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

Renaissance Technologies LLC boosted its holdings in Quantum-Si incorporated (NASDAQ:QSI - Free Report) by 1,211.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 544,956 shares of the company's stock after purchasing an additional 503,400 shares during the quarter. Renaissance Technologies LLC owned 0.38% of Quantum-Si worth $1,471,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new position in Quantum-Si in the fourth quarter valued at about $26,000. Abel Hall LLC acquired a new position in shares of Quantum-Si in the 4th quarter valued at approximately $28,000. Dudley Capital Management LLC acquired a new stake in shares of Quantum-Si during the 4th quarter worth approximately $30,000. Bravias Capital Group LLC acquired a new stake in shares of Quantum-Si during the 4th quarter worth approximately $55,000. Finally, SBI Securities Co. Ltd. bought a new position in Quantum-Si in the fourth quarter valued at approximately $60,000. Institutional investors own 39.90% of the company's stock.

Quantum-Si Stock Up 8.6 %

Shares of NASDAQ:QSI traded up $0.10 during trading on Friday, hitting $1.26. 4,413,467 shares of the company were exchanged, compared to its average volume of 9,826,974. Quantum-Si incorporated has a 1-year low of $0.61 and a 1-year high of $5.77. The company has a market capitalization of $230.76 million, a P/E ratio of -1.97 and a beta of 2.71. The business's 50 day moving average is $1.27 and its 200-day moving average is $1.55.

Insider Buying and Selling

In other Quantum-Si news, CEO Jeffrey Alan Hawkins sold 23,707 shares of the business'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 of the company's stock, valued at $3,678,935.24. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 36,650 shares of company stock worth $50,944 in the last 90 days. Insiders own 30.04% of the company's stock.

Analyst Upgrades and Downgrades

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