Quantum-Si incorporated (NASDAQ:QSI) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC reduced its stake in shares of Quantum-Si incorporated (NASDAQ:QSI - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,848,650 shares of the company's stock after selling 2,993,959 shares during the quarter. ARK Investment Management LLC owned 6.20% of Quantum-Si worth $23,891,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of QSI. Geode Capital Management LLC raised its holdings in shares of 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 buying an additional 145,091 shares during the period. Barclays PLC raised 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 valued at $173,000 after buying an additional 133,438 shares during the period. SG Americas Securities LLC purchased a new stake in Quantum-Si during the 3rd quarter worth approximately $53,000. Bank of New York Mellon Corp increased its holdings in Quantum-Si by 21.3% during the 4th quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company's stock worth $728,000 after purchasing an additional 47,400 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Quantum-Si during the 4th quarter worth approximately $95,000. 39.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on QSI. Alliance Global Partners began coverage on Quantum-Si in a report on Friday, February 7th. They set a "buy" rating and a $3.75 price objective on the stock. Canaccord Genuity Group dropped their price objective on Quantum-Si from $1.50 to $1.00 and set a "hold" rating on the stock in a report on Wednesday, November 13th. Finally, HC Wainwright restated a "buy" rating and set a $5.50 price objective on shares of Quantum-Si in a report on Tuesday, January 14th.

Quantum-Si Stock Up 2.2 %

Shares of QSI traded up $0.03 during mid-day trading on Friday, hitting $1.38. The stock had a trading volume of 6,672,319 shares, compared to its average volume of 24,161,191. The company has a market cap of $196.94 million, a PE ratio of -2.16 and a beta of 2.70. The company's fifty day simple moving average is $2.23 and its two-hundred day simple moving average is $1.43. Quantum-Si incorporated has a fifty-two week low of $0.61 and a fifty-two week high of $5.77.

Insider Transactions at Quantum-Si

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction that occurred 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 owns 1,250,000 shares in the company, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 30.04% of the company's stock.

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.