Quantum-Si (NASDAQ:QSI) Insider Sells $31,049.76 in Stock

Key Points

• Todd Bennett, an insider at Quantum-Si Incorporated, sold 18,482 shares at an average price of $1.68, totaling approximately $31,049.76, and now owns 700,003 shares.
• Quantum-Si's stock is currently trading at $1.61, reflecting a 0.6% increase, with a market capitalization of $326.01 million.
• The company reported a revenue of $0.59 million for the last quarter, significantly below analyst expectations of $1.28 million, and analysts anticipate a consensus earnings per share of -$0.65 for the current fiscal year.

Quantum-Si Incorporated (NASDAQ:QSI - Get Free Report) insider Todd Bennett sold 18,482 shares of the firm'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 $31,049.76. Following the transaction, the insider directly owned 700,003 shares in the company, valued at approximately $1,176,005.04. This represents a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Quantum-Si Trading Up 0.6%

QSI stock traded up $0.01 during mid-day trading on Wednesday, hitting $1.61. The stock had a trading volume of 13,158,037 shares, compared to its average volume of 11,405,648. Quantum-Si Incorporated has a 52 week low of $0.61 and a 52 week high of $5.77. The firm has a market capitalization of $326.01 million, a P/E ratio of -2.37 and a beta of 2.85. The firm has a fifty day simple moving average of $1.35 and a 200 day simple moving average of $1.45.

Quantum-Si (NASDAQ:QSI - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, meeting the consensus estimate of ($0.16). Quantum-Si had a negative net margin of 3,120.14% and a negative return on equity of 44.57%. The firm had revenue of $0.59 million for the quarter, compared to analyst estimates of $1.28 million. As a group, equities 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 reissued a "hold" rating and issued a $1.00 target price on shares of Quantum-Si in a report on Tuesday, September 9th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Quantum-Si currently has a consensus rating of "Moderate Buy" and an average price target of $3.48.

Institutional Investors Weigh In On Quantum-Si

Hedge funds have recently added to or reduced their stakes in the business. Prudential Financial Inc. acquired a new stake in Quantum-Si during the 2nd quarter worth approximately $25,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Quantum-Si in the 2nd quarter worth approximately $26,000. Cetera Investment Advisers acquired a new position in shares of Quantum-Si in the 4th quarter worth approximately $36,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Quantum-Si in the 4th quarter worth approximately $36,000. Finally, Cerity Partners LLC acquired a new position in shares of Quantum-Si in the 2nd quarter worth approximately $29,000. 39.90% of the stock is currently owned by institutional investors and hedge funds.

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.

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