Quantum-Si (NASDAQ:QSI) Insider John Vieceli Sells 9,843 Shares

Key Points

• Quantum-Si insider John Vieceli sold 9,843 shares of stock at an average price of $1.68, resulting in a total transaction of $16,536.24.
• The company reported a negative net margin of 3,120.14% and a negative return on equity of 44.57% for the recent quarter.
• Market analysts currently give Quantum-Si a consensus rating of "Moderate Buy" with a target price of $3.48.

Quantum-Si Incorporated (NASDAQ:QSI - Get Free Report) insider John Vieceli sold 9,843 shares of the company's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $1.68, for a total transaction of $16,536.24. Following the sale, the insider directly owned 832,743 shares of the company's stock, valued at $1,399,008.24. This represents a 1.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Quantum-Si Price Performance

QSI traded up $0.01 on Wednesday, hitting $1.61. 13,158,037 shares of the stock were exchanged, compared to its average volume of 11,405,648. Quantum-Si Incorporated has a 12 month low of $0.61 and a 12 month high of $5.77. The business has a 50-day moving average of $1.35 and a two-hundred day moving average of $1.45. The firm has a market capitalization of $326.01 million, a price-to-earnings ratio of -2.37 and a beta of 2.85.

Quantum-Si (NASDAQ:QSI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) earnings per share for the quarter, hitting the consensus estimate of ($0.16). The business had revenue of $0.59 million during the quarter, compared to analysts' expectations of $1.28 million. Quantum-Si had a negative net margin of 3,120.14% and a negative return on equity of 44.57%. Equities research analysts expect that Quantum-Si Incorporated will post -0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a "hold" rating and issued a $1.00 price objective on shares of Quantum-Si in a research note on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $3.48.

Institutional Trading of Quantum-Si

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in Quantum-Si during the 4th quarter valued at approximately $51,000. Nuveen LLC acquired a new stake in shares of Quantum-Si during the 1st quarter worth approximately $383,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Quantum-Si during the 4th quarter worth approximately $36,000. Cetera Investment Advisers acquired a new stake in shares of Quantum-Si during the 4th quarter worth approximately $36,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Quantum-Si during the 4th quarter worth approximately $412,000. Institutional investors and hedge funds own 39.90% of the company's stock.

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.

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.