Fermi (NASDAQ:FRMI) Insider Sells $1,845,914.50 in Stock
by Teresa Graham · The Cerbat GemFermi Inc. (NASDAQ:FRMI – Get Free Report) insider Charles Lynn Hamilton sold 375,950 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $4.91, for a total transaction of $1,845,914.50. Following the completion of the transaction, the insider owned 5,924,050 shares of the company’s stock, valued at $29,087,085.50. This trade represents a 5.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Charles Lynn Hamilton also recently made the following trade(s):
- On Thursday, April 9th, Charles Lynn Hamilton sold 398,140 shares of Fermi stock. The shares were sold at an average price of $4.58, for a total transaction of $1,823,481.20.
Fermi Price Performance
Shares of FRMI stock traded up $0.05 on Friday, hitting $4.87. The stock had a trading volume of 7,877,591 shares, compared to its average volume of 12,029,257. The stock has a market capitalization of $3.07 billion and a price-to-earnings ratio of -5.80. The business has a 50 day simple moving average of $7.93. Fermi Inc. has a 52-week low of $4.47 and a 52-week high of $36.99.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Fermi in a report on Thursday. They issued an “overweight” rating and a $8.00 price target on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fermi in a report on Monday, March 23rd. Texas Capital raised shares of Fermi to a “strong-buy” rating in a report on Tuesday, January 20th. Citizens Jmp assumed coverage on shares of Fermi in a report on Monday, February 9th. They issued a “market outperform” rating and a $30.00 price target on the stock. Finally, Citigroup assumed coverage on shares of Fermi in a report on Monday, February 9th. They issued an “outperform” rating on the stock. Three equities 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $26.89.
Read Our Latest Report on FRMI
Institutional Trading of Fermi
A number of institutional investors and hedge funds have recently modified their holdings of FRMI. Leonteq Securities AG acquired a new stake in shares of Fermi during the fourth quarter worth $30,000. PNC Financial Services Group Inc. acquired a new stake in shares of Fermi during the fourth quarter worth $36,000. Aspect Partners LLC acquired a new stake in shares of Fermi during the fourth quarter worth $38,000. SBI Securities Co. Ltd. acquired a new stake in shares of Fermi during the fourth quarter worth $41,000. Finally, MML Investors Services LLC acquired a new stake in shares of Fermi during the fourth quarter worth $81,000.
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
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.