Maverick Capital Ltd Sells 5,488 Shares of Infleqtion (NYSE:INFQ) Stock

Key Points

• Maverick Capital sold 5,488 Infleqtion shares on August 10 at an average price of $11.69, totaling $64,154.72. The firm has made several additional sales in August but also bought 52,071 shares on August 14 for $646,721.82.
• Infleqtion shares traded at $12.85, giving the company a market capitalization of approximately $2.8 billion. The stock has ranged from $8.52 to $27.50 over the past year and has a negative price-to-earnings ratio.
• Analyst sentiment is generally positive, with a “Moderate Buy” consensus and an average price target of $20.60, compared with the reported trading price of $12.85.

Infleqtion (NYSE:INFQ - Get Free Report) Director Maverick Capital Ltd sold 5,488 shares of the business's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $11.69, for a total value of $64,154.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 Friday, August 7th, Maverick Capital Ltd sold 6,346 shares of Infleqtion stock. The stock was sold at an average price of $11.87, for a total transaction of $75,327.02.
• 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 transaction of $89,352.13.
• On Wednesday, August 5th, Maverick Capital Ltd sold 1,324 shares of Infleqtion stock. The shares were sold at an average price of $10.88, for a total transaction of $14,405.12.
• On Tuesday, August 4th, Maverick Capital Ltd sold 28,168 shares of Infleqtion stock. The shares were sold at an average price of $11.44, for a total transaction of $322,241.92.
• On Friday, August 14th, Maverick Capital Ltd bought 52,071 shares of Infleqtion stock. The shares were acquired at an average price of $12.42 per share, with a total value of $646,721.82.
• On Friday, May 29th, Maverick Capital Ltd sold 1,797,637 shares of Infleqtion stock. The stock was sold at an average price of $16.10, for a total value of $28,941,955.70.
• On Friday, May 22nd, Maverick Capital Ltd sold 5,323,111 shares of Infleqtion stock. The shares were sold at an average price of $16.77, for a total value of $89,268,571.47.
• On Thursday, May 21st, Maverick Capital Ltd sold 6,584,519 shares of Infleqtion stock. The shares were sold at an average price of $14.69, for a total value of $96,726,584.11.

Infleqtion Stock Performance

Shares of INFQ stock traded up $0.67 during midday trading on Friday, hitting $12.85. The company had a trading volume of 11,583,313 shares, compared to its average volume of 9,595,257. The firm has a market capitalization of $2.80 billion and a PE ratio of -142.76. The stock has a 50 day simple moving average of $11.87. Infleqtion has a 52-week low of $8.52 and a 52-week high of $27.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of INFQ. Bank of New York Mellon Corp lifted 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 acquiring an additional 1,002,576 shares during the period. S&G Foundation acquired a new position in shares of Infleqtion during the 2nd quarter worth $154,164,000. Finally, Davis Asset Management L.P. purchased a new position in shares of Infleqtion in the 2nd quarter valued at about $27,783,000.

Wall Street Analysts Forecast Growth

INFQ has been the topic of several recent research reports. Canaccord Genuity Group started coverage on shares of Infleqtion in a research note on Thursday, July 2nd. They issued a "buy" rating and a $22.00 price objective on the stock. UBS Group initiated coverage on shares of Infleqtion in a research note on Wednesday, April 29th. They issued a "buy" rating for the company. Zacks Research raised shares of Infleqtion to a "hold" rating in a report on Monday, June 29th. Wedbush assumed coverage on shares of Infleqtion in a research note on Monday, August 3rd. They set an "outperform" rating and a $20.00 price target on the stock. Finally, Craig Hallum began coverage on shares of Infleqtion in a report on Wednesday, July 22nd. They set a "buy" rating and a $19.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Infleqtion currently has an average rating of "Moderate Buy" and an average price target of $20.60.

About Infleqtion

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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