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

Key Points

• CFO Miles Everson sold 427,004 shares on April 9 at an average of $4.58 for proceeds of $1,955,678.32, leaving him with 9,969,791 shares (a ~4.11% reduction).
• Multiple insiders—including the COO and another executive—also sold roughly 375k–427k shares on April 8–9, a pattern that could indicate near‑term selling pressure or portfolio rebalancing.
• FRMI trades near $4.87 with a $3.07 billion market cap and a negative P/E; analysts are mixed but the consensus is a Buy with a $26.89 average target, while recent broker notes range from Cantor Fitzgerald’s "overweight" to UBS cutting its price target to $8.

Fermi Inc. (NASDAQ:FRMI - Get Free Report) CFO Miles Everson sold 427,004 shares of Fermi stock in a transaction dated 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 transaction, the chief financial officer 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Fermi Stock Performance

FRMI traded up $0.05 on Friday, hitting $4.87. The company had a trading volume of 7,877,591 shares, compared to its average volume of 12,029,257. The firm 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. The company's fifty day moving average is $7.93.

Trending Headlines about 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

Hedge Funds Weigh In On Fermi

Institutional investors and hedge funds have recently bought and sold shares of the company. Leonteq Securities AG purchased a new position in Fermi in the fourth quarter worth $30,000. PNC Financial Services Group Inc. purchased a new position in Fermi in the fourth quarter worth $36,000. Aspect Partners LLC purchased a new position in Fermi in the fourth quarter worth $38,000. SBI Securities Co. Ltd. purchased a new position in Fermi in the fourth quarter worth $41,000. Finally, MML Investors Services LLC purchased a new position in Fermi in the fourth quarter worth $81,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FRMI shares. Texas Capital raised shares of Fermi to a "strong-buy" rating in a research note on Tuesday, January 20th. Wall Street Zen downgraded 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 research note on Monday, February 9th. They issued a "market outperform" rating and a $30.00 price objective for the company. Citigroup started coverage on shares of 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 shares of Fermi from $30.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, April 1st. Three 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 assigned a Sell rating to the company. According to MarketBeat.com, Fermi presently has an average rating of "Buy" and a consensus price target of $26.89.

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.

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