Sumitomo Mitsui Trust Group Inc. Cuts Position in Quantum-Si Incorporated (NASDAQ:QSI)

Sumitomo Mitsui Trust Group Inc. cut its position in Quantum-Si Incorporated (NASDAQ:QSI - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,811,430 shares of the company's stock after selling 153,778 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 3.17% of Quantum-Si worth $6,974,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in Quantum-Si by 139.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 23,347 shares of the company's stock valued at $63,000 after acquiring an additional 13,592 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Quantum-Si by 21.3% in the 4th quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company's stock valued at $728,000 after acquiring an additional 47,400 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Quantum-Si in the 4th quarter valued at about $60,000. Sanctuary Advisors LLC bought a new position in Quantum-Si in the 4th quarter valued at about $95,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Quantum-Si during the 4th quarter worth approximately $51,000. 39.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider John S. Vieceli sold 21,923 shares of the company'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 completion of the transaction, the insider directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Alan Hawkins sold 23,705 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 transaction of $38,165.05. Following the completion of the transaction, the chief executive officer owned 2,623,011 shares of the company's stock, valued at $4,223,047.71. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,252 shares of company stock valued at $87,346 over the last quarter. 30.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on QSI. Alliance Global Partners reissued a "buy" rating on shares of Quantum-Si in a research report on Friday, May 16th. HC Wainwright reissued a "buy" rating and set a $5.50 target price on shares of Quantum-Si in a research report on Monday, May 19th.

Quantum-Si Stock Performance

Shares of Quantum-Si stock traded up $0.10 during mid-day trading on Friday, hitting $2.08. 12,849,657 shares of the stock were exchanged, compared to its average volume of 11,293,622. Quantum-Si Incorporated has a 12 month low of $0.61 and a 12 month high of $5.77. The company has a 50-day simple moving average of $1.64 and a 200 day simple moving average of $1.73. The company has a market capitalization of $381.68 million, a P/E ratio of -3.06 and a beta of 2.89.

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