WINTON GROUP Ltd Has $3.45 Million Stock Position in TeraWulf Inc. $WULF

WINTON GROUP Ltd increased its stake in TeraWulf Inc. (NASDAQ:WULF) by 155.5% during the third quarter, HoldingsChannel reports. The firm owned 301,935 shares of the company’s stock after acquiring an additional 183,754 shares during the period. WINTON GROUP Ltd’s holdings in TeraWulf were worth $3,448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its stake in TeraWulf by 265.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock valued at $29,000 after buying an additional 4,800 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of TeraWulf by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock worth $30,000 after acquiring an additional 2,748 shares in the last quarter. Comerica Bank raised its holdings in shares of TeraWulf by 3,748.5% during 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 period. Elevation Point Wealth Partners LLC acquired a new stake in shares of TeraWulf during the second quarter valued at approximately $41,000. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of TeraWulf by 366.2% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 3,590 shares of the company’s stock valued at $41,000 after acquiring an additional 2,820 shares in the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

Insider Activity

In other news, Director Michael C. Bucella acquired 3,171 shares of TeraWulf stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average price of $15.78 per share, with a total value of $50,038.38. Following the completion of the transaction, the director owned 270,129 shares in the company, valued at approximately $4,262,635.62. This trade represents a 1.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired 5,256 shares of company stock worth $80,109 in the last ninety days. 19.90% of the stock is currently owned by company insiders.

TeraWulf Trading Up 3.6%

Shares of NASDAQ:WULF opened at $14.35 on Wednesday. The firm has a fifty day moving average of $14.54 and a two-hundred day moving average of $13.23. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 33.00. TeraWulf Inc. has a 12-month low of $2.06 and a 12-month high of $18.51. The firm has a market capitalization of $6.09 billion, a P/E ratio of -8.80 and a beta of 3.67.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WULF shares. Needham & Company LLC reiterated a “buy” rating and set a $21.00 price objective on shares of TeraWulf in a research report on Tuesday, February 3rd. Cantor Fitzgerald raised their target price on TeraWulf from $18.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Morgan Stanley initiated coverage on TeraWulf in a report on Monday, February 9th. They set an “overweight” rating and a $37.00 price target on the stock. Keefe, Bruyette & Woods raised TeraWulf from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of TeraWulf in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.