Quantum-Si incorporated (NASDAQ:QSI) Director Sells $11,710,931.78 in Stock

Quantum-Si incorporated (NASDAQ:QSI) Director Jonathan M. Rothberg sold 3,506,267 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 1,250,000 shares of the company’s stock, valued at $4,175,000. The trade was a 73.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Quantum-Si Stock Performance

Shares of QSI traded down $0.63 during trading hours on Tuesday, reaching $2.70. 43,231,980 shares of the company traded hands, compared to its average volume of 5,195,960. Quantum-Si incorporated has a 1-year low of $0.61 and a 1-year high of $4.14. The stock has a market cap of $385.33 million, a P/E ratio of -4.22 and a beta of 3.20. The stock’s fifty day moving average is $1.25 and its 200 day moving average is $1.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock worth $2,044,000 after acquiring an additional 145,091 shares in the last quarter. Barclays PLC raised its position in Quantum-Si by 210.5% in the 3rd 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 last quarter. SG Americas Securities LLC acquired a new position in Quantum-Si in the third quarter worth $53,000. Green Alpha Advisors LLC grew its holdings in shares of 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 during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Quantum-Si during the second quarter worth $25,000. 39.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. HC Wainwright upped their price objective on shares of Quantum-Si from $4.00 to $5.50 and gave the stock a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group dropped their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th.

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.