Investors Purchase Large Volume of TeraWulf Call Options (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 48,188 call options on the stock. This is an increase of 111% compared to the typical daily volume of 22,822 call options.

Insider Activity at TeraWulf

In related news, Treasurer Kenneth J. Deane sold 69,996 shares of TeraWulf stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $3.25, for a total value of $227,487.00. Following the completion of the transaction, the treasurer now directly owns 337,245 shares in the company, valued at $1,096,046.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.88% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TeraWulf

A number of large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in TeraWulf by 16.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock worth $119,000 after acquiring an additional 6,450 shares during the period. PEAK6 Investments LLC acquired a new stake in shares of TeraWulf during the first quarter worth approximately $64,000. Vanguard Group Inc. grew its position in TeraWulf by 17.7% during the first quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock valued at $30,830,000 after purchasing an additional 1,764,115 shares in the last quarter. SG Americas Securities LLC acquired a new position in TeraWulf in the 1st quarter valued at approximately $141,000. Finally, Quantbot Technologies LP purchased a new stake in TeraWulf in the 1st quarter worth approximately $204,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WULF. Roth Mkm reiterated a “buy” rating and set a $6.50 price target on shares of TeraWulf in a research report on Monday. Compass Point cut their target price on TeraWulf from $4.50 to $3.50 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Cantor Fitzgerald upped their price target on shares of TeraWulf from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, July 5th. Rosenblatt Securities initiated coverage on shares of TeraWulf in a report on Tuesday, April 9th. They issued a “buy” rating and a $4.20 price objective on the stock. Finally, B. Riley boosted their target price on shares of TeraWulf from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, TeraWulf presently has a consensus rating of “Buy” and an average price target of $5.53.

TeraWulf Trading Down 2.7 %

Shares of WULF opened at $4.75 on Friday. The firm has a 50-day moving average price of $3.37 and a 200 day moving average price of $2.54. TeraWulf has a 52-week low of $0.89 and a 52-week high of $6.05.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings results on Monday, May 13th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). TeraWulf had a negative net margin of 56.70% and a negative return on equity of 30.00%. The business had revenue of $42.43 million during the quarter, compared to analyst estimates of $41.86 million. As a group, sell-side analysts predict that TeraWulf will post -0.08 EPS 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.