Chesapeake Capital Corp IL Invests $85,000 in TeraWulf Inc. (NASDAQ:WULF)

Chesapeake Capital Corp IL acquired a new position in TeraWulf Inc. (NASDAQ:WULF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 35,362 shares of the company’s stock, valued at approximately $85,000.

A number of other large investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its stake in shares of TeraWulf by 83.4% during the fourth quarter. Van ECK Associates Corp now owns 4,464,309 shares of the company’s stock worth $10,714,000 after buying an additional 2,029,641 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of TeraWulf by 126.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,457,169 shares of the company’s stock valued at $5,897,000 after purchasing an additional 1,372,195 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of TeraWulf by 37.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,672,844 shares of the company’s stock worth $4,015,000 after purchasing an additional 459,997 shares during the last quarter. Luminus Management LLC grew its stake in shares of TeraWulf by 97.4% during the third quarter. Luminus Management LLC now owns 1,099,393 shares of the company’s stock worth $1,385,000 after purchasing an additional 542,496 shares during the period. Finally, Axxcess Wealth Management LLC increased its holdings in TeraWulf by 356.2% in the third quarter. Axxcess Wealth Management LLC now owns 1,000,000 shares of the company’s stock valued at $1,260,000 after purchasing an additional 780,786 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Price Performance

NASDAQ WULF traded up $0.08 on Monday, reaching $2.07. The company had a trading volume of 8,708,800 shares, compared to its average volume of 18,263,951. The company’s fifty day moving average is $2.25 and its 200-day moving average is $1.95. TeraWulf Inc. has a 1-year low of $0.89 and a 1-year high of $4.04.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. B. Riley decreased their target price on TeraWulf from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Rosenblatt Securities started coverage on shares of TeraWulf in a research report on Tuesday, April 9th. They set a “buy” rating and a $4.20 price target on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $4.00 target price on shares of TeraWulf in a report on Thursday, March 28th. Finally, Compass Point decreased their target price on TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a research note on Thursday, March 21st. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, TeraWulf has an average rating of “Buy” and a consensus target price of $3.66.

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.