Fermi (NASDAQ:FRMI) COO Sells $1,981,405.95 in Stock

Fermi Inc. (NASDAQ:FRMI) COO Blanes Jacobo Ortiz sold 403,545 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $4.91, for a total transaction of $1,981,405.95. Following the transaction, the chief operating officer owned 5,896,455 shares in the company, valued at approximately $28,951,594.05. This trade represents a 6.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, April 9th, Blanes Jacobo Ortiz sold 427,363 shares of Fermi stock. The stock was sold at an average price of $4.58, for a total transaction of $1,957,322.54.

Fermi Stock Performance

Shares of FRMI opened at $4.87 on Monday. The business’s fifty day simple moving average is $7.93. Fermi Inc. has a 12 month low of $4.47 and a 12 month high of $36.99. The firm has a market cap of $3.07 billion and a price-to-earnings ratio of -5.80.

Institutional Trading of Fermi

A number of hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC bought a new stake in Fermi in the 4th quarter valued at $1,056,000. Invesco Ltd. bought a new stake in Fermi in the 4th quarter valued at $8,284,000. Axxcess Wealth Management LLC acquired a new position in shares of Fermi in the 4th quarter valued at $604,000. XTX Topco Ltd acquired a new position in shares of Fermi in the 4th quarter valued at $1,149,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Fermi in the 4th quarter valued at $1,079,000.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Citizens Jmp assumed coverage on shares of Fermi in a research note on Monday, February 9th. They set a “market outperform” rating and a $30.00 price target on the stock. UBS Group decreased their price objective on shares of Fermi from $30.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Citigroup assumed coverage on shares of Fermi in a report on Monday, February 9th. They set an “outperform” rating for the company. Cantor Fitzgerald assumed coverage on shares of Fermi in a report on Thursday. They set an “overweight” rating and a $8.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Fermi from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $26.89.

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.