Quantum-Si Sees Unusually Large Options Volume (NASDAQ:QSI)

Quantum-Si Incorporated (NASDAQ:QSI) was the target of unusually large options trading activity on Wednesday. Traders acquired 6,504 call options on the stock. This is an increase of approximately 67% compared to the typical daily volume of 3,884 call options.

Insider Transactions at Quantum-Si

In related news, CEO Jeffrey Alan Hawkins sold 23,705 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $1.61, for a total transaction of $38,165.05. Following the sale, the chief executive officer now directly owns 2,623,011 shares in the company, valued at $4,223,047.71. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Vieceli sold 21,923 shares of Quantum-Si stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $1.61, for a total value of $35,296.03. Following the completion of the transaction, the insider now owns 842,586 shares of the company’s stock, valued at approximately $1,356,563.46. The trade was a 2.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,252 shares of company stock valued at $87,346. 30.04% of the stock is owned by insiders.

Institutional Trading of Quantum-Si

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in shares of Quantum-Si by 3.7% in the 4th quarter. Rhumbline Advisers now owns 148,946 shares of the company’s stock valued at $402,000 after purchasing an additional 5,298 shares during the last quarter. Mariner LLC lifted its holdings in Quantum-Si by 29.1% in the fourth quarter. Mariner LLC now owns 33,439 shares of the company’s stock valued at $90,000 after buying an additional 7,540 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in Quantum-Si by 29.4% in the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 33,902 shares of the company’s stock valued at $92,000 after acquiring an additional 7,704 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Quantum-Si by 13.9% in the fourth quarter. Wells Fargo & Company MN now owns 71,980 shares of the company’s stock valued at $194,000 after acquiring an additional 8,802 shares during the last quarter. Finally, Corebridge Financial Inc. grew its holdings in Quantum-Si by 18.2% during the 1st quarter. Corebridge Financial Inc. now owns 58,876 shares of the company’s stock worth $71,000 after acquiring an additional 9,086 shares during the period. 39.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

QSI has been the subject of a number of research reports. Alliance Global Partners restated a “buy” rating on shares of Quantum-Si in a research note on Friday, May 16th. HC Wainwright reissued a “buy” rating and set a $5.50 price objective on shares of Quantum-Si in a report on Monday, May 19th. Finally, National Bankshares set a $3.65 target price on shares of Quantum-Si in a research note on Wednesday, March 5th.

Quantum-Si Stock Performance

NASDAQ:QSI opened at $2.02 on Thursday. The company has a market cap of $370.67 million, a price-to-earnings ratio of -2.97 and a beta of 2.87. The stock’s fifty day moving average price is $1.53 and its two-hundred day moving average price is $1.72. Quantum-Si has a 52-week low of $0.61 and a 52-week high of $5.77.

Quantum-Si (NASDAQ:QSI) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.06. The business had revenue of $0.84 million for the quarter, compared to analyst estimates of $0.96 million. Quantum-Si had a negative return on equity of 41.44% and a negative net margin of 2,925.41%. On average, equities analysts predict that Quantum-Si will post -0.65 EPS for the current fiscal year.

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.