Quantum-Si (NASDAQ:QSI) Trading Down 8% – What’s Next?

Quantum-Si incorporated (NASDAQ:QSI)’s stock price fell 8% during mid-day trading on Tuesday . The company traded as low as $3.57 and last traded at $3.77. 9,200,919 shares were traded during mid-day trading, a decline of 90% from the average session volume of 93,592,078 shares. The stock had previously closed at $4.10.

Analysts Set New Price Targets

QSI has been the subject of a number of research reports. HC Wainwright increased their target price on shares of Quantum-Si from $4.00 to $5.50 and gave the company a “buy” rating in a research report on Thursday, November 21st. Canaccord Genuity Group reduced their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a report on Wednesday, November 13th.

Quantum-Si Stock Performance

The stock has a market cap of $376.76 million, a P/E ratio of -4.13 and a beta of 2.74. The stock has a 50-day moving average price of $1.62 and a 200-day moving average price of $1.18.

Insider Buying and Selling at Quantum-Si

In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the transaction, the director now owns 1,250,000 shares of the company’s stock, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 30.04% of the company’s stock.

Institutional Trading of Quantum-Si

Several hedge funds and other institutional investors have recently bought and sold shares of QSI. Barclays PLC increased its position in shares of 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 increased its holdings 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 valued at $2,044,000 after purchasing an additional 145,091 shares during the period. XTX Topco Ltd raised its position in Quantum-Si by 81.3% during the 3rd 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 during the last quarter. Green Alpha Advisors LLC lifted 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 buying an additional 45,796 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Quantum-Si in the 3rd quarter worth approximately $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.