TeraWulf Inc. (NASDAQ:WULF) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 36.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,332 shares of the company’s stock after purchasing an additional 30,679 shares during the period. Vontobel Holding Ltd.’s holdings in TeraWulf were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Busey Bank acquired a new position in TeraWulf during the fourth quarter valued at $87,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in TeraWulf by 126.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,457,169 shares of the company’s stock valued at $5,897,000 after buying an additional 1,372,195 shares in the last quarter. Black Swift Group LLC purchased a new position in TeraWulf in the fourth quarter valued at $48,000. Country Club Bank GFN purchased a new position in TeraWulf in the fourth quarter valued at $49,000. Finally, Regatta Capital Group LLC purchased a new position in TeraWulf in the fourth quarter valued at $31,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WULF. Compass Point cut their price objective on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a report on Thursday, March 21st. B. Riley cut their price objective on shares of TeraWulf from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, April 5th. Rosenblatt Securities began coverage on shares of TeraWulf in a report on Tuesday, April 9th. They issued a “buy” rating and a $4.20 price objective for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $4.00 price objective on shares of TeraWulf in a report on Thursday, March 28th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $3.66.

TeraWulf Price Performance

WULF stock opened at $2.71 on Wednesday. The firm has a 50-day simple moving average of $2.18 and a 200-day simple moving average of $1.77. TeraWulf Inc. has a 52 week low of $0.89 and a 52 week high of $4.04.

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.