Renaissance Technologies LLC Buys 503,400 Shares of Quantum-Si incorporated (NASDAQ:QSI)

Renaissance Technologies LLC raised its stake in shares of Quantum-Si incorporated (NASDAQ:QSI - Free Report) by 1,211.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 544,956 shares of the company's stock after purchasing an additional 503,400 shares during the period. Renaissance Technologies LLC owned approximately 0.38% of Quantum-Si worth $1,471,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company's stock worth $173,000 after purchasing an additional 133,438 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Quantum-Si by 21.3% during the 4th quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company's stock worth $728,000 after buying an additional 47,400 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Quantum-Si in the 4th quarter worth approximately $60,000. Sanctuary Advisors LLC purchased a new position in shares of Quantum-Si in the 4th quarter worth approximately $95,000. Finally, Geode Capital Management LLC grew its holdings in shares of Quantum-Si by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company's stock valued at $2,044,000 after acquiring an additional 145,091 shares in the last quarter. 39.90% of the stock is owned by institutional investors.

Quantum-Si Stock Performance

NASDAQ:QSI traded up $0.02 during trading hours on Thursday, reaching $1.16. The stock had a trading volume of 2,093,528 shares, compared to its average volume of 9,739,116. The stock has a market cap of $212.44 million, a P/E ratio of -1.81 and a beta of 2.71. The stock has a 50 day simple moving average of $1.28 and a 200 day simple moving average of $1.54. Quantum-Si incorporated has a 12-month low of $0.61 and a 12-month high of $5.77.

Insider Transactions at Quantum-Si

In related news, CEO Jeffrey Alan Hawkins sold 23,707 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $1.39, for a total transaction of $32,952.73. Following the sale, the chief executive officer now directly owns 2,646,716 shares in the company, valued at approximately $3,678,935.24. This represents a 0.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 36,650 shares of company stock worth $50,944. 30.04% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on QSI shares. Alliance Global Partners reissued a "buy" rating on shares of Quantum-Si in a research report on Wednesday, March 5th. HC Wainwright reissued a "buy" rating and issued a $5.50 price target on shares of Quantum-Si in a report on Tuesday, January 14th. Finally, National Bankshares set a $3.65 price objective on shares of Quantum-Si in a report on Wednesday, March 5th.

Quantum-Si 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.