Quantum-Si (NASDAQ:QSI) Stock Price Down 11.8% - Here's What Happened

Quantum-Si incorporated (NASDAQ:QSI - Get Free Report)'s share price dropped 11.8% during mid-day trading on Monday . The company traded as low as $2.20 and last traded at $2.24. Approximately 23,045,930 shares changed hands during trading, a decline of 57% from the average daily volume of 53,240,412 shares. The stock had previously closed at $2.54.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on QSI. Canaccord Genuity Group lowered their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a "hold" rating for the company in a research note on Wednesday, November 13th. HC Wainwright restated a "buy" rating and issued a $5.50 price target on shares of Quantum-Si in a report on Tuesday, January 14th.

Quantum-Si Price Performance

The firm has a fifty day simple moving average of $1.86 and a 200-day simple moving average of $1.25. The firm has a market cap of $319.67 million, a P/E ratio of -3.50 and a beta of 2.74.

Insider Buying and Selling

In other Quantum-Si 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 transaction, the director now owns 1,250,000 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. 30.04% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in QSI. SG Americas Securities LLC boosted its position in Quantum-Si by 12.4% in the fourth quarter. SG Americas Securities LLC now owns 67,588 shares of the company's stock worth $182,000 after purchasing an additional 7,470 shares during the last quarter. Barclays PLC boosted its holdings in shares of Quantum-Si by 210.5% in the 3rd quarter. Barclays PLC now owns 196,826 shares of the company's stock worth $173,000 after buying an additional 133,438 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company's stock worth $2,044,000 after buying an additional 145,091 shares during the last quarter. XTX Topco Ltd grew its position in Quantum-Si by 81.3% during the third quarter. XTX Topco Ltd now owns 43,812 shares of the company's stock valued at $39,000 after buying an additional 19,651 shares during the period. Finally, Green Alpha Advisors LLC increased its holdings in Quantum-Si by 35.4% during the third 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 last quarter. 39.90% of the stock is owned by institutional investors.

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.