Quantum-Si (NASDAQ:QSI) Shares Down 17.4% - What's Next?

Quantum-Si incorporated (NASDAQ:QSI - Get Free Report) shares traded down 17.4% during trading on Monday . The stock traded as low as $2.07 and last traded at $2.19. 14,405,681 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 71,020,570 shares. The stock had previously closed at $2.65.

Analyst Upgrades and Downgrades

QSI has been the topic of several research analyst reports. Canaccord Genuity Group decreased their price target 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. HC Wainwright increased their target price on shares of Quantum-Si from $4.00 to $5.50 and gave the stock a "buy" rating in a research report on Thursday, November 21st.

Quantum-Si Price Performance

The stock has a market capitalization of $275.44 million, a price-to-earnings ratio of -3.02 and a beta of 2.74. The business has a 50 day simple moving average of $1.72 and a 200-day simple moving average of $1.21.

Insider Buying and Selling

In related 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 transaction of $11,710,931.78. Following the completion of the transaction, the director now directly owns 1,250,000 shares of the company's stock, valued at approximately $4,175,000. This represents a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 30.04% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of QSI. Barclays PLC grew its stake in Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company's stock worth $173,000 after buying an additional 133,438 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 worth $2,044,000 after purchasing an additional 145,091 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Quantum-Si during the third quarter valued at $53,000. XTX Topco Ltd lifted its stake in shares of Quantum-Si by 81.3% in the third quarter. XTX Topco Ltd now owns 43,812 shares of the company's stock worth $39,000 after acquiring an additional 19,651 shares during the period. Finally, Green Alpha Advisors LLC boosted its position in 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 during the last quarter. Institutional investors and hedge funds own 39.90% 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.