Hodges Capital Management Inc. Grows Stock Holdings in TeraWulf Inc. $WULF

Hodges Capital Management Inc. grew its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 13.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,062,480 shares of the company’s stock after acquiring an additional 493,001 shares during the period. TeraWulf comprises 1.7% of Hodges Capital Management Inc.’s portfolio, making the stock its 13th largest position. Hodges Capital Management Inc. owned 1.06% of TeraWulf worth $17,794,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of WULF. Quantbot Technologies LP purchased a new position in TeraWulf during the 1st quarter valued at about $3,702,000. Aurelius Capital Management LP bought a new stake in shares of TeraWulf in the 1st quarter worth approximately $2,520,000. Cresset Asset Management LLC grew its position in shares of TeraWulf by 3,930.6% in the 1st quarter. Cresset Asset Management LLC now owns 880,687 shares of the company’s stock worth $2,404,000 after buying an additional 858,837 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of TeraWulf during the first quarter valued at approximately $2,181,000. Finally, Millennium Management LLC raised its holdings in shares of TeraWulf by 47.8% during the first quarter. Millennium Management LLC now owns 2,456,045 shares of the company’s stock valued at $6,705,000 after acquiring an additional 793,832 shares in the last quarter. 62.49% of the stock is owned by institutional investors.

Insider Buying and Selling at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of TeraWulf stock in a transaction that occurred on Friday, August 15th. The shares were 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 trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 19.90% of the company’s stock.

TeraWulf Stock Performance

Shares of WULF stock opened at $13.94 on Monday. The company’s fifty day moving average price is $12.36 and its 200-day moving average price is $7.53. The stock has a market cap of $5.69 billion, a PE ratio of -39.83 and a beta of 3.57. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.96. TeraWulf Inc. has a 12 month low of $2.06 and a 12 month high of $17.05.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings results on Friday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The business had revenue of $47.64 million for the quarter, compared to analysts’ expectations of $46.30 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The company’s revenue was up 33.9% on a year-over-year basis. During the same period last year, the business earned ($0.03) earnings per share. On average, equities analysts expect that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WULF shares. UBS Group set a $18.25 price target on TeraWulf in a research note on Friday, October 24th. B. Riley restated a “buy” rating on shares of TeraWulf in a report on Wednesday, October 22nd. Citizens Jmp raised their target price on shares of TeraWulf from $18.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 29th. Needham & Company LLC lifted their target price on shares of TeraWulf from $11.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Roth Capital increased their price target on shares of TeraWulf from $7.00 to $12.50 and gave the stock a “buy” rating in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.67.

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.