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.45.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WULF. Caitong International Asset Management Co. Ltd raised its stake in TeraWulf by 421.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 81,632 shares of the company’s stock valued at $938,000 after acquiring an additional 65,986 shares during the period. Hamilton Wealth LLC raised its position in shares of TeraWulf by 14.1% in the fourth quarter. Hamilton Wealth LLC now owns 15,750 shares of the company’s stock valued at $181,000 after purchasing an additional 1,950 shares during the period. Invesco Ltd. raised its position in shares of TeraWulf by 149.8% in the fourth quarter. Invesco Ltd. now owns 3,575,310 shares of the company’s stock valued at $41,080,000 after purchasing an additional 2,144,209 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of TeraWulf during the 4th quarter worth about $117,000. Finally, Feynman Point Asset Management LLC bought a new stake in shares of TeraWulf during the 4th quarter worth about $1,930,000. 62.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WULF has been the subject of several analyst reports. Cantor Fitzgerald raised their price objective on TeraWulf from $18.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Keefe, Bruyette & Woods upgraded TeraWulf from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday. B. Riley Financial boosted their price target on TeraWulf from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Needham & Company LLC reiterated a “buy” rating and set a $21.00 price objective on shares of TeraWulf in a research note on Tuesday, February 3rd. Finally, Morgan Stanley started coverage on TeraWulf in a report on Monday, February 9th. They issued an “overweight” rating and a $37.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, TeraWulf currently has an average rating of “Moderate Buy” and a consensus target price of $20.69.

TeraWulf Company 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.