72,743 Shares in TeraWulf Inc. (NASDAQ:WULF) Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of TeraWulf Inc. (NASDAQ:WULF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 72,743 shares of the company’s stock, valued at approximately $340,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WULF. Point72 Asset Management L.P. acquired a new stake in TeraWulf during the 2nd quarter worth approximately $22,443,000. Hood River Capital Management LLC purchased a new position in TeraWulf in the 2nd quarter worth approximately $20,532,000. Driehaus Capital Management LLC purchased a new position in TeraWulf in the 2nd quarter worth approximately $9,948,000. Duquesne Family Office LLC purchased a new position in TeraWulf in the 2nd quarter worth approximately $9,301,000. Finally, Zweig DiMenna Associates LLC purchased a new position in TeraWulf in the 3rd quarter worth approximately $9,489,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Price Performance

WULF stock opened at $7.27 on Wednesday. TeraWulf Inc. has a 12-month low of $1.24 and a 12-month high of $9.30. The stock’s 50 day simple moving average is $6.18 and its 200 day simple moving average is $4.84.

Analyst Ratings Changes

A number of equities analysts have weighed in on WULF shares. Rosenblatt Securities restated a “buy” rating and issued a $5.00 price target on shares of TeraWulf in a report on Tuesday, October 8th. B. Riley restated a “buy” rating and issued a $6.00 price target on shares of TeraWulf in a report on Monday, October 7th. Stifel Canada cut TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Needham & Company LLC increased their target price on TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Northland Securities increased their target price on TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $7.21.

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.