Clearfield Capital Management LP Buys New Shares in WhiteFiber, Inc. $WYFI

Clearfield Capital Management LP bought a new position in WhiteFiber, Inc. (NASDAQ:WYFI) in the 3rd quarter, Holdings Channel.com reports. The fund bought 249,482 shares of the company’s stock, valued at approximately $6,778,000. WhiteFiber makes up 4.1% of Clearfield Capital Management LP’s holdings, making the stock its 10th biggest position.

A number of other institutional investors have also bought and sold shares of WYFI. Monashee Investment Management LLC bought a new stake in WhiteFiber during the third quarter valued at about $9,645,000. Marshall Wace LLP bought a new position in shares of WhiteFiber in the third quarter worth about $9,105,000. Vanguard Group Inc. bought a new position in shares of WhiteFiber in the third quarter worth about $6,563,000. Zweig DiMenna Associates LLC purchased a new stake in shares of WhiteFiber during the third quarter worth about $5,214,000. Finally, Metavasi Capital LP bought a new stake in WhiteFiber during the 3rd quarter valued at approximately $5,193,000.

WhiteFiber Stock Down 6.1%

WhiteFiber stock opened at $15.75 on Friday. WhiteFiber, Inc. has a 52-week low of $13.91 and a 52-week high of $40.75. The firm’s fifty day moving average is $18.24 and its 200 day moving average is $21.61. The company has a market cap of $602.60 million and a price-to-earnings ratio of -33.51.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WYFI. Citigroup assumed coverage on shares of WhiteFiber in a research report on Wednesday, November 19th. They set an “outperform” rating on the stock. Compass Point began coverage on shares of WhiteFiber in a research report on Tuesday, December 16th. They set a “buy” rating and a $32.00 target price for the company. B. Riley Financial cut their target price on shares of WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, December 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a report on Monday, December 29th. Finally, Citizens Jmp set a $37.00 price objective on shares of WhiteFiber in a report on Wednesday, November 19th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, WhiteFiber currently has an average rating of “Moderate Buy” and a consensus target price of $36.22.

WhiteFiber Profile

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.