Quantum-Si (NASDAQ:QSI) Shares Down 17.4% – What’s Next?

Quantum-Si incorporated (NASDAQ:QSI)’s stock price fell 17.4% on Monday . The company traded as low as $2.07 and last traded at $2.19. 14,405,681 shares traded hands during trading, a decline of 80% from the average session volume of 71,020,570 shares. The stock had previously closed at $2.65.

Analyst Ratings Changes

Several research analysts recently commented on the stock. HC Wainwright lifted their target price on shares of Quantum-Si from $4.00 to $5.50 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Canaccord Genuity Group reduced their target price on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th.

Quantum-Si Stock Down 27.2 %

The firm’s 50-day moving average is $1.70 and its 200-day moving average is $1.20. The company has a market cap of $275.44 million, a PE ratio of -3.02 and a beta of 2.74.

Insider Buying and Selling at Quantum-Si

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the transaction, the director now directly owns 1,250,000 shares of the company’s stock, valued at approximately $4,175,000. The trade was a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 30.04% of the company’s stock.

Hedge Funds Weigh In On Quantum-Si

Hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of Quantum-Si in the 2nd quarter worth $25,000. SG Americas Securities LLC purchased a new stake in shares of Quantum-Si in the 3rd quarter worth $53,000. Green Alpha Advisors LLC raised its holdings in Quantum-Si by 35.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after purchasing an additional 45,796 shares during the period. Barclays PLC raised its holdings in Quantum-Si by 210.5% in the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after purchasing an additional 133,438 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Quantum-Si by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after purchasing an additional 10,811 shares in the last quarter. 39.90% of the stock is currently owned by hedge funds and other institutional investors.

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.