Quantum-Si incorporated (NASDAQ:QSI - Get Free Report)'s stock price shot up 0.8% during mid-day trading on Friday . The company traded as high as $2.86 and last traded at $2.66. 17,302,156 shares were traded during mid-day trading, a decline of 78% from the average session volume of 77,913,852 shares. The stock had previously closed at $2.64.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on QSI. Canaccord Genuity Group decreased their price objective on 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 increased their price target 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.
Check Out Our Latest Report on Quantum-Si
Quantum-Si Price Performance
The company's fifty day simple moving average is $1.70 and its 200-day simple moving average is $1.20. The firm has a market capitalization of $376.76 million, a PE ratio of -4.13 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 sale, the director now owns 1,250,000 shares of the company's stock, 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. 30.04% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of QSI. Bank of New York Mellon Corp boosted its holdings in Quantum-Si by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company's stock valued at $339,000 after purchasing an additional 10,811 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Quantum-Si in the second quarter worth about $25,000. SG Americas Securities LLC acquired a new stake in Quantum-Si during the third quarter worth about $53,000. Green Alpha Advisors LLC raised 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 in the last quarter. Finally, Barclays PLC lifted its holdings in 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 hedge funds and other institutional investors.
About Quantum-Si
(
Get Free Report)
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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