Quantum-Si (NASDAQ:QSI) Stock Price Down 5% – Time to Sell?

Quantum-Si incorporated (NASDAQ:QSI) shares traded down 5% on Wednesday . The company traded as low as $1.95 and last traded at $1.98. 3,752,928 shares changed hands during trading, a decline of 91% from the average session volume of 41,400,328 shares. The stock had previously closed at $2.08.

Wall Street Analysts Forecast Growth

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

Quantum-Si Trading Up 1.0 %

The firm has a market cap of $282.57 million, a P/E ratio of -3.09 and a beta of 2.74. The business has a 50-day moving average price of $2.08 and a 200-day moving average price of $1.32.

Insider Buying and Selling

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction 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 transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 30.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Quantum-Si

Institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new stake in shares of Quantum-Si during the fourth quarter valued at about $95,000. Rhumbline Advisers grew its position in shares of Quantum-Si by 3.7% in the 4th quarter. Rhumbline Advisers now owns 148,946 shares of the company’s stock worth $402,000 after buying an additional 5,298 shares during the last quarter. Abel Hall LLC bought a new position in shares of Quantum-Si during the 4th quarter worth approximately $28,000. SG Americas Securities LLC lifted its position in Quantum-Si by 12.4% during the fourth quarter. SG Americas Securities LLC now owns 67,588 shares of the company’s stock valued at $182,000 after acquiring an additional 7,470 shares during the last quarter. Finally, Barclays PLC boosted its stake in Quantum-Si by 210.5% in 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. 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.