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

Key Points

• Unusual options activity: Investors purchased 20,554 Quantum-Si call options, more than 1,000% above the typical volume of 1,834 contracts.
• Shares rose 3.7% to $0.87, but the stock remains near its 12-month low and carries a consensus “Reduce” rating with a $1.00 average price target.
• Institutional investors including JPMorgan Chase and Manufacturers Life Insurance increased their holdings, while institutions and hedge funds collectively own 39.9% of Quantum-Si.

Quantum-Si Incorporated (NASDAQ:QSI - Get Free Report) saw some unusual options trading activity on Thursday. Stock investors purchased 20,554 call options on the company. This is an increase of 1,021% compared to the typical volume of 1,834 call options.

Quantum-Si Trading Up 3.7%

Shares of NASDAQ:QSI traded up $0.03 during midday trading on Thursday, hitting $0.87. 2,548,719 shares of the stock were exchanged, compared to its average volume of 4,725,390. Quantum-Si has a twelve month low of $0.69 and a twelve month high of $3.10. The company has a 50 day moving average price of $0.88 and a 200-day moving average price of $0.93. The stock has a market cap of $189.02 million, a P/E ratio of -1.70 and a beta of 3.24.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Quantum-Si from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $1.00.

Institutional Trading of Quantum-Si

Several large investors have recently modified their holdings of QSI. JPMorgan Chase & Co. lifted its position in Quantum-Si by 15.6% during the second quarter. JPMorgan Chase & Co. now owns 66,656 shares of the company's stock worth $131,000 after buying an additional 9,005 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Quantum-Si by 27.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,082 shares of the company's stock valued at $96,000 after buying an additional 10,564 shares during the period. Prudential Financial Inc. purchased a new position in shares of Quantum-Si during the 2nd quarter worth about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Quantum-Si by 23.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,552 shares of the company's stock worth $85,000 after acquiring an additional 13,546 shares during the period. Finally, Cerity Partners LLC acquired a new stake in shares of Quantum-Si in the second quarter worth approximately $29,000. 39.90% of the stock is currently owned by institutional investors and hedge funds.

Quantum-Si Company Profile

Quantum-Si Inc is a life sciences instrumentation company headquartered in Guilford, Connecticut, developing next-generation proteomics solutions based on semiconductor sequencing technology. The company’s core offering centers on a proprietary single-molecule protein sequencing platform that uses a silicon-based sensor chip to convert protein data into digital signals. This approach is designed to deliver high sensitivity, single-amino-acid resolution and deep proteome coverage while potentially reducing cost and complexity compared to traditional mass spectrometry methods.

Quantum-Si’s product roadmap includes the development and commercialization of an integrated system comprising instruments, consumable reagents and proprietary data analysis software.

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