Virtu Financial LLC Sells 9,814 Shares of TeraWulf Inc. (NASDAQ:WULF)

Virtu Financial LLC cut its stake in TeraWulf Inc. (NASDAQ:WULF) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,858 shares of the company’s stock after selling 9,814 shares during the period. Virtu Financial LLC’s holdings in TeraWulf were worth $469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in TeraWulf by 258.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock valued at $11,063,000 after acquiring an additional 1,704,013 shares during the last quarter. State Street Corp lifted its holdings in TeraWulf by 3.8% during the third quarter. State Street Corp now owns 6,283,196 shares of the company’s stock worth $29,405,000 after acquiring an additional 227,186 shares in the last quarter. GoalVest Advisory LLC bought a new position in shares of TeraWulf during the 4th quarter valued at about $651,000. Intech Investment Management LLC bought a new stake in TeraWulf during the 3rd quarter worth approximately $340,000. Finally, Barclays PLC increased its position in shares of TeraWulf by 419.7% during the third quarter. Barclays PLC now owns 424,748 shares of the company’s stock worth $1,989,000 after acquiring an additional 343,016 shares in the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Stock Performance

Shares of TeraWulf stock opened at $3.28 on Wednesday. TeraWulf Inc. has a 52-week low of $1.82 and a 52-week high of $9.30. The stock has a market cap of $1.26 billion, a PE ratio of -16.40 and a beta of 2.70. The firm has a 50-day moving average of $4.43 and a 200-day moving average of $5.47.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings data on Friday, February 28th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $35.00 million for the quarter, compared to the consensus estimate of $37.43 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The business’s revenue was up 50.2% on a year-over-year basis. Equities research analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WULF has been the topic of a number of research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. Atb Cap Markets raised TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. B. Riley increased their price objective on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Rosenblatt Securities restated a “buy” rating and set a $10.00 price objective on shares of TeraWulf in a research note on Monday, March 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $9.50 price objective on shares of TeraWulf in a research report on Monday, January 13th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, TeraWulf currently has a consensus rating of “Buy” and an average target price of $9.50.

About TeraWulf

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.