Matauro LLC Takes $192,000 Position in TeraWulf Inc. (NASDAQ:WULF)

Matauro LLC acquired a new stake in TeraWulf Inc. (NASDAQ:WULF) in the 4th quarter, Holdings Channel.com reports. The fund acquired 33,990 shares of the company’s stock, valued at approximately $192,000.

Other large investors have also added to or reduced their stakes in the company. FMR LLC grew its holdings in TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after acquiring an additional 1,408 shares during the last quarter. Chesapeake Capital Corp IL raised its position in TeraWulf by 6.6% during the 3rd quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company’s stock worth $136,000 after purchasing an additional 1,700 shares during the last quarter. ARS Investment Partners LLC lifted its holdings in TeraWulf by 20.0% during the 4th quarter. ARS Investment Partners LLC now owns 12,000 shares of the company’s stock worth $68,000 after buying an additional 2,000 shares during the period. Truist Financial Corp lifted its holdings in TeraWulf by 5.0% during the 4th quarter. Truist Financial Corp now owns 52,500 shares of the company’s stock worth $297,000 after buying an additional 2,500 shares during the period. Finally, KBC Group NV increased its stake in shares of TeraWulf by 49.3% in the fourth quarter. KBC Group NV now owns 12,349 shares of the company’s stock valued at $70,000 after buying an additional 4,077 shares during the period. Institutional investors own 62.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $10.00 price target on shares of TeraWulf in a report on Monday, January 13th. B. Riley increased their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 target price on shares of TeraWulf in a report on Monday, January 6th. Northland Securities reaffirmed an “outperform” rating and set a $10.00 price target on shares of TeraWulf in a research report on Tuesday, December 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $9.50 price objective on shares of TeraWulf in a research report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TeraWulf presently has a consensus rating of “Buy” and an average target price of $8.64.

TeraWulf Trading Down 9.3 %

TeraWulf stock opened at $4.08 on Friday. TeraWulf Inc. has a 12-month low of $1.57 and a 12-month high of $9.30. The firm’s fifty day moving average is $5.61 and its 200 day moving average is $5.55.

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.