TeraWulf Inc. (NASDAQ:WULF) Stock Holdings Decreased by GM Advisory Group LLC

GM Advisory Group LLC trimmed its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 87.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 244,804 shares of the company’s stock after selling 1,631,867 shares during the period. GM Advisory Group LLC owned approximately 0.06% of TeraWulf worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of WULF. Aspect Partners LLC bought a new position in TeraWulf in the third quarter worth $26,000. 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 worth $35,000 after acquiring an additional 2,912 shares during the last quarter. KBC Group NV bought a new position in TeraWulf in the 3rd quarter valued at $39,000. ARS Investment Partners LLC acquired a new stake in TeraWulf in the second quarter worth about $44,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in shares of TeraWulf during the 2nd quarter worth approximately $44,000. 62.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WULF. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of TeraWulf in a research report on Thursday, October 3rd. Needham & Company LLC lifted their target price on TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Northland Securities increased their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. B. Riley reissued a “buy” rating and issued a $6.00 target price on shares of TeraWulf in a research note on Monday, October 7th. Finally, Stifel Canada downgraded TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $7.21.

TeraWulf Trading Down 2.3 %

NASDAQ WULF opened at $7.03 on Friday. TeraWulf Inc. has a 1 year low of $1.01 and a 1 year high of $9.30. The firm’s 50 day simple moving average is $5.73 and its 200 day simple moving average is $4.52.

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.