Quantum-Si incorporated (NASDAQ:QSI - Get Free Report)'s stock price shot up 39.6% on Thursday . The company traded as high as $3.79 and last traded at $3.77. 67,820,135 shares traded hands during mid-day trading, an increase of 1,205% from the average session volume of 5,195,960 shares. The stock had previously closed at $2.70.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on QSI. HC Wainwright raised their price target on shares of Quantum-Si from $4.00 to $5.50 and gave the company a "buy" rating in a report on Thursday, November 21st. Canaccord Genuity Group lowered their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th.
Read Our Latest Analysis on QSI
Quantum-Si Price Performance
The business has a 50-day moving average of $1.32 and a 200 day moving average of $1.09. The company has a market cap of $607.96 million, a PE ratio of -6.66 and a beta of 3.20.
Insider Activity
In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm's 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 transaction, the director now directly owns 1,250,000 shares of the company's stock, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 30.04% of the company's stock.
Institutional Trading of Quantum-Si
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its holdings in Quantum-Si by 3.5% during 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 in the last quarter. XTX Topco Ltd purchased a new position in shares of Quantum-Si during the 2nd quarter valued at $25,000. SG Americas Securities LLC bought a new position in Quantum-Si in the 3rd quarter worth $53,000. Green Alpha Advisors LLC increased its stake in Quantum-Si by 35.4% in 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 in the last quarter. Finally, Barclays PLC increased its stake in Quantum-Si by 210.5% in 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. Hedge funds and other institutional investors own 39.90% of the company's stock.
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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