P Schoenfeld Asset Management LP Makes New $252,000 Investment in TeraWulf Inc. (NASDAQ:WULF)

P Schoenfeld Asset Management LP purchased a new position in shares of TeraWulf Inc. (NASDAQ:WULFGet Rating) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,999 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WULF. HighTower Advisors LLC bought a new stake in shares of TeraWulf during the 4th quarter worth about $1,040,000. Owl Creek Asset Management L.P. bought a new stake in shares of TeraWulf in the 4th quarter worth approximately $4,360,000. Marshall Wace LLP bought a new stake in shares of TeraWulf in the 4th quarter worth approximately $11,926,000. Empowered Funds LLC bought a new stake in shares of TeraWulf in the 1st quarter worth approximately $422,000. Finally, Cannon Global Investment Management LLC bought a new stake in shares of TeraWulf in the 1st quarter worth approximately $304,000. 8.98% of the stock is currently owned by institutional investors.

TeraWulf Stock Up 10.2 %

WULF stock opened at $1.19 on Friday. TeraWulf Inc. has a 52-week low of $1.06 and a 52-week high of $43.98. The company’s 50 day simple moving average is $1.45 and its 200-day simple moving average is $3.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.22 and a quick ratio of 0.22. The firm has a market capitalization of $126.97 million, a P/E ratio of 1.69 and a beta of 1.54.

Wall Street Analyst Weigh In

Separately, B. Riley dropped their target price on shares of TeraWulf from $19.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd.

TeraWulf Company Profile

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TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc is based in Easton, Maryland.

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Institutional Ownership by Quarter for TeraWulf (NASDAQ:WULF)

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