Quantum-Si incorporated (NASDAQ:QSI - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $5.32 and last traded at $5.09, with a volume of 49363891 shares trading hands. The stock had previously closed at $4.26.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on QSI shares. HC Wainwright lifted their price target on Quantum-Si from $4.00 to $5.50 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Canaccord Genuity Group dropped their target price 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.
Get Our Latest Report on QSI
Quantum-Si Price Performance
The business has a fifty day moving average price of $1.39 and a two-hundred day moving average price of $1.11. The firm has a market cap of $612.24 million, a PE ratio of -6.70 and a beta of 3.20.
Insider Activity at Quantum-Si
In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction dated 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 completion of the sale, the director now directly owns 1,250,000 shares in the company, valued at $4,175,000. The trade was a 73.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 30.04% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in Quantum-Si during the second quarter valued at about $25,000. SG Americas Securities LLC acquired a new stake in Quantum-Si in the 3rd quarter valued at approximately $53,000. Green Alpha Advisors LLC increased its position 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. Barclays PLC grew its stake in shares of Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company's stock worth $173,000 after acquiring an additional 133,438 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Quantum-Si by 3.5% during the second 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 period. Institutional investors and hedge funds own 39.90% of the company's stock.
About Quantum-Si
(
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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.
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