Quantum-Si (NASDAQ:QSI) Shares Down 3.5% - Here's Why

Shares of Quantum-Si incorporated (NASDAQ:QSI - Get Free Report) traded down 3.5% during mid-day trading on Wednesday . The stock traded as low as $2.40 and last traded at $2.35. 9,199,722 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 52,956,617 shares. The stock had previously closed at $2.44.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on QSI. HC Wainwright reissued a "buy" rating and issued a $5.50 target price on shares of Quantum-Si in a report on Tuesday, January 14th. Canaccord Genuity Group cut 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 report on Wednesday, November 13th.

Quantum-Si Trading Down 1.8 %

The company's 50 day moving average price is $1.89 and its 200-day moving average price is $1.26. The company has a market capitalization of $341.79 million, a PE ratio of -3.73 and a beta of 2.74.

Insider Buying and Selling at Quantum-Si

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the stock in a transaction 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 completion of the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 30.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Quantum-Si

Several large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in shares of Quantum-Si by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company's stock valued at $339,000 after acquiring an additional 10,811 shares during the last quarter. XTX Topco Ltd acquired a new stake in Quantum-Si during the 2nd quarter valued at approximately $25,000. SG Americas Securities LLC purchased a new position in shares of Quantum-Si during the third quarter valued at approximately $53,000. Green Alpha Advisors LLC boosted its holdings in Quantum-Si by 35.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company's stock valued at $154,000 after purchasing an additional 45,796 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Quantum-Si by 210.5% during the 3rd quarter. Barclays PLC now owns 196,826 shares of the company's stock valued at $173,000 after buying an additional 133,438 shares in 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.

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