Fermi (NASDAQ:FRMI) Major Shareholder Griffin Perry Sells 2,000,000 Shares of Stock

Fermi Inc. (NASDAQ:FRMI - Get Free Report) major shareholder Griffin Perry sold 2,000,000 shares of the business's stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $5.54, for a total transaction of $11,080,000.00. Following the completion of the transaction, the insider owned 60,946,450 shares in the company, valued at approximately $337,643,333. The trade was a 3.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Griffin Perry also recently made the following trade(s):

• On Monday, March 30th, Griffin Perry sold 9,000,000 shares of Fermi stock. The stock was sold at an average price of $5.02, for a total value of $45,180,000.00.

Fermi Price Performance

Shares of NASDAQ:FRMI opened at $5.36 on Friday. Fermi Inc. has a 1 year low of $4.63 and a 1 year high of $36.99. The company has a 50-day simple moving average of $8.48. The firm has a market cap of $3.38 billion and a P/E ratio of -6.38.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FRMI shares. Wall Street Zen downgraded shares of Fermi from a "hold" rating to a "sell" rating in a research report on Saturday, March 28th. Citizens Jmp started coverage on shares of Fermi in a research note on Monday, February 9th. They set a "market outperform" rating and a $30.00 target price on the stock. Texas Capital upgraded shares of Fermi to a "strong-buy" rating in a report on Tuesday, January 20th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Fermi in a research note on Monday, March 23rd. Finally, Citigroup began coverage on shares of Fermi in a report on Monday, February 9th. They set an "outperform" rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $29.00.

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Check Out Our Latest Analysis on FRMI

Hedge Funds Weigh In On Fermi

A number of large investors have recently modified their holdings of the company. Hsbc Holdings PLC acquired a new stake in Fermi in the 4th quarter valued at $1,056,000. Invesco Ltd. acquired a new position in Fermi during the fourth quarter worth $8,284,000. Axxcess Wealth Management LLC acquired a new position in Fermi during the fourth quarter worth $604,000. XTX Topco Ltd bought a new position in shares of Fermi in the fourth quarter valued at $1,149,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Fermi during the fourth quarter valued at about $1,079,000.

Fermi News Summary

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: Fermi America secured a $156.25M committed financing facility from Yorkville Advisors, bringing total committed financing above $1B and supporting Project Matador’s private grid development. Fermi America Secures $156.25 Million Committed Financing Facility from Yorkville Advisors
• Positive Sentiment: Fermi America also arranged a ~$165M equipment financing facility to accelerate delivery of six gas turbines for 2028 — this improves execution visibility for the company’s power‑infrastructure timeline. Fermi America secures $165 million equipment financing facility, accelerating delivery of 6 gas turbines for 2028
• Neutral Sentiment: Q4 2025 earnings call materials and transcripts are available; coverage highlights operational progress in Fermi America but investors should review the transcript for specifics on margins, timing and cash flow. Fermi Inc. Common Stock Q4 2025 Earnings Call Summary
• Negative Sentiment: Major shareholder Griffin Perry sold a total of 11,000,000 FRMI shares across March 30–31 (9M at ~$5.02 and 2M at ~$5.54), raising roughly $56.26M and reducing his stake materially; the transactions were disclosed in an SEC filing and can pressure the stock given the volume and size. SEC Filing — Insider Sales
• Negative Sentiment: UBS cut its price target on FRMI from $30 to $8 while keeping a Buy rating — the steep reduction signals lower near‑term expectations from a major analyst despite the Buy stance. UBS lowers price target on Fermi

Fermi Company Profile

(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.

See Also

• Five stocks we like better than Fermi

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