Quantum-Si (NASDAQ:QSI) Trading Up 0.8% – Here’s What Happened

Shares of Quantum-Si incorporated (NASDAQ:QSI) rose 0.8% during mid-day trading on Friday . The stock traded as high as $2.86 and last traded at $2.66. Approximately 17,302,156 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 77,913,852 shares. The stock had previously closed at $2.64.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on QSI. Canaccord Genuity Group decreased their target price on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. HC Wainwright lifted their price objective on Quantum-Si from $4.00 to $5.50 and gave the stock a “buy” rating in a report on Thursday, November 21st.

Quantum-Si Price Performance

The business’s fifty day moving average is $1.70 and its 200-day moving average is $1.20. The company has a market cap of $376.76 million, a PE ratio of -4.13 and a beta of 2.74.

Insider Transactions at Quantum-Si

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 transaction of $11,710,931.78. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 30.04% of the company’s stock.

Hedge Funds Weigh In On Quantum-Si

Several large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Quantum-Si by 210.5% during the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after purchasing an additional 133,438 shares during the period. Geode Capital Management LLC raised its position 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 valued at $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 during the third quarter valued at approximately $53,000. XTX Topco Ltd lifted its holdings 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 buying an additional 19,651 shares in the last quarter. Finally, Green Alpha Advisors LLC boosted its position in shares of 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 last quarter. Hedge funds and other institutional investors own 39.90% of the company’s stock.

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.