Quantum-Si (NASDAQ:QSI) Shares Gap Down – Time to Sell?

Shares of Quantum-Si incorporated (NASDAQ:QSI) gapped down before the market opened on Monday . The stock had previously closed at $4.29, but opened at $4.02. Quantum-Si shares last traded at $4.36, with a volume of 20,836,039 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on QSI shares. HC Wainwright boosted their price target on shares of Quantum-Si from $4.00 to $5.50 and gave the stock a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group lowered their target price on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th.

Quantum-Si Stock Performance

The firm has a 50-day moving average price of $1.59 and a two-hundred day moving average price of $1.17. The firm has a market cap of $376.76 million, a price-to-earnings ratio of -4.13 and a beta of 2.74.

Insider Transactions at Quantum-Si

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the transaction, the director now owns 1,250,000 shares of the company’s stock, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 30.04% of the company’s stock.

Institutional Trading of Quantum-Si

Institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in Quantum-Si in the second quarter valued at $25,000. SG Americas Securities LLC acquired a new position in Quantum-Si in the 3rd quarter valued at about $53,000. Green Alpha Advisors LLC raised its stake in Quantum-Si by 35.4% during the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after acquiring an additional 45,796 shares during the last quarter. Barclays PLC lifted its position in Quantum-Si by 210.5% during the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after acquiring an additional 133,438 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Quantum-Si by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after purchasing an additional 10,811 shares during the period. 39.90% of the stock is owned by hedge funds and other institutional investors.

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.