Investors Purchase Large Volume of Call Options on Quantum-Si (NASDAQ:QSI)

Quantum-Si incorporated (NASDAQ:QSI - Get Free Report) saw unusually large options trading on Tuesday. Stock investors bought 16,070 call options on the stock. This is an increase of approximately 137% compared to the typical volume of 6,783 call options.

Quantum-Si Stock Performance

Shares of Quantum-Si stock traded up $0.10 during trading hours on Tuesday, hitting $2.03. The company's stock had a trading volume of 32,669,483 shares, compared to its average volume of 68,672,289. The business has a 50 day moving average price of $1.75 and a two-hundred day moving average price of $1.21. Quantum-Si has a 12-month low of $0.61 and a 12-month high of $5.77. The company has a market cap of $289.71 million, a PE ratio of -3.17 and a beta of 2.74.

Insider Buying and Selling

In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si 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 completion of the sale, the director now owns 1,250,000 shares of the company's stock, valued at $4,175,000. The trade was a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 30.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Quantum-Si

Several large investors have recently made changes to their positions in the business. Barclays PLC lifted 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 worth $173,000 after buying an additional 133,438 shares in the last quarter. Geode Capital Management LLC lifted 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 worth $2,044,000 after buying an additional 145,091 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Quantum-Si by 81.3% in the third quarter. XTX Topco Ltd now owns 43,812 shares of the company's stock worth $39,000 after buying an additional 19,651 shares in the last quarter. Green Alpha Advisors LLC lifted its position in shares of Quantum-Si by 35.4% in the third 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, SG Americas Securities LLC purchased a new stake in shares of Quantum-Si in the third quarter worth about $53,000. 39.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on QSI shares. Canaccord Genuity Group cut 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. HC Wainwright reissued a "buy" rating and set a $5.50 price target on shares of Quantum-Si in a report on Tuesday.

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.