Van ECK Associates Corp Increases Stake in TeraWulf Inc. (NASDAQ:WULF)

Van ECK Associates Corp grew its position in shares of TeraWulf Inc. (NASDAQ:WULF – Get Rating) by 109.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,120,470 shares of the company’s stock after buying an additional 585,648 shares during the quarter. Van ECK Associates Corp owned 0.77% of TeraWulf worth $746,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in TeraWulf during the 3rd quarter worth $25,000. Rhumbline Advisers acquired a new position in shares of TeraWulf during the 2nd quarter worth $30,000. Advisor Group Holdings Inc. grew its stake in shares of TeraWulf by 2,542.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,700 shares of the company’s stock worth $31,000 after purchasing an additional 3,560 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of TeraWulf during the 3rd quarter worth $50,000. Finally, Platform Technology Partners acquired a new position in shares of TeraWulf during the 4th quarter worth $80,000.

Analysts Set New Price Targets

Separately, B. Riley lowered their price target on shares of TeraWulf from $5.00 to $2.00 and set a “buy” rating on the stock in a research note on Tuesday, February 14th.

Insider Activity at TeraWulf

In other TeraWulf news, CEO Paul B. Prager acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, April 11th. The shares were purchased at an average cost of $1.37 per share, with a total value of $137,000.00. Following the purchase, the chief executive officer now owns 475,000 shares in the company, valued at $650,750. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 36.12% of the stock is owned by corporate insiders.

TeraWulf Stock Down 1.2 %

NASDAQ:WULF opened at $1.60 on Monday. TeraWulf Inc. has a fifty-two week low of $0.54 and a fifty-two week high of $3.76. The firm’s fifty day simple moving average is $1.16 and its 200-day simple moving average is $0.94. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.67.

TeraWulf Company Profile

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TeraWulf, Inc owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. The company was founded by Paul Prager and Nazar Khan on February 8, 2021 and is headquartered in Easton, MD.