Hel Ved Capital Management Ltd acquired a new stake in Fermi Inc. (NASDAQ:FRMI – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 272,800 shares of the company’s stock, valued at approximately $2,182,000.
Several other large investors have also bought and sold shares of FRMI. M&G PLC acquired a new stake in shares of Fermi during the fourth quarter valued at about $14,443,000. Nuveen LLC acquired a new stake in shares of Fermi during the fourth quarter valued at about $11,067,000. Empire Life Investments Inc. acquired a new stake in shares of Fermi during the fourth quarter valued at about $5,611,000. Geode Capital Management LLC acquired a new stake in shares of Fermi during the fourth quarter valued at about $5,491,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Fermi during the fourth quarter valued at about $4,723,000.
Fermi Price Performance
Shares of FRMI opened at $7.14 on Friday. Fermi Inc. has a 1 year low of $4.47 and a 1 year high of $36.99. The company has a market capitalization of $4.55 billion and a price-to-earnings ratio of -6.26. The business has a 50-day moving average of $5.83 and a 200-day moving average of $8.35.
Insider Activity at Fermi
In other Fermi news, insider Mesut Uzman sold 79,509 shares of Fermi stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $6.31, for a total value of $501,701.79. Following the completion of the sale, the insider directly owned 670,491 shares in the company, valued at approximately $4,230,798.21. The trade was a 10.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Griffin Perry sold 9,000,000 shares of Fermi stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $5.02, for a total value of $45,180,000.00. Following the completion of the sale, the insider owned 62,946,450 shares of the company’s stock, valued at approximately $315,991,179. The trade was a 12.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,593,748 shares of company stock valued at $68,803,933 over the last ninety days.
Wall Street Analyst Weigh In
A number of analysts have recently commented on FRMI shares. Cantor Fitzgerald started coverage on Fermi in a research note on Thursday, April 9th. They set an “overweight” rating and a $8.00 price target on the stock. Wall Street Zen lowered Fermi from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of Fermi in a research note on Monday, March 23rd. UBS Group lowered Fermi from a “buy” rating to a “neutral” rating and set a $6.00 price target on the stock. in a research note on Tuesday, May 5th. Finally, Evercore lowered Fermi from an “outperform” rating to an “in-line” rating and set a $11.00 price target on the stock. in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Fermi has a consensus rating of “Moderate Buy” and a consensus target price of $23.78.
Check Out Our Latest Stock Analysis on FRMI
Fermi 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.
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