Sumitomo Mitsui Trust Group Inc. Has $16.11 Million Holdings in Quantum-Si incorporated (NASDAQ:QSI)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Quantum-Si incorporated (NASDAQ:QSI - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,965,208 shares of the company's stock after selling 1,582,704 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 4.18% of Quantum-Si worth $16,106,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Abel Hall LLC bought a new stake in shares of Quantum-Si in the fourth quarter worth $28,000. XTX Topco Ltd grew its stake 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 purchasing an additional 19,651 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Quantum-Si in the third quarter worth $53,000. Barclays PLC grew 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 worth $173,000 after purchasing an additional 133,438 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake 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 purchasing an additional 145,091 shares during the last quarter. Institutional investors own 39.90% of the company's stock.

Insider Activity

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the company's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the transaction, the director now owns 1,250,000 shares in the company, valued at approximately $4,175,000. This represents a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 30.04% of the company's stock.

Analyst Upgrades and Downgrades

QSI has been the topic of several analyst reports. Canaccord Genuity Group reduced 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 note on Wednesday, November 13th. HC Wainwright reaffirmed a "buy" rating and set a $5.50 price target on shares of Quantum-Si in a research report on Tuesday, January 14th. Finally, Alliance Global Partners assumed coverage on shares of Quantum-Si in a research report on Friday, February 7th. They set a "buy" rating and a $3.75 price target on the stock.

Quantum-Si Stock Down 3.9 %

QSI traded down $0.08 during trading on Friday, reaching $1.95. 6,467,491 shares of the stock traded hands, compared to its average volume of 17,758,626. The stock's 50-day moving average is $2.23 and its 200 day moving average is $1.39. Quantum-Si incorporated has a 12 month low of $0.61 and a 12 month high of $5.77. The stock has a market capitalization of $278.28 million, a PE ratio of -3.05 and a beta of 2.69.

About Quantum-Si

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.