Insider Selling: Infleqtion (NYSE:INFQ) Director Sells $87,989,446.92 in Stock

Infleqtion (NYSE:INFQ) Director David Singer sold 5,249,967 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $16.76, for a total value of $87,989,446.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Infleqtion Stock Performance

Shares of NYSE:INFQ traded down $0.55 during midday trading on Wednesday, reaching $15.34. 25,220,661 shares of the company traded hands, compared to its average volume of 15,700,050. Infleqtion has a 12 month low of $8.52 and a 12 month high of $27.50. The firm has a market cap of $3.35 billion and a price-to-earnings ratio of -170.39.

Infleqtion (NYSE:INFQ) last released its quarterly earnings data on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

A number of research firms recently issued reports on INFQ. UBS Group began coverage on Infleqtion in a research note on Wednesday, April 29th. They set a “buy” rating on the stock. BTIG Research began coverage on Infleqtion in a research note on Friday, April 10th. They set a “buy” rating and a $22.00 price objective on the stock. Citigroup began coverage on Infleqtion in a research note on Tuesday, April 14th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Wall Street Zen upgraded Infleqtion to a “sell” rating in a research note on Saturday, April 18th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Infleqtion currently has a consensus rating of “Buy” and a consensus target price of $21.00.

Infleqtion News Roundup

Here are the key news stories impacting Infleqtion this week:

• Positive Sentiment: The U.S. government plans to invest up to $100 million each in Infleqtion, D-Wave, and Rigetti, highlighting growing strategic interest in quantum computing. Article Title
• Positive Sentiment: Recent commentary says Infleqtion is already generating real-world revenue from quantum sensing, atomic clocks, and defense-grade infrastructure, which supports the bullish case for the company’s commercial progress. Article Title
• Neutral Sentiment: Analysts remain generally constructive, with several firms carrying Buy ratings and an average price target around $21, suggesting Wall Street still sees upside despite near-term volatility. Article Title
• Negative Sentiment: Director David B. Singer sold more than 5.2 million shares, a very large reduction that may raise concerns about insider confidence. Article Title
• Negative Sentiment: CEO Matthew John Kinsella also sold significant blocks of stock, including transactions that cut his ownership materially, adding to the bearish tone around the shares. Article Title
• Negative Sentiment: Maverick Capital Ltd disclosed additional large sales of Infleqtion shares, reinforcing the view that major holders are trimming exposure. Article Title

About Infleqtion

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.