Quantum-Si (NASDAQ:QSI) Trading Down 4.8% – Time to Sell?

Shares of Quantum-Si incorporated (NASDAQ:QSI) fell 4.8% during mid-day trading on Thursday . The company traded as low as $2.26 and last traded at $2.27. 4,649,625 shares traded hands during trading, a decline of 91% from the average session volume of 50,008,770 shares. The stock had previously closed at $2.38.

Wall Street Analyst Weigh In

A number of analysts have commented on QSI shares. Canaccord Genuity Group decreased their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. HC Wainwright reiterated a “buy” rating and set a $5.50 price target on shares of Quantum-Si in a report on Tuesday, January 14th.

Quantum-Si Stock Up 1.9 %

The company has a market capitalization of $346.07 million, a P/E ratio of -3.77 and a beta of 2.74. The business’s 50-day moving average is $1.92 and its two-hundred day moving average is $1.27.

Insider Transactions at Quantum-Si

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $3.34, for a total value of $11,710,931.78. Following the sale, the director now owns 1,250,000 shares of the company’s stock, valued at approximately $4,175,000. The trade was a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 30.04% of the company’s stock.

Institutional Investors Weigh In On Quantum-Si

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in Quantum-Si by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock worth $2,044,000 after buying an additional 145,091 shares during the last quarter. Barclays PLC lifted its position in shares of Quantum-Si by 210.5% during the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after buying an additional 133,438 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Quantum-Si during the 3rd quarter worth $53,000. Green Alpha Advisors LLC increased its holdings in Quantum-Si by 35.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after acquiring an additional 45,796 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Quantum-Si in the 2nd quarter valued at about $25,000. Institutional investors own 39.90% of the company’s stock.

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.