Nikko Asset Management Americas Inc. Has $16.05 Million Stake in Quantum-Si incorporated (NASDAQ:QSI)

Nikko Asset Management Americas Inc. decreased its holdings in shares of Quantum-Si incorporated (NASDAQ:QSI) by 20.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,965,208 shares of the company’s stock after selling 1,562,704 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Quantum-Si were worth $16,046,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in QSI. Wolverine Asset Management LLC acquired a new position in Quantum-Si during the fourth quarter worth $26,000. Abel Hall LLC bought a new stake in Quantum-Si during the fourth quarter worth $28,000. XTX Topco Ltd raised its position in Quantum-Si by 81.3% during the third quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock worth $39,000 after acquiring an additional 19,651 shares in the last quarter. Bravias Capital Group LLC bought a new stake in Quantum-Si during the fourth quarter worth $55,000. Finally, SBI Securities Co. Ltd. bought a new stake in Quantum-Si during the fourth quarter worth $60,000. Institutional investors and hedge funds own 39.90% of the company’s stock.

Insider Activity

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the 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 transaction, the director now directly owns 1,250,000 shares of the company’s stock, valued at $4,175,000. This represents a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 30.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and set a $5.50 price target on shares of Quantum-Si in a research report on Tuesday, January 14th. Alliance Global Partners reaffirmed a “buy” rating on shares of Quantum-Si in a research report on Wednesday, March 5th. Finally, National Bankshares set a $3.65 price target on shares of Quantum-Si in a research report on Wednesday, March 5th.

Quantum-Si Price Performance

Shares of QSI opened at $1.36 on Monday. The firm has a market capitalization of $249.07 million, a PE ratio of -2.13 and a beta of 2.75. The company’s 50-day moving average is $1.95 and its 200-day moving average is $1.46. Quantum-Si incorporated has a fifty-two week low of $0.61 and a fifty-two week high of $5.77.

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.