Virtu Financial LLC Takes Position in TeraWulf Inc. (NASDAQ:WULF)

Virtu Financial LLC purchased a new position in shares of TeraWulf Inc. (NASDAQ:WULF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 92,672 shares of the company’s stock, valued at approximately $434,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC lifted its position in shares of TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after purchasing an additional 1,408 shares in the last quarter. Chesapeake Capital Corp IL lifted its holdings in TeraWulf by 6.6% in the 3rd quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company’s stock worth $136,000 after buying an additional 1,700 shares in the last quarter. Amalgamated Bank boosted its position in 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 buying an additional 2,912 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of TeraWulf by 13.3% during the third quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock valued at $163,000 after acquiring an additional 4,093 shares in the last quarter. Finally, Aspect Partners LLC purchased a new stake in shares of TeraWulf during the third quarter worth about $26,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Performance

TeraWulf stock opened at $7.04 on Monday. TeraWulf Inc. has a 1 year low of $1.24 and a 1 year high of $9.30. The firm’s 50-day moving average is $6.62 and its 200-day moving average is $5.14.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WULF shares. Needham & Company LLC raised their price objective on TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, November 13th. B. Riley reissued a “buy” rating and set a $6.00 price target on shares of TeraWulf in a research report on Monday, October 7th. Northland Securities increased their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $10.00 target price on shares of TeraWulf in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $8.07.

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.