Perigon Wealth Management LLC Acquires New Stake in TeraWulf Inc. $WULF

Perigon Wealth Management LLC bought a new position in shares of TeraWulf Inc. (NASDAQ:WULF) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 49,489 shares of the company’s stock, valued at approximately $1,222,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WULF. Advisory Services Network LLC bought a new stake in shares of TeraWulf in the 3rd quarter valued at about $29,000. Vermillion Wealth Management Inc. raised its position in shares of TeraWulf by 1,191.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company’s stock worth $30,000 after acquiring an additional 2,394 shares during the last quarter. Solstein Capital LLC acquired a new position in shares of TeraWulf in the fourth quarter worth approximately $34,000. Comerica Bank boosted its holdings in TeraWulf by 3,748.5% in the first quarter. Comerica Bank now owns 12,700 shares of the company’s stock valued at $35,000 after acquiring an additional 12,370 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in TeraWulf by 106.7% in the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock valued at $36,000 after acquiring an additional 747 shares during the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Price Performance

TeraWulf stock opened at $15.62 on Wednesday. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of -3.57 and a beta of 3.76. TeraWulf Inc. has a 52-week low of $8.60 and a 52-week high of $29.84. The company has a debt-to-equity ratio of 27.25, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50 day moving average price is $21.30 and its two-hundred day moving average price is $19.62.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($1.70). TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The company had revenue of $44.77 million during the quarter, compared to the consensus estimate of $46.00 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The business’s revenue was down 6.0% compared to the same quarter last year. On average, equities analysts predict that TeraWulf Inc. will post -0.94 earnings per share for the current year.

Insider Buying and Selling at TeraWulf

In related news, Director Michael C. Bucella purchased 2,860 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was purchased at an average cost of $17.47 per share, with a total value of $49,964.20. Following the completion of the purchase, the director owned 344,704 shares in the company, valued at approximately $6,021,978.88. This trade represents a 0.84% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Paul B. Prager sold 137,500 shares of the company’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 transaction, the chief executive officer owned 3,945,052 shares in the company, valued at $104,938,383.20. This represents a 3.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 15.90% of the company’s stock.

TeraWulf News Roundup

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: Director Michael Bucella purchased 2,860 shares at an average price of $17.47, worth approximately $49,964, increasing his stake by 0.84%. He also bought 3,023 shares for about $50,000 on August 14, bringing his recent purchases to roughly $100,000. Insider buying may signal confidence in TeraWulf’s longer-term prospects. Michael Bucella Buys 2,860 Shares of TeraWulf Stock
• Negative Sentiment: Rising inflation fears and a sharp increase in bond yields are pressuring growth companies that rely on substantial borrowing to fund data-center construction and customer-driven capital spending. Higher interest rates can reduce the present value of future growth and increase financing costs for TeraWulf’s AI infrastructure expansion. TeraWulf Stock Falls as Inflation Fears Squeeze Growth Stocks
• Negative Sentiment: Neocloud and Bitcoin-mining companies pivoting toward AI infrastructure sold off broadly as investors reassessed the sustainability of projected AI spending and potential oversupply. TeraWulf is being affected by sector-wide risk reduction rather than a company-specific announcement. Neocloud Stocks Plummet on Rising Overspend Fears
• Negative Sentiment: The stock’s sensitivity to the selloff is amplified by TeraWulf’s weak financial profile: its latest quarter showed a substantially wider-than-expected loss, revenue declined year over year, and the company carries a high debt-to-equity ratio. These factors make the shares more vulnerable when financing conditions deteriorate.

Analysts Set New Price Targets

WULF has been the subject of several analyst reports. Lucid Cap Mkts upgraded shares of TeraWulf to a “strong-buy” rating in a report on Wednesday, May 27th. Northland Securities set a $30.00 price objective on shares of TeraWulf in a research report on Monday, May 4th. Zacks Research raised shares of TeraWulf from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. Chardan Capital reaffirmed a “buy” rating and set a $32.00 price target on shares of TeraWulf in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group initiated coverage on TeraWulf in a report on Thursday, May 14th. They set a “buy” rating and a $28.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.21.

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.