Fermi (NASDAQ:FRMI) COO Sells $1,957,322.54 in Stock

Fermi Inc. (NASDAQ:FRMI) COO Blanes Jacobo Ortiz sold 427,363 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $4.58, for a total transaction of $1,957,322.54. Following the completion of the transaction, the chief operating officer owned 5,469,092 shares of the company’s stock, valued at approximately $25,048,441.36. This trade represents a 7.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Blanes Jacobo Ortiz also recently made the following trade(s):

• On Wednesday, April 8th, Blanes Jacobo Ortiz sold 403,545 shares of Fermi stock. The stock was sold at an average price of $4.91, for a total transaction of $1,981,405.95.

Fermi Stock Performance

NASDAQ:FRMI opened at $4.87 on Monday. The stock’s 50 day simple moving average is $7.93. Fermi Inc. has a one year low of $4.47 and a one year high of $36.99. The firm has a market cap of $3.07 billion and a P/E ratio of -5.80.

Analyst Ratings Changes

FRMI has been the topic of several recent research reports. Citigroup initiated coverage on shares of Fermi in a research report on Monday, February 9th. They set an “outperform” rating on the stock. Wall Street Zen downgraded shares of Fermi from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Citizens Jmp initiated coverage on shares of Fermi in a research report on Monday, February 9th. They set a “market outperform” rating and a $30.00 target price on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fermi in a research report on Monday, March 23rd. Finally, Texas Capital upgraded shares of Fermi to a “strong-buy” rating in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fermi has an average rating of “Buy” and a consensus price target of $26.89.

Institutional Trading of Fermi

Several large investors have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new stake in shares of Fermi during the 4th quarter worth approximately $1,056,000. Invesco Ltd. acquired a new stake in shares of Fermi during the 4th quarter worth approximately $8,284,000. Axxcess Wealth Management LLC acquired a new stake in shares of Fermi during the 4th quarter worth approximately $604,000. XTX Topco Ltd acquired a new stake in shares of Fermi during the 4th quarter worth approximately $1,149,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Fermi during the 4th quarter worth approximately $1,079,000.

Key Fermi News

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: Cantor Fitzgerald initiated coverage with an “overweight” rating and an $8.00 price target (about a mid-double‑digit upside vs the current price), which can attract buy-side interest and broker‑driven flows. Cantor Fitzgerald initiation
• Neutral Sentiment: Reported short interest is effectively zero and shows a 0.0 days-to-cover metric based on recent average volume — an unusual but neutral data point that implies short squeezes are unlikely to drive the stock near term. (No accompanying news link.)
• Negative Sentiment: Multiple insiders sold large blocks on April 8–9: CFO Miles Everson, COO Blanes Jacobo Ortiz, and insider Charles Lynn Hamilton each executed roughly 375k–427k share sales across the two days at average prices of about $4.58–$4.91, generating proceeds of roughly $1.8M–$2.0M per trade and reducing their stakes by ~3.7%–7.3%. These are SEC‑filed dispositions and can be interpreted as near‑term selling pressure or portfolio rebalancing. CFO filings COO filings Other insider filings

Fermi Company Profile

Fermi’s mission is to power the artificial intelligence (“AI”) needs of tomorrow. We are an advanced energy and hyperscaler development company purpose-built for the AI era. Our mission is to deliver up to 11 gigawatts (“GW”) of low-carbon, HyperRedundant™, and on-demand power directly to the world’s most compute-intensive businesses with 1.1 GW of power projected to be online by the end of 2026. We have entered into a long-term lease on a site large enough to simultaneously house the next three largest data center campuses by square footage currently in existence.