Luminus Management LLC Boosts Holdings in TeraWulf Inc. (NASDAQ:WULF)

Luminus Management LLC raised its position in shares of TeraWulf Inc. (NASDAQ:WULFFree Report) by 97.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,099,393 shares of the company’s stock after buying an additional 542,496 shares during the period. TeraWulf comprises about 0.4% of Luminus Management LLC’s holdings, making the stock its 19th largest holding. Luminus Management LLC owned about 0.47% of TeraWulf worth $1,385,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. California State Teachers Retirement System boosted its holdings in TeraWulf by 202.0% during the 1st quarter. California State Teachers Retirement System now owns 26,137 shares of the company’s stock valued at $25,000 after acquiring an additional 17,482 shares during the period. Citigroup Inc. boosted its stake in shares of TeraWulf by 17,705.9% in the second quarter. Citigroup Inc. now owns 15,135 shares of the company’s stock valued at $26,000 after purchasing an additional 15,050 shares during the period. Rhumbline Advisers acquired a new position in shares of TeraWulf in the second quarter valued at approximately $30,000. Toroso Investments LLC purchased a new stake in TeraWulf during the 1st quarter worth approximately $30,000. Finally, Advisor Group Holdings Inc. lifted its holdings in TeraWulf by 2,542.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,700 shares of the company’s stock worth $31,000 after buying an additional 3,560 shares in the last quarter. 13.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald upped their price objective on TeraWulf from $3.00 to $4.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $3.65.

Get Our Latest Stock Report on TeraWulf

TeraWulf Stock Down 9.5 %

TeraWulf stock traded down $0.20 during trading on Thursday, reaching $1.90. The stock had a trading volume of 16,982,869 shares, compared to its average volume of 21,197,490. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.34. TeraWulf Inc. has a 52-week low of $0.54 and a 52-week high of $4.04. The business has a 50 day moving average price of $2.01 and a 200 day moving average price of $1.65.

TeraWulf Profile

(Free Report)

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites in New York and Pennsylvania. TeraWulf Inc was founded in 2021 and is based in Easton, Maryland.

See Also

Institutional Ownership by Quarter for TeraWulf (NASDAQ:WULF)

Receive News & Ratings for TeraWulf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TeraWulf and related companies with MarketBeat.com's FREE daily email newsletter.