Quantum-Si (NASDAQ:QSI) Trading Up 0.8% – Still a Buy?

Quantum-Si incorporated (NASDAQ:QSI)’s stock price was up 0.8% during trading on Friday . The company 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

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

Quantum-Si Stock Performance

The firm’s 50-day moving average price is $1.70 and its 200-day moving average price is $1.20. The stock has a market capitalization of $376.76 million, a PE ratio of -4.13 and a beta of 2.74.

Insider Buying and Selling

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 30.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Barclays PLC lifted its holdings in Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after acquiring an additional 133,438 shares during the period. Geode Capital Management LLC lifted its holdings in Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after purchasing an additional 145,091 shares in the last quarter. SG Americas Securities LLC acquired a new position in Quantum-Si during the third quarter worth about $53,000. XTX Topco Ltd grew its position 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 valued at $39,000 after purchasing an additional 19,651 shares in the last quarter. Finally, Green Alpha Advisors LLC raised its holdings in shares of Quantum-Si by 35.4% during the 3rd 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 period. 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.