California State Teachers Retirement System Has $1.51 Million Stock Position in TeraWulf Inc. (NASDAQ:WULF)

California State Teachers Retirement System lifted its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 266,955 shares of the company’s stock after acquiring an additional 31,236 shares during the quarter. California State Teachers Retirement System owned approximately 0.07% of TeraWulf worth $1,511,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Driehaus Capital Management LLC increased its position in TeraWulf by 3.4% in the fourth quarter. Driehaus Capital Management LLC now owns 12,733,291 shares of the company’s stock worth $72,070,000 after purchasing an additional 412,877 shares during the period. Geode Capital Management LLC boosted its stake in shares of TeraWulf by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 7,636,552 shares of the company’s stock valued at $43,232,000 after purchasing an additional 453,429 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of TeraWulf by 21.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company’s stock worth $30,387,000 after buying an additional 955,795 shares during the period. Van ECK Associates Corp grew its position in shares of TeraWulf by 74.2% during the 4th quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company’s stock worth $26,964,000 after buying an additional 2,028,383 shares during the period. Finally, Senator Investment Group LP bought a new stake in shares of TeraWulf during the fourth quarter worth approximately $24,371,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Stock Up 13.6%

WULF opened at $4.35 on Monday. The stock has a market cap of $1.67 billion, a P/E ratio of -13.18 and a beta of 3.09. TeraWulf Inc. has a 12 month low of $2.06 and a 12 month high of $9.30. The company has a fifty day simple moving average of $3.16 and a 200 day simple moving average of $4.52.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Friday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The business had revenue of $34.41 million during the quarter, compared to the consensus estimate of $45.72 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. On average, equities research analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

WULF has been the topic of a number of recent research reports. Citizens Jmp raised shares of TeraWulf to a “strong-buy” rating and set a $7.00 price objective on the stock in a research note on Thursday, May 22nd. Rosenblatt Securities reduced their price target on TeraWulf from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. Jones Trading assumed coverage on TeraWulf in a research note on Monday, March 31st. They set a “buy” rating and a $4.00 price objective for the company. Finally, JMP Securities assumed coverage on TeraWulf in a research note on Thursday, May 22nd. They issued a “market outperform” rating and a $7.00 target price on the stock. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, TeraWulf has an average rating of “Buy” and a consensus target price of $7.67.

About TeraWulf

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.