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

Quantum-Si incorporated (NASDAQ:QSI - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $4.29, but opened at $4.02. Quantum-Si shares last traded at $4.36, with a volume of 20,836,039 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on QSI. Canaccord Genuity Group reduced their price target on Quantum-Si from $1.50 to $1.00 and set a "hold" rating for the company in a research report on Wednesday, November 13th. HC Wainwright raised their target price on shares of Quantum-Si from $4.00 to $5.50 and gave the company a "buy" rating in a research report on Thursday, November 21st.

Quantum-Si Trading Down 4.4 %

The business has a 50 day moving average price of $1.46 and a 200-day moving average price of $1.13. The company has a market cap of $585.12 million, a P/E ratio of -6.41 and a beta of 2.74.

Insider Activity

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si 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 in the company, valued at approximately $4,175,000. The trade was a 73.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 30.04% of the company's stock.

Hedge Funds Weigh In On Quantum-Si

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in Quantum-Si by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company's stock valued at $339,000 after buying an additional 10,811 shares during the last quarter. XTX Topco Ltd acquired a new stake in Quantum-Si during the 2nd quarter worth approximately $25,000. SG Americas Securities LLC acquired a new position in Quantum-Si in the 3rd quarter valued at $53,000. Green Alpha Advisors LLC increased its position in Quantum-Si by 35.4% during 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. Finally, Barclays PLC boosted its position in shares of Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company's stock valued at $173,000 after acquiring an additional 133,438 shares during the period. 39.90% of the stock is currently owned by institutional investors and hedge funds.

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.