Quantum-Si (NASDAQ:QSI) Trading 0.8% Higher – Time to Buy?

Quantum-Si incorporated (NASDAQ:QSI)’s stock price shot up 0.8% during trading on Friday . The company traded as high as $2.86 and last traded at $2.66. 17,302,156 shares were traded during mid-day trading, a decline of 78% from the average session volume of 77,913,852 shares. The stock had previously closed at $2.64.

Wall Street Analyst Weigh In

QSI has been the subject of a number of research reports. HC Wainwright boosted their target price on shares of Quantum-Si from $4.00 to $5.50 and gave the company a “buy” rating in a research note on Thursday, November 21st. Canaccord Genuity Group reduced their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th.

Quantum-Si Trading Up 7.6 %

The company’s 50 day moving average price is $1.66 and its two-hundred day moving average price is $1.19. The stock has a market cap of $405.30 million, a P/E ratio of -4.44 and a beta of 2.74.

Insider Transactions at Quantum-Si

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 1,250,000 shares in the company, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 30.04% of the company’s stock.

Institutional Trading of Quantum-Si

A number of hedge funds and other institutional investors have recently modified their holdings of QSI. Barclays PLC grew its holdings in Quantum-Si by 210.5% during the 3rd 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 boosted its position in shares of Quantum-Si by 6.7% during 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 during the last quarter. SG Americas Securities LLC purchased a new position in shares of Quantum-Si in the third quarter valued at $53,000. XTX Topco Ltd raised its stake in Quantum-Si by 81.3% during the third quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock valued at $39,000 after purchasing an additional 19,651 shares in the last quarter. Finally, Green Alpha Advisors LLC grew its stake 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 in the last quarter. 39.90% of the stock is owned by hedge funds and other institutional investors.

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.