4,305,785 Shares in TeraWulf Inc. (NASDAQ:WULF) Bought by Senator Investment Group LP

Senator Investment Group LP purchased a new stake in TeraWulf Inc. (NASDAQ:WULF) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 4,305,785 shares of the company’s stock, valued at approximately $24,371,000. Senator Investment Group LP owned about 1.12% of TeraWulf as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of WULF. Rosenberg Matthew Hamilton bought a new stake in shares of TeraWulf in the fourth quarter worth about $32,000. FMR LLC grew its holdings in shares of TeraWulf by 22.0% in the third quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after purchasing an additional 1,408 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of TeraWulf in the 3rd quarter worth about $47,000. Perigon Wealth Management LLC purchased a new stake in shares of TeraWulf during the 4th quarter valued at about $59,000. Finally, R Squared Ltd bought a new position in shares of TeraWulf in the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Analyst Ratings Changes

WULF has been the topic of several analyst reports. Needham & Company LLC reissued a “buy” rating and set a $9.50 target price on shares of TeraWulf in a research report on Monday, January 13th. Keefe, Bruyette & Woods assumed coverage on TeraWulf in a research note on Wednesday, January 8th. They set a “market perform” rating on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a research report on Monday, January 6th. Rosenblatt Securities lowered their target price on shares of TeraWulf from $10.00 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, Jones Trading assumed coverage on shares of TeraWulf in a research note on Monday, March 31st. They issued a “buy” rating and a $4.00 price target on the stock. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $7.86.

TeraWulf Price Performance

Shares of TeraWulf stock opened at $2.35 on Monday. The stock has a market cap of $900.10 million, a price-to-earnings ratio of -11.75 and a beta of 2.76. The firm’s 50-day moving average is $3.28 and its two-hundred day moving average is $5.19. TeraWulf Inc. has a 1 year low of $1.91 and a 1 year high of $9.30.

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

TeraWulf Company Profile

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.