ARK Investment Management LLC Grows Stake in Quantum-Si incorporated (NASDAQ:QSI)

ARK Investment Management LLC raised its stake in Quantum-Si incorporated (NASDAQ:QSI) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,519,322 shares of the company’s stock after purchasing an additional 1,071,105 shares during the quarter. ARK Investment Management LLC owned about 10.95% of Quantum-Si worth $31,194,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Quantum-Si by 424.5% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,532,917 shares of the company’s stock worth $14,165,000 after acquiring an additional 6,905,932 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Quantum-Si by 118.6% during the first quarter. Vanguard Group Inc. now owns 3,934,007 shares of the company’s stock worth $18,411,000 after acquiring an additional 2,134,692 shares during the last quarter. State Street Corp increased its position in shares of Quantum-Si by 270.0% during the second quarter. State Street Corp now owns 1,486,286 shares of the company’s stock worth $3,448,000 after acquiring an additional 1,084,571 shares during the last quarter. BlackRock Inc. increased its position in shares of Quantum-Si by 16.7% during the second quarter. BlackRock Inc. now owns 7,101,978 shares of the company’s stock worth $12,713,000 after acquiring an additional 1,018,153 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Quantum-Si by 369.8% during the second quarter. Northern Trust Corp now owns 774,618 shares of the company’s stock worth $1,797,000 after acquiring an additional 609,737 shares during the last quarter. 39.90% of the stock is owned by hedge funds and other institutional investors.

Quantum-Si Stock Performance

NASDAQ:QSI opened at $1.89 on Thursday. The company has a market capitalization of $267.95 million, a price-to-earnings ratio of -2.78 and a beta of 3.00. Quantum-Si incorporated has a one year low of $1.12 and a one year high of $3.90. The stock has a 50-day simple moving average of $1.72 and a 200 day simple moving average of $1.67.

Quantum-Si (NASDAQ:QSI) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, hitting analysts’ consensus estimates of ($0.16). The business had revenue of $0.40 million during the quarter, compared to the consensus estimate of $0.30 million. Quantum-Si had a negative return on equity of 30.65% and a negative net margin of 8,868.76%. On average, equities research analysts forecast that Quantum-Si incorporated will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jeffrey Alan Hawkins bought 25,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $1.76 per share, for a total transaction of $44,000.00. Following the completion of the purchase, the chief executive officer now directly owns 25,000 shares in the company, valued at approximately $44,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Jeffry R. Keyes bought 50,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of $1.61 per share, for a total transaction of $80,500.00. Following the completion of the purchase, the chief financial officer now directly owns 50,000 shares in the company, valued at approximately $80,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Alan Hawkins bought 25,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was bought at an average price of $1.76 per share, with a total value of $44,000.00. Following the completion of the purchase, the chief executive officer now owns 25,000 shares of the company’s stock, valued at $44,000. The disclosure for this purchase can be found here. Over the last three months, insiders bought 85,000 shares of company stock worth $141,900. Corporate insiders own 29.03% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright lifted their target price on Quantum-Si from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Friday, March 1st.

Quantum-Si Company Profile

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.