SRN Advisors LLC Invests $792,000 in TeraWulf Inc. (NASDAQ:WULF)

SRN Advisors LLC acquired a new stake in shares of TeraWulf Inc. (NASDAQ:WULF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 140,000 shares of the company’s stock, valued at approximately $792,000.

Several other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in TeraWulf by 12.9% during 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 holdings in shares of TeraWulf by 3.8% during the third quarter. State Street Corp now owns 6,283,196 shares of the company’s stock worth $29,405,000 after purchasing an additional 227,186 shares during the period. Van ECK Associates Corp boosted its position in TeraWulf by 74.2% in the fourth quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company’s stock valued at $26,964,000 after buying an additional 2,028,383 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in TeraWulf by 258.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock valued at $11,063,000 after buying an additional 1,704,013 shares during the last quarter. Finally, Zweig DiMenna Associates LLC increased its holdings in TeraWulf by 8.8% in the 4th quarter. Zweig DiMenna Associates LLC now owns 2,206,120 shares of the company’s stock worth $12,487,000 after buying an additional 178,620 shares during the period. 62.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WULF has been the subject of several research reports. Rosenblatt Securities restated a “buy” rating and set a $10.00 price objective on shares of TeraWulf in a research note on Monday, January 13th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a research report on Monday, January 6th. Atb Cap Markets raised TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. Keefe, Bruyette & Woods began coverage on TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $9.50 target price on shares of TeraWulf in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $8.64.

TeraWulf Price Performance

WULF stock opened at $3.72 on Thursday. TeraWulf Inc. has a 52-week low of $1.57 and a 52-week high of $9.30. The company’s 50-day simple moving average is $5.37 and its 200-day simple moving average is $5.57.

TeraWulf Company 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.