Bridgeway Capital Management LLC Has $799,000 Stock Position in Quantum-Si incorporated (NASDAQ:QSI)

Bridgeway Capital Management LLC lessened its stake in Quantum-Si incorporated (NASDAQ:QSI) by 27.2% in the fourth quarter, HoldingsChannel reports. The firm owned 296,100 shares of the company’s stock after selling 110,600 shares during the period. Bridgeway Capital Management LLC’s holdings in Quantum-Si were worth $799,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in Quantum-Si by 210.5% in the third 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 raised its stake in Quantum-Si by 12.4% during the 4th quarter. SG Americas Securities LLC now owns 67,588 shares of the company’s stock worth $182,000 after buying an additional 7,470 shares during the period. Abel Hall LLC acquired a new stake in Quantum-Si during the 4th quarter worth $28,000. Rhumbline Advisers lifted its holdings in Quantum-Si by 3.7% during the fourth quarter. Rhumbline Advisers now owns 148,946 shares of the company’s stock worth $402,000 after acquiring an additional 5,298 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Quantum-Si in the fourth quarter valued at about $95,000. Institutional investors and hedge funds own 39.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on QSI shares. Alliance Global Partners reaffirmed a “buy” rating on shares of Quantum-Si in a research report on Wednesday, March 5th. HC Wainwright reissued a “buy” rating and set a $5.50 target price on shares of Quantum-Si in a research note on Tuesday, January 14th. Finally, National Bankshares set a $3.65 price target on shares of Quantum-Si in a report on Wednesday, March 5th.

Quantum-Si Price Performance

Shares of Quantum-Si stock opened at $1.26 on Monday. The firm has a market cap of $230.76 million, a price-to-earnings ratio of -1.97 and a beta of 2.71. The stock’s 50-day moving average is $1.25 and its 200-day moving average is $1.57. Quantum-Si incorporated has a one year low of $0.61 and a one year high of $5.77.

Insider Activity at Quantum-Si

In other Quantum-Si news, CEO Jeffrey Alan Hawkins sold 23,707 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $1.39, for a total value of $32,952.73. Following the completion of the transaction, the chief executive officer now directly owns 2,646,716 shares in the company, valued at $3,678,935.24. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 36,650 shares of company stock valued at $50,944. 30.04% of the stock is owned by 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.