Insider Selling: Quantum-Si (NASDAQ:QSI) Director Sells 26,095 Shares of Stock

Key Points

• Director Jonathan Rothberg sold 26,095 shares of Quantum-Si stock at an average price of $3.07, totaling approximately $80,112, which reduced his ownership by 1.35%.
• The stock price of Quantum-Si has seen significant volatility, trading down to $2.28 from a twelve-month high of $5.77.
• Several analysts have given the stock a consensus rating of "Hold" with a target price of $3.48, while recent earnings reports showed a negative return on equity of 44.57%.

Quantum-Si Incorporated (NASDAQ:QSI - Get Free Report) Director Jonathan Rothberg sold 26,095 shares of Quantum-Si stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $3.07, for a total transaction of $80,111.65. Following the sale, the director owned 1,904,866 shares in the company, valued at $5,847,938.62. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Quantum-Si Price Performance

Shares of QSI traded down $0.26 during midday trading on Friday, reaching $2.28. 20,827,539 shares of the stock were exchanged, compared to its average volume of 12,042,651. The company has a market capitalization of $461.69 million, a price-to-earnings ratio of -3.35 and a beta of 2.89. Quantum-Si Incorporated has a twelve month low of $0.61 and a twelve month high of $5.77. The business's 50-day moving average price is $1.39 and its 200 day moving average price is $1.50.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of Quantum-Si in a research note on Wednesday, October 8th. Canaccord Genuity Group reissued a "hold" rating and set a $1.00 target price on shares of Quantum-Si in a research note on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $3.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC acquired a new position in shares of Quantum-Si during the 1st quarter worth approximately $4,721,000. Geode Capital Management LLC increased its position in Quantum-Si by 15.1% during the second quarter. Geode Capital Management LLC now owns 3,447,738 shares of the company's stock worth $6,759,000 after buying an additional 452,850 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Quantum-Si by 426.6% in the second quarter. Bank of America Corp DE now owns 465,999 shares of the company's stock worth $913,000 after acquiring an additional 377,504 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Quantum-Si in the first quarter valued at $383,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Quantum-Si in the second quarter valued at $437,000. Institutional investors and hedge funds own 39.90% of the company's stock.

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.

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