AXQ Capital LP Acquires Shares of 34,067 Quantum-Si incorporated (NASDAQ:QSI)

AXQ Capital LP bought a new position in shares of Quantum-Si incorporated (NASDAQ:QSI) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 34,067 shares of the company’s stock, valued at approximately $92,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QSI. Commonwealth Equity Services LLC raised its position in Quantum-Si by 46.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 31,013 shares of the company’s stock worth $84,000 after acquiring an additional 9,877 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Quantum-Si by 32.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 308,021 shares of the company’s stock worth $832,000 after purchasing an additional 75,661 shares during the period. Bravias Capital Group LLC purchased a new position in Quantum-Si in the fourth quarter valued at approximately $55,000. SBI Securities Co. Ltd. bought a new position in Quantum-Si during the fourth quarter valued at $60,000. Finally, Bank of New York Mellon Corp increased its position in Quantum-Si by 21.3% in the fourth quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company’s stock worth $728,000 after buying an additional 47,400 shares during the last quarter. 39.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. National Bankshares set a $3.65 price target on Quantum-Si in a research note on Wednesday, March 5th. HC Wainwright reiterated a “buy” rating and issued a $5.50 target price on shares of Quantum-Si in a research note on Tuesday, January 14th. Finally, Alliance Global Partners restated a “buy” rating on shares of Quantum-Si in a research note on Wednesday, March 5th.

Quantum-Si Stock Up 1.7 %

Shares of NASDAQ QSI opened at $1.48 on Tuesday. The business has a 50-day simple moving average of $1.78 and a two-hundred day simple moving average of $1.49. Quantum-Si incorporated has a 52 week low of $0.61 and a 52 week high of $5.77. The company has a market cap of $271.05 million, a P/E ratio of -2.31 and a beta of 2.75.

Insider Activity

In other Quantum-Si news, CEO Jeffrey Alan Hawkins sold 23,707 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $1.39, for a total value of $32,952.73. Following the sale, the chief executive officer now owns 2,646,716 shares of the company’s stock, valued at $3,678,935.24. This trade represents a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $3.34, for a total value of $11,710,931.78. Following the sale, the director now owns 1,250,000 shares of the company’s stock, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,542,917 shares of company stock worth $11,761,875. 30.04% of the stock is owned by company insiders.

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.