ARK Investment Management LLC Boosts Position in Quantum-Si incorporated (NASDAQ:QSI)

ARK Investment Management LLC grew its stake in shares of Quantum-Si incorporated (NASDAQ:QSI - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,519,322 shares of the company's stock after buying an additional 1,071,105 shares during the quarter. ARK Investment Management LLC owned approximately 10.95% of Quantum-Si worth $31,194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Quantum-Si by 424.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,532,917 shares of the company's stock valued at $14,165,000 after buying an additional 6,905,932 shares during the period. BlackRock Inc. lifted its holdings in Quantum-Si by 16.7% in the second quarter. BlackRock Inc. now owns 7,101,978 shares of the company's stock valued at $12,713,000 after buying an additional 1,018,153 shares during the period. Vanguard Group Inc. lifted its holdings in Quantum-Si by 6.7% in the third quarter. Vanguard Group Inc. now owns 4,920,922 shares of the company's stock valued at $13,533,000 after buying an additional 308,343 shares during the period. State Street Corp lifted its holdings in Quantum-Si by 25.4% in the second quarter. State Street Corp now owns 2,083,293 shares of the company's stock valued at $3,729,000 after buying an additional 422,554 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Quantum-Si by 7.5% in the second quarter. Geode Capital Management LLC now owns 1,858,730 shares of the company's stock valued at $3,327,000 after buying an additional 130,091 shares during the period. Institutional investors own 39.90% of the company's stock.

Insider Buying and Selling

In other news, CFO Jeffry R. Keyes bought 50,000 shares of Quantum-Si stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of $1.61 per share, with a total value of $80,500.00. Following the completion of the purchase, the chief financial officer now owns 50,000 shares in the company, valued at approximately $80,500. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Quantum-Si news, CFO Jeffry R. Keyes bought 50,000 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were acquired at an average price of $1.61 per share, with a total value of $80,500.00. Following the transaction, the chief financial officer now owns 50,000 shares of the company's stock, valued at approximately $80,500. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Alan Hawkins purchased 25,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $1.76 per share, for a total transaction of $44,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 25,000 shares in the company, valued at approximately $44,000. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 85,000 shares of company stock worth $141,900. 29.03% of the stock is owned by insiders.

Quantum-Si Stock Up 4.2 %

Shares of NASDAQ:QSI traded up $0.08 on Thursday, hitting $1.97. The company had a trading volume of 759,608 shares, compared to its average volume of 774,081. The firm's 50-day simple moving average is $1.72 and its two-hundred day simple moving average is $1.67. Quantum-Si incorporated has a 1 year low of $1.12 and a 1 year high of $3.90. The firm has a market capitalization of $279.29 million, a price-to-earnings ratio of -2.90 and a beta of 3.00.

Quantum-Si (NASDAQ:QSI - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) earnings per share for the quarter, meeting the consensus estimate of ($0.16). Quantum-Si had a negative net margin of 8,868.76% and a negative return on equity of 30.65%. The firm had revenue of $0.40 million during the quarter, compared to analysts' expectations of $0.30 million. Equities research analysts anticipate that Quantum-Si incorporated will post -0.87 EPS for the current year.

Analyst Ratings Changes

Separately, HC Wainwright upped their price objective on shares of Quantum-Si from $3.00 to $4.00 and gave the company a "buy" rating in a report on Friday, March 1st.

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.