Quantum-Si incorporated (NASDAQ:QSI) Director Sells $11,710,931.78 in Stock

Quantum-Si incorporated (NASDAQ:QSI) Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’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 sale, the director now directly owns 1,250,000 shares of the company’s stock, valued at $4,175,000. The trade was a 73.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Quantum-Si Trading Up 57.8 %

Shares of NASDAQ QSI opened at $4.26 on Friday. The company has a market capitalization of $607.96 million, a price-to-earnings ratio of -6.66 and a beta of 3.20. Quantum-Si incorporated has a twelve month low of $0.61 and a twelve month high of $4.44. The business has a 50 day simple moving average of $1.39 and a 200-day simple moving average of $1.11.

Analysts Set New Price Targets

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

Institutional Trading of Quantum-Si

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its position 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 purchasing an additional 133,438 shares during the period. Geode Capital Management LLC grew its stake in Quantum-Si by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock worth $2,044,000 after buying an additional 145,091 shares during the last quarter. XTX Topco Ltd increased its position in 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 during the period. Green Alpha Advisors LLC lifted its stake in Quantum-Si by 35.4% in the third 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 last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Quantum-Si during the third quarter valued at $53,000. 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.