Tidal Investments LLC Acquires 810,382 Shares of TeraWulf Inc. (NASDAQ:WULF)

Tidal Investments LLC boosted its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 1,389.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 868,692 shares of the company’s stock after purchasing an additional 810,382 shares during the quarter. Tidal Investments LLC owned about 0.23% of TeraWulf worth $4,065,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WULF. Aspect Partners LLC acquired a new stake in TeraWulf during the third quarter worth about $26,000. FMR LLC increased its position in shares of TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after purchasing an additional 1,408 shares during the period. Amalgamated Bank raised its stake in shares of TeraWulf by 57.7% in the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after purchasing an additional 2,912 shares in the last quarter. KBC Group NV bought a new position in TeraWulf in the third quarter worth $39,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in TeraWulf during the second quarter worth $44,000. 62.49% of the stock is owned by institutional investors.

TeraWulf Stock Performance

Shares of WULF stock opened at $7.04 on Friday. The stock’s fifty day moving average is $6.62 and its 200-day moving average is $5.12. TeraWulf Inc. has a 52 week low of $1.24 and a 52 week high of $9.30.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WULF. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of TeraWulf in a report on Thursday, December 5th. Stifel Canada lowered TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC raised their target price on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Northland Securities upped their price target on TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 target price on shares of TeraWulf in a research note on Wednesday, December 4th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, TeraWulf currently has a consensus rating of “Buy” and a consensus target price of $8.07.

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.