Quantum-Si Incorporated (NASDAQ:QSI) CFO Sells $13,884.64 in Stock

Quantum-Si Incorporated (NASDAQ:QSI - Get Free Report) CFO Jeffry R. Keyes sold 8,624 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $1.61, for a total transaction of $13,884.64. Following the completion of the transaction, the chief financial officer now directly owns 1,179,570 shares in the company, valued at $1,899,107.70. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Quantum-Si Stock Up 13.9%

QSI stock traded up $0.23 during mid-day trading on Tuesday, reaching $1.88. 9,790,745 shares of the stock traded hands, compared to its average volume of 11,028,780. Quantum-Si Incorporated has a 52 week low of $0.61 and a 52 week high of $5.77. The business has a 50-day moving average of $1.50 and a two-hundred day moving average of $1.72.

Quantum-Si (NASDAQ:QSI - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.06. Quantum-Si had a negative net margin of 2,925.41% and a negative return on equity of 41.44%. The company had revenue of $0.84 million during the quarter, compared to analysts' expectations of $0.96 million. As a group, equities research analysts anticipate that Quantum-Si Incorporated will post -0.65 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QSI. Rhumbline Advisers lifted its stake in Quantum-Si by 3.7% during the fourth quarter. Rhumbline Advisers now owns 148,946 shares of the company's stock worth $402,000 after purchasing an additional 5,298 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Quantum-Si during the 4th quarter worth approximately $95,000. Wolverine Asset Management LLC acquired a new stake in Quantum-Si in the 4th quarter valued at $26,000. Bank of New York Mellon Corp grew its position in Quantum-Si by 21.3% in the fourth quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company's stock valued at $728,000 after acquiring an additional 47,400 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Quantum-Si during the fourth quarter worth $60,000. Institutional investors own 39.90% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on QSI. HC Wainwright reaffirmed a "buy" rating and issued a $5.50 price target 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 price objective on shares of 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.

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