AXQ Capital LP Buys New Shares in Quantum-Si incorporated (NASDAQ:QSI)

AXQ Capital LP purchased a new position in shares of Quantum-Si incorporated (NASDAQ:QSI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 34,067 shares of the company’s stock, valued at approximately $92,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in shares of Quantum-Si by 46.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 31,013 shares of the company’s stock valued at $84,000 after buying an additional 9,877 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Quantum-Si by 32.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 308,021 shares of the company’s stock valued at $832,000 after acquiring an additional 75,661 shares during the last quarter. Bravias Capital Group LLC purchased a new position in shares of Quantum-Si during the fourth quarter worth approximately $55,000. SBI Securities Co. Ltd. bought a new stake in shares of Quantum-Si in the 4th quarter worth approximately $60,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Quantum-Si by 21.3% in the 4th quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company’s stock valued at $728,000 after purchasing an additional 47,400 shares in the last quarter. 39.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Quantum-Si

In related news, CEO Jeffrey Alan Hawkins sold 23,707 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $1.39, for a total transaction of $32,952.73. Following the completion of the transaction, the chief executive officer now owns 2,646,716 shares in the company, valued at $3,678,935.24. This represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the sale, the director now directly owns 1,250,000 shares of the company’s stock, valued at $4,175,000. The trade was a 73.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,542,917 shares of company stock worth $11,761,875. Company insiders own 30.04% of the company’s stock.

Quantum-Si Stock Up 1.7 %

Shares of QSI opened at $1.48 on Tuesday. The stock has a market capitalization of $271.05 million, a P/E ratio of -2.31 and a beta of 2.75. Quantum-Si incorporated has a twelve month low of $0.61 and a twelve month high of $5.77. The firm has a fifty day simple moving average of $1.78 and a two-hundred day simple moving average of $1.49.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on QSI. National Bankshares set a $3.65 target price on shares of Quantum-Si in a research report on Wednesday, March 5th. Alliance Global Partners reiterated a “buy” rating on shares of Quantum-Si in a report on Wednesday, March 5th. Finally, HC Wainwright reissued a “buy” rating and issued a $5.50 target price on shares of Quantum-Si in a research note on Tuesday, January 14th.

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.