Nuveen Asset Management LLC Sells 245,980 Shares of Quantum-Si incorporated (NASDAQ:QSI)

Nuveen Asset Management LLC lessened its stake in Quantum-Si incorporated (NASDAQ:QSI - Free Report) by 43.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 319,100 shares of the company's stock after selling 245,980 shares during the period. Nuveen Asset Management LLC owned about 0.22% of Quantum-Si worth $862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of QSI. Tower Research Capital LLC TRC increased its holdings in Quantum-Si by 139.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 23,347 shares of the company's stock valued at $63,000 after purchasing an additional 13,592 shares during the period. Bank of New York Mellon Corp increased its holdings in 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 valued at $728,000 after purchasing an additional 47,400 shares during the period. SBI Securities Co. Ltd. purchased a new position in Quantum-Si during the 4th quarter valued at about $60,000. Sanctuary Advisors LLC purchased a new position in Quantum-Si during the 4th quarter valued at about $95,000. Finally, BNP Paribas Financial Markets purchased a new position in Quantum-Si during the 4th quarter valued at about $51,000. Institutional investors own 39.90% of the company's stock.

Quantum-Si Trading Up 8.7%

Shares of QSI stock traded up $0.14 during midday trading on Friday, reaching $1.74. 5,653,190 shares of the stock were exchanged, compared to its average volume of 10,777,318. Quantum-Si incorporated has a 1 year low of $0.61 and a 1 year high of $5.77. The company's 50 day moving average is $1.38 and its two-hundred day moving average is $1.68. The firm has a market cap of $319.29 million, a PE ratio of -2.72 and a beta of 2.87.

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 for the quarter, topping the consensus estimate of ($0.17) by $0.06. The company had revenue of $0.84 million for the quarter, compared to the consensus estimate of $0.96 million. Quantum-Si had a negative return on equity of 36.96% and a negative net margin of 3,968.84%. As a group, equities analysts expect that Quantum-Si incorporated will post -0.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on QSI. National Bankshares set a $3.65 price target on Quantum-Si in a report on Wednesday, March 5th. Alliance Global Partners restated a "buy" rating on shares of Quantum-Si in a report on Friday, May 16th. Finally, HC Wainwright reiterated a "buy" rating and set a $5.50 target price on shares of Quantum-Si in a report on Monday, May 19th.

Insider Buying and Selling

In related 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 sale, the chief executive officer now owns 2,646,716 shares in the company, valued at $3,678,935.24. This represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 36,650 shares of company stock worth $50,944 in the last 90 days. Insiders own 30.04% of the company's stock.

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.