Infleqtion (NYSE:INFQ) Director Sells $421,571.10 in Stock

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 33,405 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $12.62, for a total value of $421,571.10. Following the completion of the sale, the director owned 1,546,057 shares of the company’s stock, valued at approximately $19,511,239.34. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Maverick Capital Ltd also recently made the following trade(s):

• On Friday, August 21st, Maverick Capital Ltd sold 164,824 shares of Infleqtion stock. The shares were sold at an average price of $13.02, for a total value of $2,146,008.48.
• On Thursday, August 13th, Maverick Capital Ltd sold 1,609 shares of Infleqtion stock. The shares were sold at an average price of $12.19, for a total value of $19,613.71.
• On Tuesday, August 11th, Maverick Capital Ltd sold 1,079 shares of Infleqtion stock. The stock was sold at an average price of $11.82, for a total value of $12,753.78.
• On Monday, August 10th, Maverick Capital Ltd sold 5,488 shares of Infleqtion stock. The shares were sold at an average price of $11.69, for a total transaction of $64,154.72.
• On Friday, August 7th, Maverick Capital Ltd sold 6,346 shares of Infleqtion stock. The stock was sold at an average price of $11.87, for a total transaction of $75,327.02.
• On Thursday, August 6th, Maverick Capital Ltd sold 8,057 shares of Infleqtion stock. The stock was sold at an average price of $11.09, for a total transaction of $89,352.13.
• On Wednesday, August 5th, Maverick Capital Ltd sold 1,324 shares of Infleqtion stock. The shares were sold at an average price of $10.88, for a total transaction of $14,405.12.
• On Tuesday, August 4th, Maverick Capital Ltd sold 28,168 shares of Infleqtion stock. The stock was sold at an average price of $11.44, for a total transaction of $322,241.92.
• On Friday, August 14th, Maverick Capital Ltd acquired 52,071 shares of Infleqtion stock. The stock was bought at an average price of $12.42 per share, with a total value of $646,721.82.
• On Friday, May 29th, Maverick Capital Ltd sold 1,797,637 shares of Infleqtion stock. The shares were sold at an average price of $16.10, for a total value of $28,941,955.70.

Infleqtion Price Performance

INFQ stock opened at $14.08 on Monday. Infleqtion has a fifty-two week low of $8.52 and a fifty-two week high of $27.50. The stock’s 50 day moving average price is $11.78. The stock has a market cap of $3.07 billion and a P/E ratio of -93.87.

Infleqtion (NYSE:INFQ) last released its earnings results on Wednesday, August 12th. The quantum tech company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The firm had revenue of $13.54 million during the quarter. Research analysts forecast that Infleqtion will post -0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Canaccord Genuity Group assumed coverage on shares of Infleqtion in a report on Thursday, July 2nd. They set a “buy” rating and a $22.00 target price on the stock. Wedbush assumed coverage on shares of Infleqtion in a research report on Monday, August 3rd. They set an “outperform” rating and a $20.00 price target for the company. Wall Street Zen raised shares of Infleqtion from a “strong sell” rating to a “sell” rating in a research note on Saturday. Weiss Ratings started coverage on shares of Infleqtion in a research note on Wednesday, May 27th. They set a “sell (d)” rating for the company. Finally, Zacks Research upgraded shares of Infleqtion to a “hold” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Infleqtion currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Hedge Funds Weigh In On Infleqtion

Several institutional investors and hedge funds have recently modified their holdings of INFQ. Straight Path Wealth Management bought a new position in Infleqtion in the 2nd quarter worth about $193,000. Investor s Fiduciary Advisor Network LLC purchased a new stake in Infleqtion during the 2nd quarter valued at about $194,000. Secure Asset Management LLC bought a new stake in Infleqtion during the 2nd quarter valued at about $847,000. Wellington Management Group LLP bought a new stake in Infleqtion during the 2nd quarter valued at about $3,708,000. Finally, Bank of New York Mellon Corp raised its holdings in Infleqtion by 1,350.7% in the second quarter. Bank of New York Mellon Corp now owns 1,076,802 shares of the quantum tech company’s stock worth $14,343,000 after buying an additional 1,002,576 shares during the last quarter.

Infleqtion Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.