Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd Sells 6,346 Shares of Stock

Key Points

• Maverick Capital sold 6,346 Infleqtion shares at an average price of $11.87, generating approximately $75,327 in proceeds in an SEC-reported transaction.
• The director has made multiple recent sales, including more than 13.7 million shares sold in May for roughly $215 million, but also acquired 52,071 shares on August 14 for about $646,722.
• Infleqtion shares recently traded at $12.85, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $20.60.

Infleqtion (NYSE:INFQ - Get Free Report) Director Maverick Capital Ltd sold 6,346 shares of Infleqtion stock in a transaction on Friday, August 7th. The stock was sold at an average price of $11.87, for a total value of $75,327.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Maverick Capital Ltd also recently made the following trade(s):

• On Thursday, August 13th, Maverick Capital Ltd sold 1,609 shares of Infleqtion stock. The stock was sold at an average price of $12.19, for a total value of $19,613.71.
• On Tuesday, August 11th, Maverick Capital Ltd sold 1,079 shares of Infleqtion stock. The shares were sold at an average price of $11.82, for a total value of $12,753.78.
• On Monday, August 10th, Maverick Capital Ltd sold 5,488 shares of Infleqtion stock. The shares were sold at an average price of $11.69, for a total value of $64,154.72.
• On Thursday, August 6th, Maverick Capital Ltd sold 8,057 shares of Infleqtion stock. The shares were sold at an average price of $11.09, for a total value of $89,352.13.
• On Wednesday, August 5th, Maverick Capital Ltd sold 1,324 shares of Infleqtion stock. The stock was sold at an average price of $10.88, for a total value of $14,405.12.
• On Tuesday, August 4th, Maverick Capital Ltd sold 28,168 shares of Infleqtion stock. The stock was sold at an average price of $11.44, for a total transaction of $322,241.92.
• On Friday, August 14th, Maverick Capital Ltd acquired 52,071 shares of Infleqtion stock. The stock was acquired at an average cost of $12.42 per share, for a total transaction of $646,721.82.
• On Friday, May 29th, Maverick Capital Ltd sold 1,797,637 shares of Infleqtion stock. The shares were sold at an average price of $16.10, for a total transaction of $28,941,955.70.
• On Friday, May 22nd, Maverick Capital Ltd sold 5,323,111 shares of Infleqtion stock. The stock was sold at an average price of $16.77, for a total transaction of $89,268,571.47.
• On Thursday, May 21st, Maverick Capital Ltd sold 6,584,519 shares of Infleqtion stock. The stock was sold at an average price of $14.69, for a total transaction of $96,726,584.11.

Infleqtion Price Performance

Shares of NYSE INFQ traded up $0.67 on Friday, hitting $12.85. The company's stock had a trading volume of 11,583,313 shares, compared to its average volume of 9,595,257. Infleqtion has a 12-month low of $8.52 and a 12-month high of $27.50. The stock has a market cap of $2.80 billion and a P/E ratio of -142.76. The company has a 50 day simple moving average of $11.87.

Institutional Trading of Infleqtion

Hedge funds have recently bought and sold shares of the company. S&G Foundation acquired a new position in Infleqtion in the 2nd quarter valued at $154,164,000. Davis Asset Management L.P. acquired a new stake in shares of Infleqtion in the second quarter worth approximately $27,783,000. Finally, Bank of New York Mellon Corp grew its holdings in Infleqtion by 1,350.7% in the second quarter. Bank of New York Mellon Corp now owns 1,076,802 shares of the quantum tech company's stock valued at $14,343,000 after purchasing an additional 1,002,576 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on INFQ shares. Wedbush began coverage on Infleqtion in a research note on Monday, August 3rd. They issued an "outperform" rating and a $20.00 target price on the stock. Craig Hallum initiated coverage on Infleqtion in a research report on Wednesday, July 22nd. They set a "buy" rating and a $19.00 price target for the company. Wall Street Zen downgraded Infleqtion from a "sell" rating to a "strong sell" rating in a research report on Saturday, July 18th. Canaccord Genuity Group started coverage on Infleqtion in a report on Thursday, July 2nd. They issued a "buy" rating and a $22.00 price target for the company. Finally, Weiss Ratings assumed coverage on Infleqtion in a research report on Wednesday, May 27th. They issued a "sell (d)" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Infleqtion presently has a consensus rating of "Moderate Buy" and an average target price of $20.60.

Infleqtion Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

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