Quantum-Si (NASDAQ:QSI) Shares Down 11.8% – Should You Sell?

Quantum-Si incorporated (NASDAQ:QSI) shares were down 11.8% during trading on Monday . The company traded as low as $2.20 and last traded at $2.24. Approximately 23,045,930 shares changed hands during trading, a decline of 57% from the average daily volume of 53,240,412 shares. The stock had previously closed at $2.54.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. HC Wainwright reissued a “buy” rating and issued a $5.50 price target on shares of Quantum-Si in a research note on Tuesday, January 14th. Canaccord Genuity Group reduced their price target 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.

Quantum-Si Trading Down 11.8 %

The stock has a 50 day moving average of $1.83 and a 200-day moving average of $1.24. The company has a market capitalization of $319.67 million, a P/E ratio of -3.50 and a beta of 2.74.

Insider Activity

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the business’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 transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 30.04% of the company’s stock.

Institutional Trading of Quantum-Si

Large investors have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in Quantum-Si during the second quarter valued at about $25,000. SG Americas Securities LLC bought a new stake in shares of Quantum-Si in the 3rd quarter valued at about $53,000. Green Alpha Advisors LLC grew its position in shares of 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 during the last quarter. Barclays PLC raised its stake in shares of Quantum-Si by 210.5% during the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after acquiring an additional 133,438 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position 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 acquiring an additional 10,811 shares during the last quarter. Hedge funds and other institutional investors own 39.90% of the company’s stock.

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.