State Street Corp Increases Stock Position in TeraWulf Inc. (NASDAQ:WULF)

State Street Corp boosted its stake in shares of TeraWulf Inc. (NASDAQ:WULF) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,283,196 shares of the company’s stock after purchasing an additional 227,186 shares during the period. State Street Corp owned about 1.63% of TeraWulf worth $29,405,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after buying an additional 1,408 shares during the period. Chesapeake Capital Corp IL increased its position in shares of TeraWulf by 6.6% during the 3rd quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company’s stock valued at $136,000 after purchasing an additional 1,700 shares during the last quarter. Amalgamated Bank lifted its stake in shares of TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after purchasing an additional 2,912 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of TeraWulf by 13.3% in the third quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock worth $163,000 after buying an additional 4,093 shares during the last quarter. Finally, Aspect Partners LLC purchased a new stake in TeraWulf during the third quarter valued at approximately $26,000. Institutional investors own 62.49% of the company’s stock.

Analyst Upgrades and Downgrades

WULF has been the topic of a number of recent research reports. Northland Securities raised their target price on TeraWulf from $8.00 to $10.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a research note on Wednesday, December 4th. Needham & Company LLC raised their price objective on shares of TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research report on Wednesday, November 13th. B. Riley boosted their price objective on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Stifel Canada cut shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, TeraWulf has a consensus rating of “Buy” and an average price target of $8.64.

TeraWulf Stock Up 1.8 %

NASDAQ:WULF opened at $6.61 on Friday. The business has a 50 day simple moving average of $6.95 and a 200-day simple moving average of $5.28. TeraWulf Inc. has a 1 year low of $1.24 and a 1 year high of $9.30.

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.