Insider Selling: Fermi (NASDAQ:FRMI) CFO Sells $1,979,736.55 in Stock

Fermi Inc. (NASDAQ:FRMI – Get Free Report) CFO Miles Everson sold 403,205 shares of Fermi stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $4.91, for a total transaction of $1,979,736.55. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Fermi Stock Performance

Shares of FRMI opened at $4.87 on Monday. Fermi Inc. has a twelve month low of $4.47 and a twelve month high of $36.99. The firm has a 50 day moving average of $7.93. The company has a market capitalization of $3.07 billion and a price-to-earnings ratio of -5.80.

Hedge Funds Weigh In On Fermi

Institutional investors have recently added to or reduced their stakes in the company. Leonteq Securities AG acquired a new position in Fermi during the fourth quarter worth $30,000. PNC Financial Services Group Inc. acquired a new position in shares of Fermi in the fourth quarter valued at $36,000. Aspect Partners LLC acquired a new position in shares of Fermi in the fourth quarter valued at $38,000. SBI Securities Co. Ltd. acquired a new position in shares of Fermi in the fourth quarter valued at $41,000. Finally, MML Investors Services LLC acquired a new position in shares of Fermi in the fourth quarter valued at $81,000.

Analysts Set New Price Targets

A number of brokerages have weighed in on FRMI. Wall Street Zen lowered shares of Fermi from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fermi in a report on Monday, March 23rd. Citigroup started coverage on shares of Fermi in a report on Monday, February 9th. They issued an “outperform” rating on the stock. UBS Group lowered their price objective on shares of Fermi from $30.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Finally, Texas Capital upgraded shares of Fermi to a “strong-buy” rating in a report on Tuesday, January 20th. Three 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. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $26.89.

Check Out Our Latest Stock Report on Fermi

Key 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