Barclays PLC Purchases 133,438 Shares of Quantum-Si incorporated (NASDAQ:QSI)

Barclays PLC grew its holdings in shares of Quantum-Si incorporated (NASDAQ:QSI - Free Report) by 210.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,826 shares of the company's stock after buying an additional 133,438 shares during the period. Barclays PLC owned 0.14% of Quantum-Si worth $173,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. XTX Topco Ltd purchased a new position in Quantum-Si during the second quarter valued at $25,000. SG Americas Securities LLC purchased a new stake in shares of Quantum-Si during the third quarter valued at approximately $53,000. Green Alpha Advisors LLC increased its position in shares of Quantum-Si by 35.4% during the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company's stock valued at $154,000 after acquiring an additional 45,796 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Quantum-Si by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company's stock worth $339,000 after acquiring an additional 10,811 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company's stock valued at $2,044,000 after acquiring an additional 145,091 shares in the last quarter. 39.90% of the stock is owned by hedge funds and other institutional investors.

Quantum-Si Stock Up 1.1 %

Quantum-Si stock traded up $0.03 during midday trading on Thursday, reaching $2.41. 9,276,424 shares of the stock traded hands, compared to its average volume of 50,336,668. The stock has a market cap of $343.22 million, a P/E ratio of -3.76 and a beta of 2.74. The stock's fifty day moving average is $1.92 and its 200-day moving average is $1.27. Quantum-Si incorporated has a 12 month low of $0.61 and a 12 month high of $5.77.

Insider Transactions at Quantum-Si

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the business'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 transaction, the director now owns 1,250,000 shares of the company's stock, valued at approximately $4,175,000. The trade was a 73.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 30.04% of the company's stock.

Analysts Set New Price Targets

QSI has been the subject of a number of recent research reports. HC Wainwright restated a "buy" rating and set a $5.50 price target on shares of Quantum-Si in a research note on Tuesday, January 14th. Canaccord Genuity Group reduced their target price on shares of Quantum-Si from $1.50 to $1.00 and set a "hold" rating for the company in a report on Wednesday, November 13th.

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.