Quantum-Si (NASDAQ:QSI) Shares Up 9.8% – What’s Next?

Quantum-Si incorporated (NASDAQ:QSI)’s share price traded up 9.8% during trading on Wednesday . The company traded as high as $2.54 and last traded at $2.23. 26,294,749 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 63,821,848 shares. The stock had previously closed at $2.03.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on QSI shares. Canaccord Genuity Group lowered 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 report on Wednesday, November 13th. HC Wainwright reiterated a “buy” rating and set a $5.50 price target on shares of Quantum-Si in a report on Tuesday.

Quantum-Si Stock Down 11.8 %

The firm has a market capitalization of $319.67 million, a PE ratio of -3.50 and a beta of 2.74. The business’s 50-day moving average price is $1.81 and its 200-day moving average price is $1.23.

Insiders Place Their Bets

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 1,250,000 shares of the company’s stock, valued at $4,175,000. This represents a 73.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 30.04% of the company’s stock.

Institutional Investors Weigh In On Quantum-Si

Several institutional investors have recently made changes to their positions in QSI. Barclays PLC raised its position in Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after acquiring an additional 133,438 shares in the last quarter. Geode Capital Management LLC increased its stake 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 worth $2,044,000 after purchasing an additional 145,091 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Quantum-Si during the 3rd quarter valued at $53,000. XTX Topco Ltd raised its holdings in shares of Quantum-Si by 81.3% during the 3rd 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 lifted 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 valued at $154,000 after purchasing an additional 45,796 shares during the last quarter. 39.90% of the stock is currently owned by institutional investors and hedge funds.

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.