ARK Investment Management LLC Has $31.19 Million Position in Quantum-Si incorporated (NASDAQ:QSI)

ARK Investment Management LLC grew its stake in shares of Quantum-Si incorporated (NASDAQ:QSI) by 7.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 15,519,322 shares of the company’s stock after buying an additional 1,071,105 shares during the period. ARK Investment Management LLC owned approximately 0.11% of Quantum-Si worth $31,194,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Quantum-Si by 31.3% during the first quarter. JPMorgan Chase & Co. now owns 14,170 shares of the company’s stock valued at $67,000 after buying an additional 3,379 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Quantum-Si by 35.8% during the second quarter. Principal Financial Group Inc. now owns 17,926 shares of the company’s stock valued at $42,000 after buying an additional 4,730 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Quantum-Si by 1.4% during the third quarter. Nuveen Asset Management LLC now owns 365,401 shares of the company’s stock valued at $1,005,000 after buying an additional 5,045 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Quantum-Si by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 238,228 shares of the company’s stock worth $436,000 after purchasing an additional 5,242 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its position in Quantum-Si by 42.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 17,982 shares of the company’s stock worth $84,000 after purchasing an additional 5,356 shares in the last quarter. Institutional investors and hedge funds own 39.90% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeffrey Alan Hawkins acquired 25,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $1.76 per share, with a total value of $44,000.00. Following the completion of the purchase, the chief executive officer now owns 25,000 shares of the company’s stock, valued at $44,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Jeffry R. Keyes acquired 50,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were purchased at an average cost of $1.61 per share, with a total value of $80,500.00. Following the completion of the purchase, the chief financial officer now owns 50,000 shares of the company’s stock, valued at $80,500. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Alan Hawkins acquired 25,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $1.76 per share, for a total transaction of $44,000.00. Following the completion of the purchase, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at approximately $44,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 85,000 shares of company stock valued at $141,900. 29.03% of the stock is currently owned by insiders.

Quantum-Si Stock Up 6.8 %

NASDAQ:QSI opened at $1.89 on Thursday. Quantum-Si incorporated has a 12-month low of $1.12 and a 12-month high of $3.90. The firm has a market capitalization of $267.95 million, a PE ratio of -2.78 and a beta of 3.00. The firm has a 50-day moving average price of $1.72 and a 200 day moving average price of $1.67.

Quantum-Si (NASDAQ:QSI) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.16). Quantum-Si had a negative net margin of 8,868.76% and a negative return on equity of 30.65%. The firm had revenue of $0.40 million during the quarter, compared to analyst estimates of $0.30 million. On average, research analysts expect that Quantum-Si incorporated will post -0.87 EPS for the current year.

Analyst Ratings Changes

Separately, HC Wainwright increased their price target on shares of Quantum-Si from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Friday, March 1st.

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.