Insider Selling: Fermi (NASDAQ:FRMI) Insider Sells $1,845,914.50 in Stock

Fermi Inc. (NASDAQ:FRMI) insider Charles Lynn Hamilton sold 375,950 shares of Fermi stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $4.91, for a total value of $1,845,914.50. Following the sale, the insider directly owned 5,924,050 shares in the company, valued at $29,087,085.50. This trade represents a 5.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, April 9th, Charles Lynn Hamilton sold 398,140 shares of Fermi stock. The shares were sold at an average price of $4.58, for a total value of $1,823,481.20.

Fermi Price Performance

Shares of FRMI opened at $4.87 on Monday. The company’s 50 day simple moving average is $7.93. The company has a market cap of $3.07 billion and a P/E ratio of -5.80. Fermi Inc. has a 12-month low of $4.47 and a 12-month 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

Analysts Set New Price Targets

A number of research firms have issued reports on FRMI. Texas Capital raised Fermi to a “strong-buy” rating in a research note on Tuesday, January 20th. Citizens Jmp began coverage on Fermi in a research note on Monday, February 9th. They issued a “market outperform” rating and a $30.00 price objective on the stock. Wall Street Zen downgraded Fermi from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Cantor Fitzgerald began coverage on Fermi in a research note on Thursday. They issued an “overweight” rating and a $8.00 price objective on the stock. Finally, UBS Group reduced their price objective on Fermi from $30.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Fermi has a consensus rating of “Buy” and a consensus target price of $26.89.

Hedge Funds Weigh In On Fermi

Large investors have recently bought and sold shares of the business. Axxcess Wealth Management LLC purchased a new position in Fermi during the 4th quarter valued at $604,000. ANTIPODES PARTNERS Ltd bought a new stake in Fermi during the 4th quarter valued at $465,000. Empire Life Investments Inc. bought a new stake in Fermi during the 4th quarter valued at $5,611,000. SBI Securities Co. Ltd. bought a new stake in Fermi during the 4th quarter valued at $41,000. Finally, WJ Financial Advisors LLC bought a new stake in Fermi during the 4th quarter valued at $167,000.

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.