Nikko Asset Management Americas Inc. Decreases Stock Holdings in Quantum-Si Incorporated (NASDAQ:QSI)

Key Points

• Nikko Asset Management Americas Inc. reduced its stake in Quantum-Si by 2.6% during the first quarter, now holding approximately 3.17% of the company, valued at $6.92 million.
• Other hedge funds, including Renaissance Technologies LLC and XTX Topco Ltd, significantly increased their holdings in Quantum-Si during the fourth quarter, indicating growing institutional interest.
• Quantum-Si's stock recently experienced a 2.5% decline and reported a quarterly earnings loss that surpassed analysts' expectations, with a projected EPS of -0.65 for the current fiscal year.

Nikko Asset Management Americas Inc. decreased its position in shares of Quantum-Si Incorporated (NASDAQ:QSI - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,811,430 shares of the company's stock after selling 153,778 shares during the period. Nikko Asset Management Americas Inc. owned about 3.17% of Quantum-Si worth $6,916,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Quantum-Si by 1,211.4% in the 4th quarter. Renaissance Technologies LLC now owns 544,956 shares of the company's stock valued at $1,471,000 after purchasing an additional 503,400 shares in the last quarter. XTX Topco Ltd raised its position in Quantum-Si by 460.5% in the 4th quarter. XTX Topco Ltd now owns 245,585 shares of the company's stock valued at $663,000 after purchasing an additional 201,773 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Quantum-Si in the 4th quarter valued at about $412,000. Centiva Capital LP acquired a new stake in Quantum-Si in the 4th quarter valued at about $387,000. Finally, Green Alpha Advisors LLC raised its position in 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. Institutional investors and hedge funds own 39.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. HC Wainwright restated a "buy" rating and set a $5.50 price target on shares of Quantum-Si in a research note on Monday, May 19th. Alliance Global Partners restated a "buy" rating on shares of Quantum-Si in a research note on Friday, May 16th.

Insider Buying and Selling

In related news, CEO Jeffrey Alan Hawkins sold 23,705 shares of Quantum-Si stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $1.61, for a total value of $38,165.05. Following the sale, the chief executive officer directly owned 2,623,011 shares in the company, valued at $4,223,047.71. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John S. Vieceli sold 21,923 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $1.61, for a total value of $35,296.03. Following the transaction, the insider directly owned 842,586 shares in the company, valued at $1,356,563.46. This represents a 2.54% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,252 shares of company stock valued at $87,346. Company insiders own 22.95% of the company's stock.

Quantum-Si Stock Performance

Quantum-Si stock traded up $0.06 during trading hours on Wednesday, reaching $1.70. 2,403,955 shares of the stock were exchanged, compared to its average volume of 12,146,051. Quantum-Si Incorporated has a 52-week low of $0.61 and a 52-week high of $5.77. The stock has a market cap of $311.03 million, a P/E ratio of -2.49 and a beta of 2.89. The firm's 50 day moving average is $1.80 and its 200 day moving average is $1.63.

Quantum-Si (NASDAQ:QSI - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.06. Quantum-Si had a negative net margin of 2,925.41% and a negative return on equity of 41.44%. The firm had revenue of $0.84 million during the quarter, compared to analysts' expectations of $0.96 million. Equities research analysts expect that Quantum-Si Incorporated will post -0.65 EPS for the current fiscal year.

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.