Goldman Sachs Group Inc. Reduces Holdings in Quantum-Si Incorporated $QSI

Key Points

• Goldman Sachs Group Inc. has significantly reduced its stake in Quantum-Si Incorporated by 56.0%, currently holding 441,314 shares valued at approximately $530,000.
• Quantum-Si reported a quarterly revenue of $0.59 million, falling short of analyst estimates of $1.28 million, alongside a negative earnings per share (EPS) of ($0.16).
• Analysts give Quantum-Si a consensus rating of "Moderate Buy" with an average target price of $3.48, despite recent challenges in earnings and stock performance.

Goldman Sachs Group Inc. reduced its position in shares of Quantum-Si Incorporated (NASDAQ:QSI - Free Report) by 56.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 441,314 shares of the company's stock after selling 560,816 shares during the period. Goldman Sachs Group Inc. owned about 0.24% of Quantum-Si worth $530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new position in Quantum-Si in the 1st quarter worth $4,721,000. Nuveen LLC purchased a new position in Quantum-Si in the first quarter valued at about $383,000. Two Sigma Investments LP acquired a new stake in Quantum-Si during the 4th quarter valued at approximately $412,000. XTX Topco Ltd increased its holdings in Quantum-Si by 50.2% during the 1st quarter. XTX Topco Ltd now owns 368,968 shares of the company's stock worth $443,000 after purchasing an additional 123,383 shares during the last quarter. Finally, Green Alpha Advisors LLC raised its position in shares of Quantum-Si by 53.6% in the 1st quarter. Green Alpha Advisors LLC now owns 244,067 shares of the company's stock valued at $293,000 after purchasing an additional 85,209 shares in the last quarter. Hedge funds and other institutional investors own 39.90% of the company's stock.

Quantum-Si Stock Performance

QSI stock opened at $1.51 on Friday. Quantum-Si Incorporated has a 1 year low of $0.61 and a 1 year high of $5.77. The stock has a market capitalization of $305.76 million, a price-to-earnings ratio of -2.22 and a beta of 2.85. The stock's fifty day moving average is $1.34 and its two-hundred day moving average is $1.45.

Quantum-Si (NASDAQ:QSI - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, hitting the consensus estimate of ($0.16). The business had revenue of $0.59 million during the quarter, compared to analyst estimates of $1.28 million. Quantum-Si had a negative net margin of 3,120.14% and a negative return on equity of 44.57%. As a group, analysts predict that Quantum-Si Incorporated will post -0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a "hold" rating and issued a $1.00 price target on shares of Quantum-Si in a research note on Tuesday, September 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Quantum-Si presently has a consensus rating of "Moderate Buy" and an average target price of $3.48.

Insider Buying and Selling at Quantum-Si

In other news, insider Todd C. Bennett sold 18,482 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $1.68, for a total transaction of $31,049.76. Following the completion of the transaction, the insider directly owned 700,003 shares in the company, valued at approximately $1,176,005.04. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 42,841 shares of company stock worth $71,973 over the last quarter. Insiders own 30.04% of the company's stock.

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.

Want to see what other hedge funds are holding QSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quantum-Si Incorporated (NASDAQ:QSI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.