Shares of Quantum-Si incorporated (NASDAQ:QSI - Get Free Report) traded up 6.7% on Tuesday . The stock traded as high as $2.38 and last traded at $2.06. 18,007,610 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 66,435,195 shares. The stock had previously closed at $1.93.
Analyst Ratings Changes
QSI has been the topic of a number of recent analyst reports. HC Wainwright reiterated a "buy" rating and issued a $5.50 price objective on shares of Quantum-Si in a report on Tuesday. 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 report on Wednesday, November 13th.
View Our Latest Stock Report on QSI
Quantum-Si Stock Performance
The business's 50 day moving average price is $1.75 and its 200-day moving average price is $1.21. The firm has a market cap of $289.71 million, a price-to-earnings ratio of -3.17 and a beta of 2.74.
Insiders Place Their Bets
In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of the business's 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 owns 1,250,000 shares in the company, valued at $4,175,000. The trade was a 73.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 30.04% of the stock is currently owned by company insiders.
Institutional Trading of Quantum-Si
Large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in shares of Quantum-Si during the second quarter valued at $25,000. SG Americas Securities LLC bought a new position in Quantum-Si in the 3rd quarter valued at about $53,000. Green Alpha Advisors LLC increased its stake in Quantum-Si by 35.4% during the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company's stock valued at $154,000 after buying an additional 45,796 shares during the period. Barclays PLC raised its position in shares of Quantum-Si by 210.5% during 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of 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 worth $339,000 after acquiring an additional 10,811 shares during the period. 39.90% of the stock is currently owned by institutional investors and hedge funds.
Quantum-Si Company Profile
(
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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