Stock Traders Purchase High Volume of Call Options on Quantum-Si (NASDAQ:QSI)

Quantum-Si Incorporated (NASDAQ:QSI - Get Free Report) was the target of unusually large options trading on Wednesday. Stock traders bought 6,504 call options on the stock. This represents an increase of approximately 67% compared to the typical daily volume of 3,884 call options.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Alliance Global Partners restated a "buy" rating on shares of Quantum-Si in a report on Friday, May 16th. HC Wainwright restated a "buy" rating and issued a $5.50 price objective on shares of Quantum-Si in a report on Monday, May 19th. Finally, National Bankshares set a $3.65 target price on Quantum-Si in a research note on Wednesday, March 5th.

Insiders Place Their Bets

In other news, insider John S. Vieceli sold 21,923 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $1.61, for a total transaction of $35,296.03. Following the transaction, the insider now owns 842,586 shares in the company, valued at $1,356,563.46. This trade represents a 2.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Alan Hawkins sold 23,705 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $1.61, for a total value of $38,165.05. Following the transaction, the chief executive officer now owns 2,623,011 shares in the company, valued at $4,223,047.71. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,252 shares of company stock worth $87,346. Corporate insiders own 30.04% of the company's stock.

Institutional Trading of Quantum-Si

Hedge funds and other institutional investors have recently modified their holdings of the business. Wolverine Asset Management LLC acquired a new stake in shares of Quantum-Si during the 4th quarter worth about $26,000. Dudley Capital Management LLC acquired a new stake in shares of Quantum-Si during the 4th quarter worth about $30,000. Jump Financial LLC acquired a new stake in shares of Quantum-Si during the 4th quarter worth about $33,000. Cetera Investment Advisers purchased a new position in Quantum-Si during the 4th quarter valued at about $36,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Quantum-Si during the 4th quarter valued at about $36,000. 39.90% of the stock is owned by institutional investors and hedge funds.

Quantum-Si Stock Up 1.5%

Shares of QSI traded up $0.03 during midday trading on Thursday, reaching $2.05. The company had a trading volume of 7,935,852 shares, compared to its average volume of 11,111,116. Quantum-Si has a 1-year low of $0.61 and a 1-year high of $5.77. The firm has a 50 day simple moving average of $1.53 and a 200-day simple moving average of $1.72.

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

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.