Insider Selling: Fermi (NASDAQ:FRMI) CFO Sells $1,955,678.32 in Stock

Fermi Inc. (NASDAQ:FRMI) CFO Miles Everson sold 427,004 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $4.58, for a total value of $1,955,678.32. Following the completion of the sale, the chief financial officer directly owned 9,969,791 shares of the company’s stock, valued at approximately $45,661,642.78. This represents a 4.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Fermi Stock Performance

Shares of FRMI opened at $4.87 on Monday. The stock has a market capitalization of $3.07 billion and a price-to-earnings ratio of -5.80. The stock has a 50 day moving average price of $7.93. Fermi Inc. has a 1 year low of $4.47 and a 1 year high of $36.99.

Key Stories Impacting Fermi

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Texas Capital raised Fermi to a “strong-buy” rating in a research note on Tuesday, January 20th. Cantor Fitzgerald assumed coverage on Fermi in a research note on Thursday. They issued an “overweight” rating and a $8.00 target price for the company. Citigroup assumed coverage on Fermi in a research note on Monday, February 9th. They issued an “outperform” rating for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fermi in a research report on Monday, March 23rd. Finally, Wall Street Zen downgraded Fermi from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $26.89.

Hedge Funds Weigh In On Fermi

Hedge funds and other institutional investors have recently made changes to their positions in the business. Leonteq Securities AG bought a new position in shares of Fermi during the fourth quarter valued at approximately $30,000. PNC Financial Services Group Inc. bought a new position in shares of Fermi during the fourth quarter valued at approximately $36,000. Aspect Partners LLC bought a new position in shares of Fermi during the fourth quarter valued at approximately $38,000. SBI Securities Co. Ltd. bought a new position in shares of Fermi during the fourth quarter valued at approximately $41,000. Finally, MML Investors Services LLC bought a new position in shares of Fermi during the fourth quarter valued at approximately $81,000.

About Fermi

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.