John S. Vieceli Sells 21,923 Shares of Quantum-Si Incorporated (NASDAQ:QSI) Stock

Quantum-Si Incorporated (NASDAQ:QSI - Get Free Report) insider John S. Vieceli sold 21,923 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $1.61, for a total value of $35,296.03. Following the transaction, the insider now directly owns 842,586 shares of the company's stock, valued at approximately $1,356,563.46. This trade represents a 2.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Quantum-Si Trading Up 13.9%

Quantum-Si stock traded up $0.23 during mid-day trading on Tuesday, hitting $1.88. 9,790,745 shares of the company's stock traded hands, compared to its average volume of 11,028,780. The firm has a 50 day simple moving average of $1.50 and a two-hundred day simple moving average of $1.72. Quantum-Si Incorporated has a fifty-two week low of $0.61 and a fifty-two week high of $5.77.

Quantum-Si (NASDAQ:QSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $0.96 million. Research analysts forecast that Quantum-Si Incorporated will post -0.65 EPS for the current year.

Institutional Investors Weigh In On Quantum-Si

Several hedge funds have recently added to or reduced their stakes in QSI. Wolverine Asset Management LLC acquired a new stake in shares of Quantum-Si during the fourth quarter worth $26,000. WestHill Financial Advisors Inc. acquired a new stake in shares of Quantum-Si during the first quarter worth $26,000. HBW Advisory Services LLC acquired a new stake in shares of Quantum-Si during the first quarter worth $29,000. Dudley Capital Management LLC acquired a new stake in shares of Quantum-Si during the fourth quarter worth $30,000. Finally, Jump Financial LLC acquired a new stake in shares of Quantum-Si during the fourth quarter worth $33,000. Institutional investors and hedge funds own 39.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on QSI. HC Wainwright reissued a "buy" rating and issued a $5.50 price objective on shares of Quantum-Si in a report on Monday, May 19th. Alliance Global Partners reissued a "buy" rating on shares of Quantum-Si in a report on Friday, May 16th. Finally, National Bankshares set a $3.65 price objective on Quantum-Si in a report 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.