Nuveen LLC Acquires Shares of 319,100 Quantum-Si Incorporated $QSI

Key Points

• Nuveen LLC has acquired a new stake in Quantum-Si Incorporated, purchasing 319,100 shares valued at approximately $383,000 during the first quarter.
• Insider trading includes sales by CEO Jeffrey Alan Hawkins and insider John S. Vieceli, with significant portions of their holdings sold, indicating a 0.90% and 2.54% decrease in their stock ownership respectively.
• Quantum-Si's current stock price is $1.07, with a consensus rating of "Moderate Buy" and a target price of $3.48, despite a reported earnings per share of ($0.16) meeting expectations.

Nuveen LLC bought a new stake in shares of Quantum-Si Incorporated (NASDAQ:QSI - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 319,100 shares of the company's stock, valued at approximately $383,000. Nuveen LLC owned about 0.17% of Quantum-Si at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WestHill Financial Advisors Inc. purchased a new position in Quantum-Si during the first quarter valued at approximately $26,000. HBW Advisory Services LLC purchased a new position in shares of Quantum-Si during the 1st quarter valued at $29,000. Balyasny Asset Management L.P. purchased a new position in shares of Quantum-Si during the 4th quarter valued at $36,000. Cetera Investment Advisers bought a new position in Quantum-Si in the 4th quarter worth $36,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Quantum-Si in the 4th quarter worth $36,000. 39.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Quantum-Si

In related news, insider John S. Vieceli sold 21,923 shares of the business's 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 sale, the insider owned 842,586 shares in the company, valued at approximately $1,356,563.46. The trade was a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Alan Hawkins sold 23,705 shares of the business's stock in a transaction 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 completion of the sale, the chief executive officer owned 2,623,011 shares in the company, valued at $4,223,047.71. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,252 shares of company stock worth $87,346 in the last 90 days. 30.04% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

QSI has been the topic of a number of recent analyst reports. HC Wainwright reissued a "buy" rating and set a $5.50 price target on shares of Quantum-Si in a report on Monday, May 19th. Alliance Global Partners reiterated a "buy" rating on shares of Quantum-Si in a research report on Friday, May 16th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $3.48.

Quantum-Si Stock Up 0.9%

QSI stock traded up $0.01 during mid-day trading on Friday, hitting $1.08. The company had a trading volume of 3,396,246 shares, compared to its average volume of 6,046,271. The company has a 50-day moving average price of $1.49 and a 200 day moving average price of $1.46. Quantum-Si Incorporated has a 12-month low of $0.61 and a 12-month high of $5.77. The company has a market capitalization of $218.69 million, a price-to-earnings ratio of -1.59 and a beta of 2.85.

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

Quantum-Si 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.