136,392 Infleqtion $INFQ Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its holdings in shares of Infleqtion (NYSE:INFQ) by 13,114.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,432 shares of the quantum tech company’s stock after purchasing an additional 136,392 shares during the period. TD Waterhouse Canada Inc.’s holdings in Infleqtion were worth $1,836,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. S&G Foundation bought a new stake in shares of Infleqtion in the 2nd quarter worth approximately $154,164,000. Davis Asset Management L.P. acquired a new stake in Infleqtion during the second quarter valued at approximately $27,783,000. Bank of New York Mellon Corp boosted its holdings 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 buying an additional 1,002,576 shares in the last quarter. Wellington Management Group LLP bought a new stake in Infleqtion during the second quarter worth approximately $3,708,000. Finally, Baird Financial Group Inc. bought a new stake in Infleqtion during the second quarter worth approximately $2,435,000.

Infleqtion Trading Up 7.2%

Shares of INFQ opened at $9.28 on Thursday. The company’s 50 day moving average is $12.51. Infleqtion has a 52 week low of $8.38 and a 52 week high of $24.22.

Infleqtion (NYSE:INFQ) last released its quarterly earnings data on Wednesday, August 12th. The quantum tech company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The business had revenue of $13.54 million for the quarter. On average, equities research analysts predict that Infleqtion will post -0.24 EPS for the current year.

Insider Activity

In other news, Director Maverick Capital Ltd sold 164,824 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $13.02, for a total transaction of $2,146,008.48. Following the transaction, the director directly owned 1,381,233 shares in the company, valued at $17,983,653.66. The trade was a 10.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 250,300 shares of company stock worth $3,165,428.

Analysts Set New Price Targets

Several research firms have issued reports on INFQ. Canaccord Genuity Group started coverage on shares of Infleqtion in a research report on Thursday, July 2nd. They issued a “buy” rating and a $22.00 price target on the stock. Zacks Research upgraded Infleqtion to a “hold” rating in a research report on Monday, June 29th. Morgan Stanley set a $12.00 price objective on Infleqtion and gave the company an “equal weight” rating in a research report on Thursday, October 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Infleqtion in a research note on Monday, August 24th. Finally, Wall Street Zen upgraded Infleqtion from a “strong sell” rating to a “sell” rating in a report on Saturday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.43.

Infleqtion 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.