KBC Group NV Acquires New Shares in TeraWulf Inc. (NASDAQ:WULF)

KBC Group NV purchased a new stake in TeraWulf Inc. (NASDAQ:WULF) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,272 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in TeraWulf by 13.3% in the third quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock valued at $163,000 after buying an additional 4,093 shares during the period. TRU Independence Asset Management 2 LLC purchased a new stake in shares of TeraWulf during the 3rd quarter worth approximately $234,000. Hollencrest Capital Management lifted its position in shares of TeraWulf by 30.2% during the 3rd quarter. Hollencrest Capital Management now owns 77,593 shares of the company’s stock valued at $363,000 after buying an additional 18,000 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of TeraWulf during the 3rd quarter valued at approximately $67,000. Finally, Sippican Capital Advisors raised its stake in shares of TeraWulf by 31.2% during the 3rd quarter. Sippican Capital Advisors now owns 27,150 shares of the company’s stock valued at $127,000 after purchasing an additional 6,450 shares during the period. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Stock Up 6.6 %

WULF opened at $7.45 on Friday. The stock has a 50-day moving average price of $5.79 and a 200-day moving average price of $4.57. TeraWulf Inc. has a 1 year low of $1.07 and a 1 year high of $9.30.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WULF. Northland Securities increased their price objective on TeraWulf from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Needham & Company LLC upped their price objective 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. B. Riley reaffirmed a “buy” rating and set a $6.00 target price on shares of TeraWulf in a research note on Monday, October 7th. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $5.00 price target on shares of TeraWulf in a research report on Tuesday, October 8th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $7.21.

TeraWulf Company 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.