13,340 Shares in Quantum-Si Incorporated $QSI Bought by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd purchased a new position in shares of Quantum-Si Incorporated (NASDAQ:QSI) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 13,340 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in Quantum-Si during the 1st quarter worth $42,000. Russell Investments Group Ltd. raised its stake in Quantum-Si by 322.6% during the 1st quarter. Russell Investments Group Ltd. now owns 38,257 shares of the company’s stock worth $46,000 after acquiring an additional 29,204 shares in the last quarter. Corebridge Financial Inc. raised its stake in Quantum-Si by 18.2% during the 1st quarter. Corebridge Financial Inc. now owns 58,876 shares of the company’s stock worth $71,000 after acquiring an additional 9,086 shares in the last quarter. Deutsche Bank AG raised its stake in Quantum-Si by 107.4% during the 1st quarter. Deutsche Bank AG now owns 67,522 shares of the company’s stock worth $81,000 after acquiring an additional 34,962 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Quantum-Si by 106.3% during the 1st quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 69,944 shares of the company’s stock worth $84,000 after acquiring an additional 36,042 shares in the last quarter. 39.90% of the stock is currently owned by institutional investors and hedge funds.

Quantum-Si Stock Performance

Shares of Quantum-Si stock opened at $2.28 on Friday. Quantum-Si Incorporated has a 1 year low of $0.61 and a 1 year high of $5.77. The company has a market capitalization of $461.68 million, a P/E ratio of -3.35 and a beta of 2.89. The company’s fifty day moving average is $1.41 and its two-hundred day moving average is $1.51.

Quantum-Si (NASDAQ:QSI) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.16). Quantum-Si had a negative net margin of 3,120.14% and a negative return on equity of 44.57%. The business had revenue of $0.59 million for the quarter, compared to analyst estimates of $1.28 million. As a group, equities analysts expect that Quantum-Si Incorporated will post -0.65 earnings per share for the current year.

Insider Transactions at Quantum-Si

In other news, Director Jonathan M. Rothberg sold 26,095 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $3.07, for a total transaction of $80,111.65. Following the transaction, the director directly owned 1,904,866 shares in the company, valued at $5,847,938.62. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Todd C. Bennett sold 18,482 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $1.68, for a total transaction of $31,049.76. Following the transaction, the insider owned 700,003 shares in the company, valued at approximately $1,176,005.04. This trade represents a 2.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,936 shares of company stock worth $152,085. Company insiders own 30.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on QSI. Canaccord Genuity Group reiterated a “hold” rating and set a $1.00 price target on shares of Quantum-Si in a research note on Tuesday, September 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Quantum-Si in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Quantum-Si has an average rating of “Hold” and an average target price of $3.48.

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.