Miles Everson Sells 403,205 Shares of Fermi (NASDAQ:FRMI) Stock

Key Points

• CFO Miles Everson sold 403,205 shares of Fermi (NASDAQ:FRMI) on April 8 at an average price of $4.91, netting about $1.98 million and reducing his stake by 3.73% to 10,396,795 shares (SEC filing).
• Other insiders, including the COO and another executive, executed similar large sales (roughly 375k–427k shares each) on April 8–9, a move that may create near‑term selling pressure or reflect portfolio rebalancing.
• Fermi trades around $4.87 with a 12‑month range of $4.47–$36.99 and a market cap of about $3.07B; analysts show a consensus "Buy" and an average target of $26.89, though some firms (e.g., UBS) have recently cut targets sharply.

Fermi Inc. (NASDAQ:FRMI - Get Free Report) CFO Miles Everson sold 403,205 shares of the firm's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $4.91, for a total value of $1,979,736.55. Following the completion of the sale, the chief financial officer directly owned 10,396,795 shares in the company, valued at approximately $51,048,263.45. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Fermi Stock Performance

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on FRMI. Citigroup began coverage on shares of Fermi in a research report on Monday, February 9th. They issued an "outperform" rating on the stock. Texas Capital raised shares of Fermi to a "strong-buy" rating in a research report on Tuesday, January 20th. UBS Group decreased their target price on shares of Fermi from $30.00 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Citizens Jmp began coverage on shares of Fermi in a research report on Monday, February 9th. They issued a "market outperform" rating and a $30.00 target price on the stock. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Fermi in a research report on Monday, March 23rd. Three equities research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $26.89.

More Fermi News

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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FRMI. ORG Wealth Partners LLC acquired a new position in Fermi during the fourth quarter valued at approximately $151,000. Nisa Investment Advisors LLC acquired a new position in Fermi during the fourth quarter valued at approximately $423,000. Prime Capital Investment Advisors LLC acquired a new position in Fermi during the fourth quarter valued at approximately $84,000. Choreo LLC acquired a new position in Fermi during the fourth quarter valued at approximately $98,000. Finally, Aspect Partners LLC acquired a new position in Fermi during the fourth quarter valued at approximately $38,000.

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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