Jeffrey Alan Hawkins Sells 23,707 Shares of Quantum-Si incorporated (NASDAQ:QSI) Stock

Quantum-Si incorporated (NASDAQ:QSI) CEO Jeffrey Alan Hawkins sold 23,707 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $1.39, for a total value of $32,952.73. Following the completion of the transaction, the chief executive officer now directly owns 2,646,716 shares of the company’s stock, valued at $3,678,935.24. This represents a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Quantum-Si Stock Performance

Quantum-Si stock opened at $1.41 on Wednesday. The firm has a market cap of $258.23 million, a price-to-earnings ratio of -2.20 and a beta of 2.75. Quantum-Si incorporated has a 52-week low of $0.61 and a 52-week high of $5.77. The firm has a 50 day moving average price of $1.77 and a two-hundred day moving average price of $1.49.

Wall Street Analysts Forecast Growth

QSI has been the topic of a number of research reports. Alliance Global Partners reissued a “buy” rating on shares of Quantum-Si in a report on Wednesday, March 5th. HC Wainwright reissued a “buy” rating and issued a $5.50 price objective on shares of Quantum-Si in a research note on Tuesday, January 14th. Finally, National Bankshares set a $3.65 target price on Quantum-Si in a research report on Wednesday, March 5th.

Institutional Investors Weigh In On Quantum-Si

Several large investors have recently modified their holdings of QSI. Rhumbline Advisers boosted its position in Quantum-Si by 3.7% during the fourth quarter. Rhumbline Advisers now owns 148,946 shares of the company’s stock valued at $402,000 after acquiring an additional 5,298 shares during the last quarter. SG Americas Securities LLC grew its stake in Quantum-Si by 12.4% during the fourth quarter. SG Americas Securities LLC now owns 67,588 shares of the company’s stock worth $182,000 after purchasing an additional 7,470 shares during the period. Mariner LLC grew its stake in Quantum-Si by 29.1% during the fourth quarter. Mariner LLC now owns 33,439 shares of the company’s stock worth $90,000 after purchasing an additional 7,540 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Quantum-Si by 29.4% in the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 33,902 shares of the company’s stock worth $92,000 after purchasing an additional 7,704 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Quantum-Si by 13.9% in the fourth quarter. Wells Fargo & Company MN now owns 71,980 shares of the company’s stock valued at $194,000 after buying an additional 8,802 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.