Fermi (NASDAQ:FRMI) Major Shareholder Griffin Perry Sells 2,000,000 Shares of Stock

Fermi Inc. (NASDAQ:FRMI) major shareholder Griffin Perry sold 2,000,000 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $5.54, for a total value of $11,080,000.00. Following the sale, the insider owned 60,946,450 shares of the company’s stock, valued at approximately $337,643,333. This represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Griffin Perry also recently made the following trade(s):

• On Monday, March 30th, Griffin Perry sold 9,000,000 shares of Fermi stock. The shares were sold at an average price of $5.02, for a total value of $45,180,000.00.

Fermi Stock Performance

Fermi stock opened at $5.36 on Friday. The company has a market capitalization of $3.38 billion and a PE ratio of -6.38. Fermi Inc. has a 12-month low of $4.63 and a 12-month high of $36.99. The company has a 50-day simple moving average of $8.48.

Trending Headlines about Fermi

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: Fermi America secured a $156.25M committed financing facility from Yorkville Advisors, bringing total committed financing above $1B and supporting Project Matador’s private grid development. Fermi America Secures $156.25 Million Committed Financing Facility from Yorkville Advisors
• Positive Sentiment: Fermi America also arranged a ~$165M equipment financing facility to accelerate delivery of six gas turbines for 2028 — this improves execution visibility for the company’s power‑infrastructure timeline. Fermi America secures $165 million equipment financing facility, accelerating delivery of 6 gas turbines for 2028
• Neutral Sentiment: Q4 2025 earnings call materials and transcripts are available; coverage highlights operational progress in Fermi America but investors should review the transcript for specifics on margins, timing and cash flow. Fermi Inc. Common Stock Q4 2025 Earnings Call Summary
• Negative Sentiment: Major shareholder Griffin Perry sold a total of 11,000,000 FRMI shares across March 30–31 (9M at ~$5.02 and 2M at ~$5.54), raising roughly $56.26M and reducing his stake materially; the transactions were disclosed in an SEC filing and can pressure the stock given the volume and size. SEC Filing — Insider Sales
• Negative Sentiment: UBS cut its price target on FRMI from $30 to $8 while keeping a Buy rating — the steep reduction signals lower near‑term expectations from a major analyst despite the Buy stance. UBS lowers price target on Fermi

Hedge Funds Weigh In On Fermi

A number of hedge funds have recently made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new position in shares of Fermi in the fourth quarter worth approximately $151,000. Nisa Investment Advisors LLC acquired a new stake in Fermi during the 4th quarter valued at approximately $423,000. Prime Capital Investment Advisors LLC bought a new position in Fermi during the 4th quarter worth approximately $84,000. Choreo LLC acquired a new position in shares of Fermi in the 4th quarter worth approximately $98,000. Finally, Aspect Partners LLC acquired a new position in shares of Fermi in the 4th quarter worth approximately $38,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fermi in a research report on Monday, March 23rd. Wall Street Zen cut shares of Fermi from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Citizens Jmp started coverage on shares of Fermi in a report on Monday, February 9th. They set a “market outperform” rating and a $30.00 price target for the company. Citigroup assumed coverage on Fermi in a research note on Monday, February 9th. They issued an “outperform” rating for the company. 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 report on Wednesday. Three 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 company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $29.00.

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.