Renaissance Technologies LLC Buys 503,400 Shares of Quantum-Si incorporated (NASDAQ:QSI)

Renaissance Technologies LLC boosted its position in Quantum-Si incorporated (NASDAQ:QSI - Free Report) by 1,211.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544,956 shares of the company's stock after buying an additional 503,400 shares during the period. Renaissance Technologies LLC owned approximately 0.38% of Quantum-Si worth $1,471,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of 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 buying an additional 133,438 shares in the last quarter. Geode Capital Management LLC lifted its position in Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company's stock valued at $2,044,000 after acquiring an additional 145,091 shares in the last quarter. SG Americas Securities LLC boosted its stake in Quantum-Si by 12.4% during the 4th quarter. SG Americas Securities LLC now owns 67,588 shares of the company's stock valued at $182,000 after purchasing an additional 7,470 shares during the last quarter. Abel Hall LLC bought a new stake in Quantum-Si during the 4th quarter worth approximately $28,000. Finally, Rhumbline Advisers raised its stake in shares of Quantum-Si by 3.7% in the fourth quarter. Rhumbline Advisers now owns 148,946 shares of the company's stock worth $402,000 after purchasing an additional 5,298 shares during the last quarter. 39.90% of the stock is owned by institutional investors and hedge funds.

Quantum-Si Trading Down 1.6 %

Shares of Quantum-Si stock opened at $1.21 on Tuesday. The business's fifty day simple moving average is $1.30 and its 200 day simple moving average is $1.54. Quantum-Si incorporated has a 12 month low of $0.61 and a 12 month high of $5.77. The firm has a market capitalization of $221.60 million, a P/E ratio of -1.89 and a beta of 2.71.

Insider Transactions at Quantum-Si

In other news, CEO Jeffrey Alan Hawkins sold 23,707 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $1.39, for a total transaction of $32,952.73. Following the completion of the sale, the chief executive officer now owns 2,646,716 shares in the company, valued at $3,678,935.24. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 36,650 shares of company stock worth $50,944 in the last ninety days. Company insiders own 30.04% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on QSI shares. Alliance Global Partners reaffirmed a "buy" rating on shares of Quantum-Si in a research report on Wednesday, March 5th. National Bankshares set a $3.65 price objective on shares of Quantum-Si in a report on Wednesday, March 5th. Finally, HC Wainwright reiterated a "buy" rating and issued a $5.50 target price on shares of Quantum-Si in a report on Tuesday, January 14th.

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.

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