Quantum-Si (NASDAQ:QSI) Shares Up 0.6% – Here’s What Happened

Quantum-Si incorporated (NASDAQ:QSI) traded up 0.6% on Friday . The company traded as high as $2.47 and last traded at $2.43. 6,955,087 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 47,458,070 shares. The stock had previously closed at $2.41.

Analyst Ratings Changes

Several brokerages recently issued reports on QSI. Canaccord Genuity Group cut their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. HC Wainwright reaffirmed a “buy” rating and set a $5.50 price target on shares of Quantum-Si in a research note on Tuesday, January 14th.

Quantum-Si Stock Down 4.6 %

The company has a market capitalization of $328.23 million, a P/E ratio of -3.59 and a beta of 2.74. The company’s 50-day simple moving average is $1.99 and its 200 day simple moving average is $1.29.

Insider Buying and Selling

In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the sale, the director now directly owns 1,250,000 shares in the company, valued at approximately $4,175,000. The trade was a 73.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 30.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QSI. Barclays PLC boosted its holdings in Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after acquiring an additional 133,438 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Quantum-Si by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock worth $2,044,000 after buying an additional 145,091 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Quantum-Si in the third quarter valued at approximately $53,000. XTX Topco Ltd grew its stake in shares of Quantum-Si by 81.3% in the third quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock worth $39,000 after acquiring an additional 19,651 shares during the last quarter. Finally, Green Alpha Advisors LLC increased its position in Quantum-Si by 35.4% during the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after acquiring an additional 45,796 shares during the period. 39.90% of the stock is currently owned by institutional investors and hedge funds.

Quantum-Si Company Profile

Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.