Quantum-Si (NASDAQ:QSI) Trading Down 4.8% – Here’s What Happened

Quantum-Si incorporated (NASDAQ:QSI) dropped 4.8% on Thursday . The stock traded as low as $2.26 and last traded at $2.27. Approximately 4,649,625 shares traded hands during trading, a decline of 91% from the average daily volume of 50,008,770 shares. The stock had previously closed at $2.38.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on QSI. HC Wainwright reissued a “buy” rating and issued a $5.50 price target on shares of Quantum-Si in a research report on Tuesday, January 14th. Canaccord Genuity Group reduced their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a report on Wednesday, November 13th.

Quantum-Si Stock Down 4.6 %

The stock has a 50-day simple moving average of $1.99 and a 200-day simple moving average of $1.29. The firm has a market capitalization of $328.23 million, a PE ratio of -3.59 and a beta of 2.74.

Insider Buying and Selling

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the business’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the completion of the transaction, the director now directly owns 1,250,000 shares in the company, valued at $4,175,000. The trade was a 73.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 30.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Quantum-Si

A number of institutional investors and hedge funds have recently bought and sold shares of QSI. XTX Topco Ltd purchased a new stake in Quantum-Si during the second quarter valued at about $25,000. SG Americas Securities LLC purchased a new position in shares of Quantum-Si during the 3rd quarter valued at about $53,000. Green Alpha Advisors LLC lifted its position 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 during the last quarter. Barclays PLC boosted its stake in Quantum-Si by 210.5% in the third 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. Finally, Geode Capital Management LLC grew its position in Quantum-Si by 6.7% during 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 during the last quarter. 39.90% of the stock is owned by hedge funds and other institutional investors.

About Quantum-Si

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.