Quantum-Si Incorporated (NASDAQ:QSI) CEO Sells $38,165.05 in Stock

Quantum-Si Incorporated (NASDAQ:QSI - Get Free Report) CEO Jeffrey Alan Hawkins sold 23,705 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $1.61, for a total value of $38,165.05. Following the completion of the transaction, the chief executive officer now directly owns 2,623,011 shares in the company, valued at $4,223,047.71. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Quantum-Si Trading Down 4.9%

Shares of QSI stock traded down $0.10 during trading on Friday, hitting $1.95. The company's stock had a trading volume of 6,543,763 shares, compared to its average volume of 11,094,178. The company has a market cap of $357.83 million, a PE ratio of -2.88 and a beta of 2.87. The business has a fifty day moving average of $1.55 and a 200-day moving average of $1.72. Quantum-Si Incorporated has a 52 week low of $0.61 and a 52 week high of $5.77.

Quantum-Si (NASDAQ:QSI - Get Free Report) last posted its quarterly earnings data 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. Quantum-Si had a negative return on equity of 41.44% and a negative net margin of 2,925.41%. The business had revenue of $0.84 million for the quarter, compared to analysts' expectations of $0.96 million. As a group, research analysts predict that Quantum-Si Incorporated will post -0.65 EPS for the current year.

Hedge Funds Weigh In On Quantum-Si

Several institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new stake in Quantum-Si in the first quarter worth about $4,721,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Quantum-Si by 23.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,552 shares of the company's stock worth $85,000 after purchasing an additional 13,546 shares during the last quarter. Corebridge Financial Inc. raised its holdings in shares of Quantum-Si by 18.2% in the 1st quarter. Corebridge Financial Inc. now owns 58,876 shares of the company's stock worth $71,000 after purchasing an additional 9,086 shares during the period. MetLife Investment Management LLC bought a new stake in shares of Quantum-Si in the 1st quarter worth approximately $91,000. Finally, Russell Investments Group Ltd. lifted its stake in Quantum-Si by 322.6% in the first quarter. Russell Investments Group Ltd. now owns 38,257 shares of the company's stock valued at $46,000 after purchasing an additional 29,204 shares during the last quarter. Institutional investors own 39.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. HC Wainwright reissued a "buy" rating and set a $5.50 target price on shares of Quantum-Si in a research note on Monday, May 19th. Alliance Global Partners reiterated a "buy" rating on shares of Quantum-Si in a report on Friday, May 16th. Finally, National Bankshares set a $3.65 target price on Quantum-Si in a research note on Wednesday, March 5th.

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.