281,827 Shares in Fermi Inc. $FRMI Acquired by SIR Capital Management L.P.

SIR Capital Management L.P. bought a new position in shares of Fermi Inc. (NASDAQ:FRMI) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 281,827 shares of the company’s stock, valued at approximately $2,255,000.

Other large investors have also recently added to or reduced their stakes in the company. Leonteq Securities AG purchased a new stake in Fermi during the 4th quarter worth approximately $30,000. PNC Financial Services Group Inc. purchased a new stake in Fermi during the 4th quarter worth approximately $36,000. Aspect Partners LLC purchased a new stake in shares of Fermi in the 4th quarter valued at approximately $38,000. SBI Securities Co. Ltd. acquired a new stake in shares of Fermi in the 4th quarter valued at $41,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of Fermi in the 4th quarter valued at $84,000.

Fermi Trading Up 2.7%

Shares of FRMI opened at $7.14 on Friday. Fermi Inc. has a twelve month low of $4.47 and a twelve month high of $36.99. The firm’s fifty day simple moving average is $5.83 and its 200-day simple moving average is $8.35. The firm has a market capitalization of $4.55 billion and a price-to-earnings ratio of -6.26.

Fermi (NASDAQ:FRMI) last posted its earnings results on Thursday, May 14th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.25). On average, analysts predict that Fermi Inc. will post 0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FRMI shares. Evercore lowered shares of Fermi from an “outperform” rating to an “in-line” rating and set a $11.00 price objective on the stock. in a report on Friday, May 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Fermi in a report on Monday, March 23rd. Cantor Fitzgerald started coverage on shares of Fermi in a report on Thursday, April 9th. They issued an “overweight” rating and a $8.00 price objective on the stock. Wall Street Zen lowered shares of Fermi from a “hold” rating to a “sell” rating in a report on Sunday, May 10th. Finally, UBS Group lowered shares of Fermi from a “buy” rating to a “neutral” rating and set a $6.00 price objective on the stock. in a report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fermi currently has a consensus rating of “Moderate Buy” and an average price target of $23.78.

Insider Transactions at Fermi

In related news, insider Charles Lynn Hamilton sold 398,140 shares of the stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $4.58, for a total value of $1,823,481.20. Following the transaction, the insider directly owned 5,525,910 shares of the company’s stock, valued at $25,308,667.80. This trade represents a 6.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Blanes Jacobo Ortiz sold 427,363 shares of the stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $4.58, for a total transaction of $1,957,322.54. Following the completion of the transaction, the chief operating officer directly owned 5,469,092 shares in the company, valued at $25,048,441.36. This trade represents a 7.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 13,593,748 shares of company stock worth $68,803,933.

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.