Fermi (FRMI) 10% Owner Neugebauer Toby R Sells $4.1M of Stock
A major shareholder of Fermi Inc. sold a significant portion of his stake as shares remain near yearly lows.
Reviewed by automated data checks against the source filing. How we make and check alerts
Neugebauer Toby R, 10% Owner at Fermi Inc. ($FRMI), sold 1,297,200 shares at an average price of $3.15, worth about $4.09 million, on October 14, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $FRMI is up 0.0% to date (from the $3.16 close on Oct 14, 2026).
FRMI
Fermi Inc.
Key Points
- Toby R. Neugebauer sold 1,297,200 shares of Fermi Inc. for about $4.09 million on October 14, 2026.
- Fermi Inc. shares recently traded around $3.37, significantly below their 50-day moving average of $5.04 and 200-day average of $6.81.
- The company has a market cap of about $2.03 billion and is set to report earnings on November 12, 2026.
Get $FRMI trade alerts by text
We text you when insiders, Congress or big funds trade $FRMI. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Fermi Inc. alert may contain errors. Disclosures
Toby R. Neugebauer, a 10% owner of Fermi Inc. (NasdaqGS: FRMI), sold 1,297,200 shares on October 14, 2026, for about $4.09 million. This transaction comes as Fermi's stock trades lower than its moving averages, reflecting a challenging market position.
Neugebauer's sale involved shares priced at $3.15. His stake has now decreased significantly, as the stock is currently trading around $3.37, which is about 33.1% below its 50-day moving average of $5.04 and 50.5% below its 200-day average of $6.81.
Other Institutional Activity in Fermi Inc.
Several other funds have been active in Fermi Inc. as well. Srs Investment Management, LLC holds 20,205,579 shares worth about $63.8 million, having increased its stake by 10,102,790 shares. Citadel Advisors LLC owns 8,587,055 shares valued at approximately $27.1 million, after adding 2,365,453 shares. Point72 Asset Management, L.P. also grew its holdings by 5,790,505 shares, totaling 7,036,123 shares worth about $22.2 million. Shaw D.E. & Co., Inc. has 5,418,891 shares valued at about $17.1 million, increasing its position by 4,590,530 shares. Lastly, Millennium Management LLC holds 4,303,619 shares worth about $13.6 million, with an increase of 4,244,460 shares.
Fermi Inc. Stock Down 0.7%
Fermi Inc. shares are currently trading around $3.37, which is significantly below their 52-week high of $30.90 and only slightly above the 52-week low of $3.00. The stock's recent performance shows it is about 80.3% below the mean price target of $17.13 set by analysts, which indicates a lack of confidence in the stock's near-term outlook.
Recent Earnings
Fermi Inc. reported a trailing twelve-month EPS of -$1.27, reflecting a challenging financial environment. The company is expected to announce its next earnings on November 12, 2026.
Insider Buying and Selling at Fermi Inc.
In addition to Neugebauer's sale, other insiders have also sold shares recently. Chief Financial Officer Miles E. Everson sold 830,209 shares on April 9, 2026, while Officer Mesut Uzman sold 158,541 shares on June 3, 2026, and Director James Richard Perry sold 863,637 shares on June 30, 2026. These transactions show a trend of insider selling amid the company's current stock performance.
Analysts Set New Price Targets
On October 14, 2026, Macquarie maintained its Outperform rating on Fermi Inc., setting a price target of $15. This follows previous target adjustments from Stifel and Mizuho, who both cut their targets significantly earlier in the year. The consensus recommendation for Fermi Inc. remains a Buy, with a mean target price of $17.13 based on eight analyst opinions.
About Fermi Inc.
Fermi Inc. is involved in developing advanced private electric grids to support next-generation intelligence and AI computing. The company aims to deliver reliable power at a gigawatt scale, utilizing cutting-edge technology to maintain energy dominance in the U.S. This recent insider sale comes as the company navigates a challenging market landscape.
Bottom Line
Investors should keep an eye on Fermi Inc.'s upcoming earnings report on November 12, 2026, and monitor any further insider transactions. The recent share performance and insider selling may signal important trends for the company's future.
Related Filing Alerts
Source: Neugebauer Toby R's Form 4 filing on $FRMI (Oct 14, 2026). Find the original filing: FRMI Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts