Jeffry R. Keyes Sells 8,626 Shares of Quantum-Si incorporated (NASDAQ:QSI) Stock

Quantum-Si incorporated (NASDAQ:QSI) CFO Jeffry R. Keyes sold 8,626 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 $11,990.14. Following the completion of the sale, the chief financial officer now owns 1,188,194 shares in the company, valued at approximately $1,651,589.66. This represents a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Quantum-Si Price Performance

QSI stock opened at $1.41 on Wednesday. The business has a fifty day moving average price of $1.77 and a 200 day moving average price of $1.49. Quantum-Si incorporated has a fifty-two week low of $0.61 and a fifty-two week high of $5.77. The stock has a market capitalization of $258.23 million, a price-to-earnings ratio of -2.20 and a beta of 2.75.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Alliance Global Partners reiterated a “buy” rating on shares of Quantum-Si in a research report on Wednesday, March 5th. HC Wainwright reaffirmed a “buy” rating and issued a $5.50 target price on shares of Quantum-Si in a report on Tuesday, January 14th. Finally, National Bankshares set a $3.65 target price on shares of Quantum-Si in a research report on Wednesday, March 5th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in shares of Quantum-Si by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,368,376 shares of the company’s stock worth $6,395,000 after acquiring an additional 51,455 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Quantum-Si by 5.0% in the fourth quarter. Northern Trust Corp now owns 841,146 shares of the company’s stock valued at $2,271,000 after purchasing an additional 40,026 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Quantum-Si by 1,211.4% in the fourth quarter. Renaissance Technologies LLC now owns 544,956 shares of the company’s stock valued at $1,471,000 after purchasing an additional 503,400 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Quantum-Si by 32.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 308,021 shares of the company’s stock worth $832,000 after purchasing an additional 75,661 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Quantum-Si by 21.3% during the 4th quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company’s stock worth $728,000 after buying an additional 47,400 shares in the last quarter. Institutional investors and hedge funds own 39.90% of the company’s stock.

About Quantum-Si

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.