TeraWulf (NASDAQ:WULF) Director Michael Bucella Buys 1,670 Shares
by Renee Jackson · The Cerbat GemTeraWulf Inc. (NASDAQ:WULF – Get Free Report) Director Michael Bucella purchased 1,670 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was acquired at an average price of $14.96 per share, with a total value of $24,983.20. Following the completion of the purchase, the director directly owned 278,387 shares in the company, valued at $4,164,669.52. This trade represents a 0.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
TeraWulf Price Performance
Shares of TeraWulf stock traded up $0.44 on Thursday, hitting $15.74. 23,040,071 shares of the company traded hands, compared to its average volume of 30,147,910. The stock has a market capitalization of $6.67 billion, a P/E ratio of -9.66 and a beta of 3.67. The company has a debt-to-equity ratio of 33.00, a quick ratio of 2.00 and a current ratio of 2.00. TeraWulf Inc. has a 52 week low of $2.06 and a 52 week high of $18.51. The business has a 50-day simple moving average of $14.95 and a 200 day simple moving average of $13.47.
TeraWulf News Summary
Here are the key news stories impacting TeraWulf this week:
- Positive Sentiment: Rosenblatt reaffirmed a “buy” rating with a $23 price target, signaling analyst confidence and substantial upside vs. the current price. Rosenblatt Reaffirmation
- Positive Sentiment: TeraWulf secured a $500 million loan to fund its Kentucky AI/HPC data center — an important liquidity event that de-risks financing for the buildout. $500M Loan Announcement
- Positive Sentiment: The company engaged Fluor for preconstruction work on a ~$3 billion Kentucky data center, advancing a major capital project tied to its AI/HPC strategy. Fluor Preconstruction
- Positive Sentiment: TeraWulf reported long-term lease agreements representing 522 MW of critical IT capacity and cited $12.8B in contracted revenue potential, supporting the long-term revenue outlook for the AI/HPC pivot. Lease Agreements Report
- Positive Sentiment: Director Michael C. Bucella made modest open-market purchases across March 17–19, increasing his holdings slightly — a signal of insider confidence at the director level. Director Form 4 Filings
- Neutral Sentiment: Analyst consensus is roughly a “moderate buy,” suggesting mixed but generally favorable analyst coverage beyond the Rosenblatt call. Analyst Consensus
- Negative Sentiment: CFO Patrick Fleury executed large sales (totaling several hundred thousand shares) in mid‑March, materially reducing his stake — sizable insider selling can be viewed negatively by investors. CFO Form 4 Filing
- Negative Sentiment: Reported revenues fell as the firm optimized miner operations while shifting to HPC — near-term top-line pressure that investors should monitor for margin and cashflow impact. Revenue Drop Article
- Negative Sentiment: A recent analysis flags that TeraWulf’s AI pivot, while promising, carries underestimated risks — a cautionary view that may temper some investor enthusiasm. Seeking Alpha Analysis
Hedge Funds Weigh In On TeraWulf
Several institutional investors have recently bought and sold shares of the business. Comerica Bank increased its holdings in shares of TeraWulf by 3,748.5% in the 1st quarter. Comerica Bank now owns 12,700 shares of the company’s stock worth $35,000 after buying an additional 12,370 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of TeraWulf by 47.8% in the 1st quarter. Millennium Management LLC now owns 2,456,045 shares of the company’s stock valued at $6,705,000 after acquiring an additional 793,832 shares during the last quarter. Envestnet Asset Management Inc. grew its position in TeraWulf by 5.8% in the second quarter. Envestnet Asset Management Inc. now owns 41,375 shares of the company’s stock worth $181,000 after acquiring an additional 2,258 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in TeraWulf by 5.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 59,677 shares of the company’s stock worth $261,000 after acquiring an additional 2,905 shares in the last quarter. Finally, Creative Planning increased its stake in TeraWulf by 232.2% during the second quarter. Creative Planning now owns 47,665 shares of the company’s stock worth $209,000 after acquiring an additional 33,317 shares during the last quarter. Institutional investors own 62.49% of the company’s stock.
Analysts Set New Price Targets
Several analysts have commented on WULF shares. Cantor Fitzgerald boosted their price target on shares of TeraWulf from $18.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Needham & Company LLC restated a “buy” rating and set a $21.00 price objective on shares of TeraWulf in a research report on Tuesday, February 3rd. Keefe, Bruyette & Woods reduced their target price on TeraWulf from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of TeraWulf in a research report on Monday, December 29th. Finally, Rosenblatt Securities restated a “buy” rating and set a $23.00 price target on shares of TeraWulf in a report on Thursday. Twelve investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.62.
Check Out Our Latest Stock Report on TeraWulf
TeraWulf Company Profile
TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.
One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.