Tower Research Capital LLC TRC Boosts Holdings in Quantum-Si incorporated (NASDAQ:QSI)

Tower Research Capital LLC TRC increased its holdings in Quantum-Si incorporated (NASDAQ:QSI) by 139.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,347 shares of the company’s stock after buying an additional 13,592 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Quantum-Si were worth $63,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Quantum-Si by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,368,376 shares of the company’s stock worth $6,395,000 after acquiring an additional 51,455 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Quantum-Si by 1,211.4% in the 4th quarter. Renaissance Technologies LLC now owns 544,956 shares of the company’s stock worth $1,471,000 after buying an additional 503,400 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Quantum-Si by 32.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 308,021 shares of the company’s stock worth $832,000 after purchasing an additional 75,661 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Quantum-Si by 21.3% during the 4th quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company’s stock worth $728,000 after purchasing an additional 47,400 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of Quantum-Si by 460.5% during the 4th quarter. XTX Topco Ltd now owns 245,585 shares of the company’s stock worth $663,000 after purchasing an additional 201,773 shares during the period. Hedge funds and other institutional investors own 39.90% of the company’s stock.

Insider Buying and Selling

In other Quantum-Si 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 value of $32,952.73. Following the completion of the transaction, the chief executive officer now owns 2,646,716 shares of the company’s stock, valued at $3,678,935.24. This represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 36,650 shares of company stock worth $50,944 in the last three months. 30.04% of the stock is currently owned by insiders.

Quantum-Si Stock Down 5.3%

Shares of NASDAQ QSI opened at $1.26 on Monday. The firm has a market cap of $230.76 million, a PE ratio of -1.97 and a beta of 2.71. The business has a 50 day moving average price of $1.25 and a two-hundred day moving average price of $1.57. Quantum-Si incorporated has a fifty-two week low of $0.61 and a fifty-two week high of $5.77.

Analyst Upgrades and Downgrades

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

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.