Investors Purchase Large Volume of Call Options on Quantum-Si (NASDAQ:QSI)

Quantum-Si incorporated (NASDAQ:QSI) saw unusually large options trading activity on Tuesday. Investors purchased 16,070 call options on the stock. This is an increase of approximately 137% compared to the typical daily volume of 6,783 call options.

Quantum-Si Price Performance

Quantum-Si stock traded up $0.10 during mid-day trading on Tuesday, reaching $2.03. The company had a trading volume of 32,236,477 shares, compared to its average volume of 68,525,961. The company has a market capitalization of $289.71 million, a P/E ratio of -3.17 and a beta of 2.74. The stock’s 50-day simple moving average is $1.72 and its 200-day simple moving average is $1.21. Quantum-Si has a 1 year low of $0.61 and a 1 year high of $5.77.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group decreased their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. HC Wainwright reaffirmed a “buy” rating and set a $5.50 price target on shares of Quantum-Si in a report on Tuesday.

Insiders Place Their Bets

In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction on Friday, December 27th. The stock was 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 in the company, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 30.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Quantum-Si

A number of large investors have recently added to or reduced their stakes in QSI. Bank of New York Mellon Corp lifted its stake in shares of Quantum-Si by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock worth $339,000 after purchasing an additional 10,811 shares during the period. XTX Topco Ltd boosted its stake in Quantum-Si by 81.3% in the 3rd quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock worth $39,000 after buying an additional 19,651 shares during the last quarter. Green Alpha Advisors LLC grew 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 valued at $154,000 after buying an additional 45,796 shares during the period. SG Americas Securities LLC acquired a new position in shares of Quantum-Si during the 3rd quarter valued at about $53,000. Finally, Barclays PLC lifted its holdings in shares of Quantum-Si by 210.5% during the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after acquiring an additional 133,438 shares during the period. 39.90% of the stock is owned by institutional investors and hedge funds.

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.