TeraWulf Inc. (NASDAQ:WULF) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in TeraWulf Inc. (NASDAQ:WULF) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 686,219 shares of the company’s stock after purchasing an additional 64,634 shares during the period. Franklin Resources Inc. owned about 0.18% of TeraWulf worth $3,081,000 as of its most recent filing with the Securities & Exchange Commission.

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

TeraWulf Stock Performance

Shares of TeraWulf stock opened at $6.23 on Thursday. TeraWulf Inc. has a 1 year low of $1.24 and a 1 year high of $9.30. The business has a 50 day moving average price of $7.03 and a 200 day moving average price of $5.36.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. B. Riley upped their price target on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Rosenblatt Securities restated a “buy” rating and set a $10.00 target price on shares of TeraWulf in a research report on Thursday, December 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a research report on Wednesday, December 4th. Stifel Canada cut TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $10.00 price objective on shares of TeraWulf in a report on Tuesday. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $8.64.

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.