Nikko Asset Management Americas Inc. Sells 1,562,704 Shares of Quantum-Si incorporated (NASDAQ:QSI)

Nikko Asset Management Americas Inc. lowered its stake in Quantum-Si incorporated (NASDAQ:QSI - Free Report) by 20.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,965,208 shares of the company's stock after selling 1,562,704 shares during the period. Nikko Asset Management Americas Inc. owned 4.18% of Quantum-Si worth $16,046,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in QSI. Wolverine Asset Management LLC bought a new stake in shares of Quantum-Si in the fourth quarter worth $26,000. Abel Hall LLC acquired a new position in Quantum-Si during the 4th quarter worth about $28,000. Bravias Capital Group LLC bought a new stake in shares of Quantum-Si in the 4th quarter valued at about $55,000. SBI Securities Co. Ltd. acquired a new stake in shares of Quantum-Si in the fourth quarter valued at about $60,000. Finally, Commonwealth Equity Services LLC raised its position in shares of Quantum-Si by 46.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 31,013 shares of the company's stock worth $84,000 after acquiring an additional 9,877 shares during the last quarter. Institutional investors and hedge funds own 39.90% of the company's stock.

Quantum-Si Stock Up 3.2 %

QSI traded up $0.05 during trading on Friday, hitting $1.46. The company's stock had a trading volume of 8,626,964 shares, compared to its average volume of 9,421,194. The firm has a market capitalization of $266.47 million, a P/E ratio of -2.27 and a beta of 2.75. Quantum-Si incorporated has a twelve month low of $0.61 and a twelve month high of $5.77. The stock's fifty day moving average price is $1.82 and its 200-day moving average price is $1.47.

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Insider Activity at Quantum-Si

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the 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 transaction, the director now owns 1,250,000 shares in the company, valued at approximately $4,175,000. This represents a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 30.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

QSI has been the topic of several analyst reports. National Bankshares set a $3.65 target price on Quantum-Si in a report on Wednesday, March 5th. Alliance Global Partners reaffirmed a "buy" rating on shares of Quantum-Si in a research note on Wednesday, March 5th. Finally, HC Wainwright reissued a "buy" rating and set a $5.50 target price on shares of Quantum-Si in a research note on Tuesday, January 14th.

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.