Principal Financial Group Inc. Has $99,000 Holdings in TeraWulf Inc. (NASDAQ:WULF)

Principal Financial Group Inc. decreased its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 30.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,221 shares of the company’s stock after selling 9,308 shares during the quarter. Principal Financial Group Inc.’s holdings in TeraWulf were worth $99,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Aspect Partners LLC bought a new stake in shares of TeraWulf during the 3rd quarter valued at approximately $26,000. Amalgamated Bank grew its stake in shares of TeraWulf by 57.7% during the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after buying an additional 2,912 shares during the last quarter. ARS Investment Partners LLC acquired a new position in shares of TeraWulf during the second quarter worth $44,000. Pekin Hardy Strauss Inc. bought a new position in shares of TeraWulf in the 2nd quarter valued at $44,000. Finally, Creative Planning bought a new position in shares of TeraWulf in the 3rd quarter valued at $54,000. Institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Down 6.0 %

Shares of WULF opened at $6.57 on Wednesday. TeraWulf Inc. has a 1-year low of $1.16 and a 1-year high of $9.30. The firm’s 50 day simple moving average is $5.90 and its 200 day simple moving average is $4.65.

Wall Street Analysts Forecast Growth

WULF has been the topic of a number of research reports. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price objective on shares of TeraWulf in a research report on Thursday, October 3rd. Rosenblatt Securities restated a “buy” rating and set a $5.00 price target on shares of TeraWulf in a report on Tuesday, October 8th. Needham & Company LLC raised their price objective on shares of TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a report on Wednesday, November 13th. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Finally, Northland Securities upped their price target on shares of TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Seven investment 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 currently has an average rating of “Buy” and an average price target of $7.21.

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.