Fermi (NASDAQ:FRMI) Major Shareholder Griffin Perry Sells 9,000,000 Shares

Fermi Inc. (NASDAQ:FRMI) major shareholder Griffin Perry sold 9,000,000 shares of the firm’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $5.02, for a total transaction of $45,180,000.00. Following the completion of the transaction, the insider directly owned 62,946,450 shares in the company, valued at approximately $315,991,179. The trade was a 12.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% 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 Tuesday, March 31st, Griffin Perry sold 2,000,000 shares of Fermi stock. The stock was sold at an average price of $5.54, for a total value of $11,080,000.00.

Fermi Trading Down 0.2%

Shares of Fermi stock opened at $5.36 on Friday. The stock has a market capitalization of $3.38 billion and a P/E ratio of -6.38. Fermi Inc. has a 52 week low of $4.63 and a 52 week high of $36.99. The business has a 50 day moving average of $8.48.

Institutional Trading of Fermi

Hedge funds have recently bought and sold shares of the business. Leonteq Securities AG bought a new position in Fermi in the 4th quarter valued at $30,000. PNC Financial Services Group Inc. bought a new stake in shares of Fermi during the 4th quarter worth $36,000. Aspect Partners LLC purchased a new position in shares of Fermi in the 4th quarter worth about $38,000. SBI Securities Co. Ltd. bought a new position in Fermi during the fourth quarter valued at about $41,000. Finally, MML Investors Services LLC bought a new position in Fermi during the fourth quarter valued at about $81,000.

More Fermi News

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group lowered their price target on Fermi from $30.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday. Citizens Jmp started coverage on shares of Fermi in a research note on Monday, February 9th. They issued a “market outperform” rating and a $30.00 target price for the company. Wall Street Zen downgraded shares of Fermi from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Fermi in a research report on Monday, March 23rd. Finally, Citigroup began coverage on shares of Fermi in a report on Monday, February 9th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $29.00.

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.