Deutsche Bank AG Trims Holdings in TeraWulf Inc. $WULF

Deutsche Bank AG trimmed its position in TeraWulf Inc. (NASDAQ:WULF) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 479,128 shares of the company’s stock after selling 11,373 shares during the quarter. Deutsche Bank AG owned about 0.13% of TeraWulf worth $1,308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Calamos Advisors LLC purchased a new stake in TeraWulf in the 1st quarter worth approximately $33,000. Platform Technology Partners purchased a new stake in TeraWulf in the 1st quarter worth approximately $39,000. Kraematon Investment Advisors Inc. purchased a new stake in TeraWulf in the 1st quarter worth approximately $42,000. Regatta Capital Group LLC purchased a new stake in TeraWulf in the 1st quarter worth approximately $42,000. Finally, CoreCap Advisors LLC increased its holdings in TeraWulf by 67.9% in the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company’s stock worth $43,000 after acquiring an additional 3,054 shares in the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Trading Down 0.3%

WULF stock opened at $9.16 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of -26.17 and a beta of 3.17. TeraWulf Inc. has a 1-year low of $2.06 and a 1-year high of $10.71. The business has a 50 day simple moving average of $5.40 and a two-hundred day simple moving average of $4.15.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The firm had revenue of $47.64 million for the quarter, compared to the consensus estimate of $46.30 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The firm’s revenue was up 33.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) earnings per share. Research analysts anticipate that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WULF shares. Northland Securities set a $12.00 target price on shares of TeraWulf in a report on Thursday, August 14th. Rosenblatt Securities upped their price target on TeraWulf from $10.50 to $12.00 and gave the stock a “buy” rating in a research note on Friday. Citizens Jmp upgraded TeraWulf to a “strong-buy” rating and set a $7.00 price target for the company in a research note on Thursday, May 22nd. Wall Street Zen upgraded TeraWulf from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, JMP Securities upped their price target on TeraWulf from $7.00 to $13.00 and gave the stock a “market outperform” rating in a research note on Friday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $10.89.

Insider Activity at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $8.64, for a total transaction of $39,744.00. Following the completion of the transaction, the director directly owned 40,769 shares in the company, valued at approximately $352,244.16. This represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 24.88% of the company’s stock.

TeraWulf 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.