Insider Selling: Fermi (NASDAQ:FRMI) Insider Sells 398,140 Shares of Stock

Key Points

• Charles Lynn Hamilton sold 398,140 shares on April 9 at an average price of $4.58 for proceeds of $1.82M, reducing his stake by 6.72 to 5,525,910 shares; he also sold 375,950 shares on April 8 at $4.91.
• Multiple other insiders (including the CFO and COO) sold large blocks on April 8–9—each roughly 375k–427k shares—an action that may create near‑term selling pressure or reflect portfolio rebalancing.
• Market and analyst context: FRMI traded near $4.87 with a $3.07B market cap and negative P/E, while consensus analyst coverage is a "Buy" with an average target of $26.89, far above the current price.

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

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 Trading Up 1.0%

NASDAQ:FRMI traded up $0.05 during trading hours on Friday, reaching $4.87. 7,877,591 shares of the stock were exchanged, compared to its average volume of 12,029,257. Fermi Inc. has a twelve month low of $4.47 and a twelve month high of $36.99. The company's 50 day simple moving average is $7.93. The stock has a market capitalization of $3.07 billion and a PE ratio of -5.80.

Analyst Ratings Changes

A number of equities analysts have weighed in on FRMI shares. Citigroup started coverage on Fermi in a research report on Monday, February 9th. They set an "outperform" rating for the company. Wall Street Zen downgraded Fermi from a "hold" rating to a "sell" rating in a research report on Saturday, March 28th. Cantor Fitzgerald initiated coverage on Fermi in a research report on Thursday. They set an "overweight" rating and a $8.00 price target for the company. Weiss Ratings reissued a "sell (e+)" rating on shares of Fermi in a report on Monday, March 23rd. Finally, Citizens Jmp started coverage on Fermi in a report on Monday, February 9th. They issued a "market outperform" rating and a $30.00 price objective for the company. Three research 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $26.89.

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

Institutional Investors Weigh In On Fermi

Several large investors have recently made changes to their positions in FRMI. Leonteq Securities AG acquired a new stake in shares of Fermi in the 4th quarter valued at approximately $30,000. PNC Financial Services Group Inc. acquired a new stake in shares of Fermi in the 4th quarter valued at approximately $36,000. Aspect Partners LLC acquired a new stake in shares of Fermi in the 4th quarter valued at approximately $38,000. SBI Securities Co. Ltd. acquired a new stake in shares of Fermi in the 4th quarter valued at approximately $41,000. Finally, MML Investors Services LLC acquired a new stake in shares of Fermi in the 4th quarter valued at approximately $81,000.

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.

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