TeraWulf Inc. $WULF Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in TeraWulf Inc. (NASDAQ:WULF) by 8.6% in the 1st quarter, HoldingsChannel reports. The fund owned 809,436 shares of the company’s stock after selling 76,448 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in TeraWulf were worth $11,680,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in TeraWulf by 37.4% in the fourth quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock valued at $386,558,000 after purchasing an additional 9,162,958 shares during the period. Voloridge Investment Management LLC purchased a new position in shares of TeraWulf during the 3rd quarter worth $69,006,000. Wellington Management Group LLP grew its holdings in shares of TeraWulf by 36,193.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,901,878 shares of the company’s stock worth $44,559,000 after purchasing an additional 3,891,127 shares during the period. Jennison Associates LLC purchased a new position in shares of TeraWulf during the 1st quarter worth $53,418,000. Finally, Marshall Wace LLP increased its position in shares of TeraWulf by 574.2% during the 4th quarter. Marshall Wace LLP now owns 3,186,200 shares of the company’s stock worth $36,609,000 after purchasing an additional 2,713,587 shares during the last quarter. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

TeraWulf Trading Down 4.9%

Shares of NASDAQ WULF opened at $17.09 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 33.00. The stock has a market capitalization of $8.47 billion, a PE ratio of -6.89 and a beta of 3.73. TeraWulf Inc. has a twelve month low of $4.64 and a twelve month high of $29.84. The stock has a fifty day simple moving average of $23.61 and a 200-day simple moving average of $19.27.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Friday, May 8th. The company reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.82). TeraWulf had a negative return on equity of 305.07% and a negative net margin of 611.46%.The firm had revenue of $34.01 million for the quarter, compared to analyst estimates of $34.69 million. During the same period in the previous year, the company posted ($0.16) EPS. TeraWulf’s revenue was down 1.1% on a year-over-year basis. On average, equities analysts forecast that TeraWulf Inc. will post -1.09 earnings per share for the current year.

Analysts Set New Price Targets

WULF has been the topic of several research analyst reports. Northland Securities set a $30.00 price objective on shares of TeraWulf in a report on Monday, May 4th. Citigroup assumed coverage on shares of TeraWulf in a research note on Monday, June 29th. They set a “buy” rating and a $36.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and set a $30.00 price target on shares of TeraWulf in a research report on Wednesday, July 15th. Lucid Cap Mkts raised shares of TeraWulf to a “strong-buy” rating in a research note on Wednesday, May 27th. Finally, Compass Point set a $40.00 price objective on shares of TeraWulf in a report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, TeraWulf presently has a consensus rating of “Moderate Buy” and an average target price of $34.29.

Insider Transactions at TeraWulf

In other TeraWulf news, CEO Paul B. Prager sold 137,500 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $26.60, for a total transaction of $3,657,500.00. Following the sale, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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

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.