Situational Awareness LP Makes New $27.77 Million Investment in WhiteFiber, Inc. $WYFI

Situational Awareness LP bought a new stake in WhiteFiber, Inc. (NASDAQ:WYFI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,757,600 shares of the company’s stock, valued at approximately $27,770,000. WhiteFiber comprises about 0.5% of Situational Awareness LP’s investment portfolio, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of WYFI. Strs Ohio bought a new stake in shares of WhiteFiber in the 4th quarter valued at about $30,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of WhiteFiber in the 4th quarter valued at about $55,000. Prelude Capital Management LLC bought a new stake in shares of WhiteFiber in the 3rd quarter valued at about $258,000. J.W. Cole Advisors Inc. bought a new stake in shares of WhiteFiber in the 3rd quarter valued at about $260,000. Finally, CCG Wealth Management LLC bought a new stake in shares of WhiteFiber in the 4th quarter valued at about $263,000.

WhiteFiber Stock Down 15.3%

Shares of NASDAQ:WYFI opened at $23.27 on Friday. WhiteFiber, Inc. has a 1 year low of $10.51 and a 1 year high of $40.75. The company has a market cap of $898.45 million and a PE ratio of -16.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.77 and a quick ratio of 2.77. The stock’s 50-day moving average is $20.36 and its 200 day moving average is $18.67.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The business had revenue of $21.92 million for the quarter. The company’s quarterly revenue was up 30.4% on a year-over-year basis. Sell-side analysts anticipate that WhiteFiber, Inc. will post -1.01 EPS for the current year.

Analysts Set New Price Targets

WYFI has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a research note on Friday, March 27th. HC Wainwright lowered their target price on WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Needham & Company LLC boosted their target price on WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Cantor Fitzgerald boosted their target price on WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Finally, B. Riley Financial reissued a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.00.

About WhiteFiber

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.