WhiteFiber, Inc.’s (NASDAQ:WYFI) Lock-Up Period Set To End on February 3rd

WhiteFiber’s (NASDAQ:WYFI) lock-up period will expire on Tuesday, February 3rd. WhiteFiber had issued 9,375,000 shares in its initial public offering on August 7th. The total size of the offering was $159,375,000 based on an initial share price of $17.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WYFI shares. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a research report on Monday, December 29th. JMP Securities set a $37.00 price objective on WhiteFiber in a research note on Wednesday, November 19th. Citigroup assumed coverage on shares of WhiteFiber in a research note on Wednesday, November 19th. They set an “outperform” rating for the company. B. Riley reduced their price target on shares of WhiteFiber from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, December 24th. Finally, Needham & Company LLC decreased their price target on shares of WhiteFiber from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 14th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.30.

WhiteFiber Stock Up 2.1%

NASDAQ:WYFI opened at $20.53 on Tuesday. The firm has a market cap of $785.48 million and a price-to-earnings ratio of -43.68. The firm’s 50 day moving average is $18.13. WhiteFiber has a 12-month low of $13.91 and a 12-month high of $40.75.

WhiteFiber (NASDAQ:WYFI) last posted its earnings results on Thursday, November 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.35). The business had revenue of $20.18 million during the quarter, compared to the consensus estimate of $21.18 million. The company’s revenue was up 64.2% compared to the same quarter last year.

Institutional Trading of WhiteFiber

Large investors have recently added to or reduced their stakes in the business. Monashee Investment Management LLC bought a new stake in WhiteFiber during the 3rd quarter valued at $9,645,000. Marshall Wace LLP acquired a new stake in WhiteFiber in the third quarter worth about $9,105,000. Wasatch Advisors LP bought a new position in WhiteFiber in the 3rd quarter valued at about $8,382,000. Clearfield Capital Management LP acquired a new position in WhiteFiber during the 3rd quarter valued at about $6,778,000. Finally, Vanguard Group Inc. bought a new stake in shares of WhiteFiber during the 3rd quarter worth about $6,563,000.

WhiteFiber Company 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.