Quantum-Si incorporated (NASDAQ:QSI) CEO Sells $32,952.73 in Stock

Quantum-Si incorporated (NASDAQ:QSI) CEO Jeffrey Alan Hawkins sold 23,707 shares of the business’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Quantum-Si Trading Up 1.7 %

NASDAQ QSI opened at $1.48 on Tuesday. The company has a market capitalization of $271.05 million, a PE ratio of -2.31 and a beta of 2.75. The business’s 50-day moving average price is $1.78 and its 200 day moving average price is $1.49. Quantum-Si incorporated has a twelve month low of $0.61 and a twelve month high of $5.77.

Institutional Investors Weigh In On Quantum-Si

Several hedge funds have recently modified their holdings of the stock. XTX Topco Ltd grew its holdings in shares of Quantum-Si by 81.3% during the 3rd quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock worth $39,000 after purchasing an additional 19,651 shares during the period. Barclays PLC increased its position in shares of Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after acquiring an additional 133,438 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after acquiring an additional 145,091 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Quantum-Si by 12.4% during the 4th quarter. SG Americas Securities LLC now owns 67,588 shares of the company’s stock valued at $182,000 after acquiring an additional 7,470 shares in the last quarter. Finally, Abel Hall LLC acquired a new position in shares of Quantum-Si during the 4th quarter valued at $28,000. 39.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

QSI has been the topic of several recent research reports. HC Wainwright reaffirmed a “buy” rating and issued a $5.50 price target on shares of Quantum-Si in a report on Tuesday, January 14th. Alliance Global Partners reaffirmed a “buy” rating on shares of Quantum-Si in a research note on Wednesday, March 5th. Finally, National Bankshares set a $3.65 price target on Quantum-Si in a research report on Wednesday, March 5th.

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.