TeraWulf Inc. (NASDAQ:WULF) Shares Acquired by Concentric Capital Strategies LP

Concentric Capital Strategies LP boosted its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 72.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 372,451 shares of the company’s stock after purchasing an additional 156,905 shares during the period. Concentric Capital Strategies LP’s holdings in TeraWulf were worth $1,743,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aspect Partners LLC purchased a new position in TeraWulf in the 3rd quarter valued at about $26,000. FMR LLC lifted its stake in shares of TeraWulf by 22.0% in the third quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after acquiring an additional 1,408 shares in the last quarter. Amalgamated Bank raised its position in shares of TeraWulf by 57.7% in the 2nd 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 purchased a new position in shares of TeraWulf during the 3rd quarter valued at approximately $39,000. Finally, ARS Investment Partners LLC purchased a new position in shares of TeraWulf during the 2nd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price target on shares of TeraWulf in a report on Thursday, October 3rd. Needham & Company LLC upped their target price on shares of TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Stifel Canada cut shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Rosenblatt Securities reissued a “buy” rating and issued a $5.00 price objective on shares of TeraWulf in a report on Tuesday, October 8th. Finally, Northland Securities increased their target price on TeraWulf from $8.00 to $10.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $7.21.

TeraWulf Price Performance

Shares of NASDAQ WULF opened at $7.32 on Tuesday. The firm’s 50-day moving average price is $6.09 and its two-hundred day moving average price is $4.76. TeraWulf Inc. has a 52-week low of $1.24 and a 52-week high of $9.30.

About TeraWulf

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.