Quantum-Si incorporated (NASDAQ:QSI - Get Free Report)'s share price shot up 0.6% during mid-day trading on Friday . The company traded as high as $2.47 and last traded at $2.43. 6,955,087 shares were traded during trading, a decline of 85% from the average session volume of 47,458,070 shares. The stock had previously closed at $2.41.
Analysts Set New Price Targets
QSI has been the topic of a number of recent research reports. Canaccord Genuity Group decreased their price objective on 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 restated a "buy" rating and set a $5.50 price target on shares of Quantum-Si in a report on Tuesday, January 14th.
Read Our Latest Stock Analysis on QSI
Quantum-Si Stock Down 4.6 %
The firm has a market capitalization of $328.23 million, a PE ratio of -3.59 and a beta of 2.74. The company's 50-day simple moving average is $1.99 and its 200 day simple moving average is $1.29.
Insider Activity
In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the business's 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 sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 30.04% of the company's stock.
Institutional Trading of Quantum-Si
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in shares of Quantum-Si in the second quarter worth about $25,000. SG Americas Securities LLC acquired a new position in Quantum-Si in the 3rd quarter worth about $53,000. 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 worth $154,000 after purchasing an additional 45,796 shares in the last quarter. Barclays PLC grew 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 purchasing an additional 133,438 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Quantum-Si by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company's stock valued at $2,044,000 after buying an additional 145,091 shares in the last quarter. 39.90% of the stock is owned by institutional investors and hedge funds.
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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