Maverick Capital Ltd Sells 5,488 Shares of Infleqtion (NYSE:INFQ) Stock

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 5,488 shares of Infleqtion stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $11.69, for a total transaction of $64,154.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Maverick Capital Ltd also recently made the following trade(s):

• On Thursday, August 13th, Maverick Capital Ltd sold 1,609 shares of Infleqtion stock. The stock was sold at an average price of $12.19, for a total value of $19,613.71.
• On Tuesday, August 11th, Maverick Capital Ltd sold 1,079 shares of Infleqtion stock. The stock was sold at an average price of $11.82, for a total value of $12,753.78.
• On Friday, August 7th, Maverick Capital Ltd sold 6,346 shares of Infleqtion stock. The shares were sold at an average price of $11.87, for a total transaction of $75,327.02.
• On Thursday, August 6th, Maverick Capital Ltd sold 8,057 shares of Infleqtion stock. The stock was sold at an average price of $11.09, for a total value of $89,352.13.
• On Wednesday, August 5th, Maverick Capital Ltd sold 1,324 shares of Infleqtion stock. The shares were sold at an average price of $10.88, for a total value of $14,405.12.
• On Tuesday, August 4th, Maverick Capital Ltd sold 28,168 shares of Infleqtion stock. The shares were sold at an average price of $11.44, for a total value of $322,241.92.
• On Friday, August 14th, Maverick Capital Ltd purchased 52,071 shares of Infleqtion stock. The shares were bought at an average cost of $12.42 per share, with a total value of $646,721.82.
• On Friday, May 29th, Maverick Capital Ltd sold 1,797,637 shares of Infleqtion stock. The stock was sold at an average price of $16.10, for a total value of $28,941,955.70.
• On Friday, May 22nd, Maverick Capital Ltd sold 5,323,111 shares of Infleqtion stock. The stock was sold at an average price of $16.77, for a total value of $89,268,571.47.
• On Thursday, May 21st, Maverick Capital Ltd sold 6,584,519 shares of Infleqtion stock. The shares were sold at an average price of $14.69, for a total value of $96,726,584.11.

Infleqtion Stock Performance

Shares of NYSE:INFQ traded up $0.67 on Friday, hitting $12.85. The company had a trading volume of 11,583,313 shares, compared to its average volume of 9,595,257. The firm has a market capitalization of $2.80 billion and a P/E ratio of -142.76. Infleqtion has a 52-week low of $8.52 and a 52-week high of $27.50. The business has a 50 day moving average of $11.87.

Institutional Investors Weigh In On Infleqtion

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Infleqtion by 1,350.7% during the second quarter. Bank of New York Mellon Corp now owns 1,076,802 shares of the quantum tech company’s stock worth $14,343,000 after acquiring an additional 1,002,576 shares during the last quarter. Davis Asset Management L.P. acquired a new position in shares of Infleqtion in the 2nd quarter valued at about $27,783,000. Finally, S&G Foundation acquired a new position in shares of Infleqtion in the 2nd quarter valued at about $154,164,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on INFQ shares. Zacks Research upgraded shares of Infleqtion to a “hold” rating in a report on Monday, June 29th. Canaccord Genuity Group began coverage on shares of Infleqtion in a report on Thursday, July 2nd. They set a “buy” rating and a $22.00 price target for the company. Wall Street Zen lowered shares of Infleqtion from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Craig Hallum began coverage on shares of Infleqtion in a research note on Wednesday, July 22nd. They set a “buy” rating and a $19.00 price objective on the stock. Finally, Weiss Ratings assumed coverage on shares of Infleqtion in a research report on Wednesday, May 27th. They set a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Infleqtion currently has an average rating of “Moderate Buy” and a consensus price target of $20.60.

Infleqtion Company Profile

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.