Fermi (NASDAQ:FRMI) Stock: Insider Toby Neugebauer Sells 1,297,200 Shares

Fermi Inc. (NASDAQ:FRMI) major shareholder Toby Neugebauer sold 1,297,200 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $3.15, for a total transaction of $4,086,180.00. Following the transaction, the insider directly owned 43,359,176 shares of the company’s stock, valued at $136,581,404.40. This trade represents a 2.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fermi Trading Down 6.8%

Fermi stock opened at $3.16 on Friday. Fermi Inc. has a 52 week low of $3.00 and a 52 week high of $30.90. The stock has a 50 day moving average of $4.96 and a 200-day moving average of $5.95.

Fermi (NASDAQ:FRMI) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. During the same period last year, the business earned ($0.02) EPS. On average, analysts forecast that Fermi Inc. will post -0.33 earnings per share for the current year.

Trending Headlines about Fermi

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: MUFG loan amendment reduces near-term debt pressure. Fermi amended financing terms for Project Matador through two indirect subsidiaries, helping ease near-term debt obligations as it develops its 222-megawatt Texas power and AI data-center project. What’s Going On With Fermi Stock Friday?
• Positive Sentiment: AMD support continues to validate Project Matador. AMD’s credit support for Fermi’s Texas power lease could improve the project’s financing prospects and strengthen the company’s AI infrastructure growth story. AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
• Positive Sentiment: Cantor Fitzgerald retains an “overweight” rating. The firm lowered its price target from $12 to $8 but still sees significant potential upside, providing some analyst support despite a more cautious valuation.
• Neutral Sentiment: Investors are awaiting third-quarter results. Fermi is preparing to report earnings, with analysts forecasting a full-year loss of approximately $0.33 per share. The results and management’s commentary on liquidity, construction and lease execution could be important near-term catalysts.
• Negative Sentiment: Major shareholder sales are weighing on sentiment. Toby Neugebauer disclosed sales of 2.75 million shares on October 13 and 1.2972 million shares on October 14, worth approximately $10.3 million and $4.1 million, respectively. The transactions reduced his reported holdings by roughly 2.9% each and may signal caution or create additional selling pressure, although he remains a substantial shareholder. Insider Selling: Fermi Major Shareholder Sells Shares
• Negative Sentiment: Financing and execution risks remain. While the MUFG amendment and AMD support are constructive, Fermi still must secure funding and convert its planned power capacity and AI-cloud leases into operational, revenue-generating facilities.

Analyst Ratings Changes

Several research firms have recently weighed in on FRMI. Stifel Nicolaus reduced their price target on shares of Fermi from $29.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Weiss Ratings cut Fermi from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 14th. Cantor Fitzgerald dropped their price objective on shares of Fermi from $12.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Mizuho decreased their price objective on shares of Fermi from $27.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Fermi currently has an average rating of “Moderate Buy” and a consensus target price of $20.67.

Institutional Investors Weigh In On Fermi

Several large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Fermi during the 2nd quarter valued at $41,000. NewEdge Advisors LLC bought a new position in shares of Fermi in the first quarter worth $54,000. Farther Finance Advisors LLC boosted its stake in Fermi by 139.1% during the third quarter. Farther Finance Advisors LLC now owns 10,456 shares of the company’s stock valued at $44,000 after buying an additional 6,083 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Fermi during the 2nd quarter valued at about $104,000. Finally, Byrne Asset Management LLC purchased a new stake in Fermi in the second quarter valued at approximately $109,000.

Fermi Company Profile

Fermi Inc is an energy and infrastructure company focused on developing large-scale power generation and data center facilities. The company is pursuing an integrated model designed to provide reliable electricity for high-demand computing applications, including artificial intelligence and cloud infrastructure.

Its development activities center on the planned Fermi Nuclear Campus in the Texas Panhandle. The project is expected to combine nuclear power with other generation and energy technologies, potentially including natural gas, renewable energy and battery storage, alongside data center infrastructure.