Quantum-Si Incorporated $QSI Position Boosted by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in Quantum-Si Incorporated (NASDAQ:QSI) by 67.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,828 shares of the company’s stock after buying an additional 46,884 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.06% of Quantum-Si worth $229,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Quantum-Si in the 2nd quarter worth approximately $26,000. Virtu Financial LLC bought a new position in Quantum-Si during the first quarter worth $42,000. Russell Investments Group Ltd. increased its stake in Quantum-Si by 322.6% during the first quarter. Russell Investments Group Ltd. now owns 38,257 shares of the company’s stock valued at $46,000 after purchasing an additional 29,204 shares during the last quarter. Corebridge Financial Inc. raised its holdings in shares of Quantum-Si by 18.2% during the first quarter. Corebridge Financial Inc. now owns 58,876 shares of the company’s stock worth $71,000 after purchasing an additional 9,086 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of Quantum-Si by 107.4% in the 1st quarter. Deutsche Bank AG now owns 67,522 shares of the company’s stock worth $81,000 after buying an additional 34,962 shares during the last quarter. Institutional investors own 39.90% of the company’s stock.

Quantum-Si Price Performance

Shares of QSI stock opened at $2.14 on Thursday. Quantum-Si Incorporated has a 12-month low of $0.61 and a 12-month high of $5.77. The firm has a market capitalization of $433.33 million, a price-to-earnings ratio of -3.15 and a beta of 2.89. The business has a 50 day simple moving average of $1.60 and a 200 day simple moving average of $1.57.

Quantum-Si (NASDAQ:QSI) last announced its earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share for the quarter, meeting the consensus estimate of ($0.16). Quantum-Si had a negative return on equity of 44.57% and a negative net margin of 3,120.14%.The firm had revenue of $0.59 million for the quarter, compared to the consensus estimate of $1.28 million. On average, equities analysts anticipate that Quantum-Si Incorporated will post -0.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on QSI. Canaccord Genuity Group boosted their price objective on shares of Quantum-Si from $1.00 to $2.00 and gave the company a “hold” rating in a research report on Monday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Quantum-Si in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $3.73.

Insider Activity

In related news, Director Jonathan M. Rothberg sold 26,095 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $3.07, for a total value of $80,111.65. Following the completion of the transaction, the director owned 1,904,866 shares in the company, valued at $5,847,938.62. This represents a 1.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Todd C. Bennett sold 18,482 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $1.68, for a total transaction of $31,049.76. Following the completion of the sale, the insider directly owned 700,003 shares of the company’s stock, valued at approximately $1,176,005.04. This represents a 2.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 68,936 shares of company stock valued at $152,085 in the last ninety days. Corporate insiders own 30.04% 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.