Insider Selling: Fermi (NASDAQ:FRMI) Insider Sells $1,823,481.20 in Stock

Fermi Inc. (NASDAQ:FRMI) insider Charles Lynn Hamilton sold 398,140 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $4.58, for a total value of $1,823,481.20. Following the completion of the sale, the insider directly owned 5,525,910 shares of the company’s stock, valued at approximately $25,308,667.80. This represents a 6.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Charles Lynn Hamilton also recently made the following trade(s):

• On Wednesday, April 8th, Charles Lynn Hamilton sold 375,950 shares of Fermi stock. The stock was sold at an average price of $4.91, for a total value of $1,845,914.50.

Fermi Stock Performance

FRMI stock opened at $4.87 on Monday. The stock’s fifty day simple moving average is $7.93. The firm has a market capitalization of $3.07 billion and a PE ratio of -5.80. Fermi Inc. has a 52-week low of $4.47 and a 52-week high of $36.99.

Analyst Ratings Changes

FRMI has been the subject of several recent analyst reports. Citizens Jmp initiated coverage on Fermi in a research note on Monday, February 9th. They set a “market outperform” rating and a $30.00 target price for the company. UBS Group cut their target price on Fermi from $30.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Fermi in a research note on Monday, March 23rd. Texas Capital raised Fermi to a “strong-buy” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen cut Fermi from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $26.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FRMI. ORG Wealth Partners LLC purchased a new position in shares of Fermi during the fourth quarter worth $151,000. Nisa Investment Advisors LLC purchased a new position in shares of Fermi during the fourth quarter worth $423,000. Prime Capital Investment Advisors LLC purchased a new position in shares of Fermi during the fourth quarter worth $84,000. Choreo LLC purchased a new position in shares of Fermi during the fourth quarter worth $98,000. Finally, Aspect Partners LLC purchased a new position in shares of Fermi during the fourth quarter worth $38,000.

More 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

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.