Jeffrey Alan Hawkins Sells 23,705 Shares of Quantum-Si Incorporated (NASDAQ:QSI) Stock

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

Quantum-Si Stock Up 13.9%

Shares of Quantum-Si stock traded up $0.23 during trading on Tuesday, hitting $1.88. The company's stock had a trading volume of 9,790,745 shares, compared to its average volume of 11,028,780. The company has a fifty day simple moving average of $1.50 and a two-hundred day simple 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 issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.06. The company had revenue of $0.84 million during the quarter, compared to analyst estimates of $0.96 million. Quantum-Si had a negative net margin of 2,925.41% and a negative return on equity of 41.44%. As a group, sell-side analysts anticipate that Quantum-Si Incorporated will post -0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

QSI has been the subject of several analyst reports. Alliance Global Partners reissued a "buy" rating on shares of Quantum-Si in a research report on Friday, May 16th. HC Wainwright reaffirmed a "buy" rating and issued a $5.50 target price on shares of Quantum-Si in a research report on Monday, May 19th. Finally, National Bankshares set a $3.65 target price on shares of Quantum-Si in a research report on Wednesday, March 5th.

Institutional Trading of Quantum-Si

Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new stake in shares of Quantum-Si in the first quarter worth approximately $4,721,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Quantum-Si by 23.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,552 shares of the company's stock valued at $85,000 after purchasing an additional 13,546 shares in the last quarter. Corebridge Financial Inc. lifted its holdings in Quantum-Si by 18.2% during the first quarter. Corebridge Financial Inc. now owns 58,876 shares of the company's stock valued at $71,000 after purchasing an additional 9,086 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of Quantum-Si during the first quarter valued at approximately $91,000. Finally, Russell Investments Group Ltd. raised its position in shares of Quantum-Si by 322.6% during the first quarter. Russell Investments Group Ltd. now owns 38,257 shares of the company's stock valued at $46,000 after buying an additional 29,204 shares during the last quarter. 39.90% of the stock is currently owned by institutional investors.

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.

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