Quantum-Si (NASDAQ:QSI) Trading 5.1% Higher – Still a Buy?

Quantum-Si incorporated (NASDAQ:QSI)’s share price shot up 5.1% on Tuesday . The company traded as high as $2.43 and last traded at $2.36. 8,333,727 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 55,535,711 shares. The stock had previously closed at $2.24.

Analyst Upgrades and Downgrades

Several research firms have recently commented on QSI. Canaccord Genuity Group lowered their target price on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. HC Wainwright restated a “buy” rating and issued a $5.50 price objective on shares of Quantum-Si in a report on Tuesday, January 14th.

Quantum-Si Price Performance

The business has a 50 day moving average of $1.86 and a 200 day moving average of $1.25. The firm has a market capitalization of $347.50 million, a price-to-earnings ratio of -3.81 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 Quantum-Si stock in a transaction dated 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 transaction, the director now directly owns 1,250,000 shares in the company, valued at approximately $4,175,000. The trade was a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 30.04% of the company’s stock.

Hedge Funds Weigh In On Quantum-Si

Several institutional investors have recently modified their holdings of QSI. Geode Capital Management LLC boosted its holdings 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 valued at $2,044,000 after buying an additional 145,091 shares during the period. Barclays PLC boosted its stake in Quantum-Si by 210.5% in the 3rd 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 period. SG Americas Securities LLC bought a new position in Quantum-Si during the 3rd quarter worth about $53,000. Green Alpha Advisors LLC raised 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 period. Finally, XTX Topco Ltd bought a new stake in shares of Quantum-Si in the second quarter valued at about $25,000. Institutional investors own 39.90% of the company’s stock.

Quantum-Si Company Profile

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.