Matauro LLC Purchases New Holdings in TeraWulf Inc. (NASDAQ:WULF)

Matauro LLC purchased a new position in shares of TeraWulf Inc. (NASDAQ:WULF) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 33,990 shares of the company’s stock, valued at approximately $192,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in TeraWulf by 12.9% in the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock valued at $33,623,000 after purchasing an additional 820,354 shares during the last quarter. State Street Corp lifted its position in shares of TeraWulf by 3.8% in the third quarter. State Street Corp now owns 6,283,196 shares of the company’s stock valued at $29,405,000 after buying an additional 227,186 shares during the last quarter. Van ECK Associates Corp boosted its stake 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 acquiring an additional 2,028,383 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of TeraWulf by 258.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock worth $11,063,000 after acquiring an additional 1,704,013 shares during the last quarter. Finally, Zweig DiMenna Associates LLC raised its stake in TeraWulf by 8.8% in the 4th quarter. Zweig DiMenna Associates LLC now owns 2,206,120 shares of the company’s stock valued at $12,487,000 after acquiring an additional 178,620 shares during the period. Institutional investors own 62.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WULF shares. Needham & Company LLC reissued a “buy” rating and issued a $9.50 target price on shares of TeraWulf in a research report on Monday, January 13th. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a report on Monday, January 13th. B. Riley raised their target price on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Finally, Northland Securities reissued an “outperform” rating and set a $10.00 price target on shares of TeraWulf in a research report on Tuesday, December 24th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, TeraWulf has an average rating of “Buy” and a consensus target price of $8.64.

TeraWulf Price Performance

Shares of NASDAQ WULF opened at $4.08 on Friday. The stock has a 50-day moving average price of $5.61 and a two-hundred day moving average price of $5.55. TeraWulf Inc. has a 12 month low of $1.57 and a 12 month high of $9.30.

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.