Quantum-Si incorporated (NASDAQ:QSI - Get Free Report)'s stock price shot up 39.6% on Thursday . The company traded as high as $3.79 and last traded at $3.77. 67,820,135 shares traded hands during mid-day trading, an increase of 1,205% from the average session volume of 5,195,960 shares. The stock had previously closed at $2.70.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on QSI. HC Wainwright raised their price target on shares of Quantum-Si from $4.00 to $5.50 and gave the company a "buy" rating in a report on Thursday, November 21st. Canaccord Genuity Group lowered their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th.
Read Our Latest Analysis on QSI
Quantum-Si Price Performance
The business has a 50-day moving average of $1.32 and a 200 day moving average of $1.09. The company has a market cap of $607.96 million, a PE ratio of -6.66 and a beta of 3.20.
Insider Activity
In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm's stock in a transaction on Friday, December 27th. The stock was sold at an average price of $3.34, for a total value of $11,710,931.78. Following the transaction, the director now directly owns 1,250,000 shares of the company's stock, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 30.04% of the company's stock.
Institutional Trading of Quantum-Si
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its holdings in Quantum-Si by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company's stock valued at $339,000 after purchasing an additional 10,811 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Quantum-Si during the 2nd quarter valued at $25,000. SG Americas Securities LLC bought a new position in Quantum-Si in the 3rd quarter worth $53,000. Green Alpha Advisors LLC increased its stake in Quantum-Si by 35.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company's stock worth $154,000 after buying an additional 45,796 shares in the last quarter. Finally, Barclays PLC increased its stake in Quantum-Si by 210.5% in the 3rd quarter. Barclays PLC now owns 196,826 shares of the company's stock worth $173,000 after buying an additional 133,438 shares in the last quarter. Hedge funds and other institutional investors own 39.90% of the company's stock.
About Quantum-Si
(
Get Free Report)
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.
Featured Stories
Before you consider Quantum-Si, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quantum-Si wasn't on the list.
While Quantum-Si currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
