Fermi (NASDAQ:FRMI) COO Sells $1,957,322.54 in Stock

by · The Markets Daily

Fermi Inc. (NASDAQ:FRMI – Get Free Report) COO Blanes Jacobo Ortiz sold 427,363 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $4.58, for a total value of $1,957,322.54. Following the completion of the transaction, the chief operating officer owned 5,469,092 shares of the company’s stock, valued at approximately $25,048,441.36. This represents a 7.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Blanes Jacobo Ortiz also recently made the following trade(s):

  • On Wednesday, April 8th, Blanes Jacobo Ortiz sold 403,545 shares of Fermi stock. The stock was sold at an average price of $4.91, for a total value of $1,981,405.95.

Fermi Trading Up 1.0%

Shares of NASDAQ:FRMI traded up $0.05 during trading on Friday, hitting $4.87. 7,877,591 shares of the company were exchanged, compared to its average volume of 12,029,257. The stock has a market capitalization of $3.07 billion and a PE ratio of -5.80. Fermi Inc. has a fifty-two week low of $4.47 and a fifty-two week high of $36.99. The firm has a fifty day simple moving average of $7.93.

Fermi News Roundup

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

Analyst Ratings Changes

FRMI has been the topic of several recent analyst reports. UBS Group lowered their price target on 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 initiated coverage on Fermi in a research report on Monday, February 9th. They set a “market outperform” rating and a $30.00 price target on the stock. Texas Capital raised Fermi to a “strong-buy” rating in a research report on Tuesday, January 20th. Wall Street Zen lowered Fermi from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Finally, Cantor Fitzgerald started coverage on Fermi in a report on Thursday. They set an “overweight” rating and a $8.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $26.89.

Get Our Latest Stock Report on FRMI

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC acquired a new position in shares of Fermi during the 4th quarter worth approximately $1,056,000. Invesco Ltd. acquired a new position in shares of Fermi during the 4th quarter worth approximately $8,284,000. Axxcess Wealth Management LLC acquired a new position in shares of Fermi during the 4th quarter worth approximately $604,000. XTX Topco Ltd acquired a new position in shares of Fermi during the 4th quarter worth approximately $1,149,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Fermi during the 4th quarter worth approximately $1,079,000.

About Fermi

(Get Free Report)

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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