Sargent Investment Group LLC Acquires 16,800 Shares of TeraWulf Inc. (NASDAQ:WULF)

Sargent Investment Group LLC increased its position in TeraWulf Inc. (NASDAQ:WULF) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 217,840 shares of the company’s stock after purchasing an additional 16,800 shares during the period. Sargent Investment Group LLC’s holdings in TeraWulf were worth $1,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WULF. Aspect Partners LLC purchased a new stake in shares of TeraWulf during the third quarter worth about $26,000. Rosenberg Matthew Hamilton purchased a new position in TeraWulf during the 4th quarter valued at approximately $32,000. FMR LLC boosted its holdings in shares of TeraWulf by 22.0% in the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after purchasing an additional 1,408 shares during the period. KBC Group NV purchased a new position in shares of TeraWulf in the 3rd quarter worth approximately $39,000. Finally, Hodges Capital Management Inc. bought a new stake in shares of TeraWulf during the 3rd quarter worth approximately $47,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Trading Up 3.4 %

Shares of NASDAQ WULF opened at $5.18 on Wednesday. TeraWulf Inc. has a 12-month low of $1.55 and a 12-month high of $9.30. The stock has a fifty day moving average price of $6.32 and a 200 day moving average price of $5.54.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Northland Securities reaffirmed an “outperform” rating and set a $10.00 target price on shares of TeraWulf in a research report on Tuesday, December 24th. Keefe, Bruyette & Woods began coverage on TeraWulf in a research note on Wednesday, January 8th. They set a “market perform” rating on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a research note on Monday, January 6th. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a report on Monday, January 13th. Finally, Stifel Canada cut TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $8.64.

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.