Infleqtion $INFQ Shares Purchased by Steinberganna Wealth Management

Steinberganna Wealth Management grew its holdings in Infleqtion (NYSE:INFQ) by 65.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,260 shares of the quantum tech company’s stock after purchasing an additional 66,877 shares during the quarter. Infleqtion comprises about 1.0% of Steinberganna Wealth Management’s portfolio, making the stock its 19th biggest position. Steinberganna Wealth Management’s holdings in Infleqtion were worth $2,280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INFQ. Sterling Capital Management LLC boosted its position in shares of Infleqtion by 116.2% during the 3rd quarter. Sterling Capital Management LLC now owns 2,908 shares of the quantum tech company’s stock valued at $39,000 after purchasing an additional 1,563 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Infleqtion during the second quarter worth approximately $41,000. NewEdge Advisors LLC bought a new stake in Infleqtion in the second quarter worth approximately $56,000. McGuire Investment Group LLC increased its holdings in Infleqtion by 37.4% in the third quarter. McGuire Investment Group LLC now owns 36,865 shares of the quantum tech company’s stock worth $497,000 after purchasing an additional 10,040 shares in the last quarter. Finally, Arizona State Retirement System bought a new stake in Infleqtion in the second quarter worth approximately $183,000.

Analysts Set New Price Targets

INFQ has been the topic of several recent analyst reports. Citigroup boosted their price target on Infleqtion from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Wall Street Zen downgraded shares of Infleqtion from a “sell” rating to a “strong sell” rating in a research report on Saturday. Wedbush initiated coverage on shares of Infleqtion in a research note on Monday, August 3rd. They issued an “outperform” rating and a $20.00 price objective for the company. Zacks Research upgraded shares of Infleqtion to a “hold” rating in a research note on Monday, June 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Infleqtion in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.43.

Insider Transactions at Infleqtion

In other Infleqtion news, Director Maverick Capital Ltd sold 164,824 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $13.02, for a total value of $2,146,008.48. Following the completion of the sale, the director owned 1,381,233 shares of the company’s stock, valued at approximately $17,983,653.66. This trade represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 250,300 shares of company stock valued at $3,165,428 in the last 90 days.

Infleqtion Stock Performance

Shares of INFQ opened at $8.77 on Monday. The company has a 50-day moving average price of $12.36. The firm has a market cap of $1.98 billion, a P/E ratio of -58.43 and a beta of 4.26. Infleqtion has a one year low of $8.38 and a one year high of $24.22.

Infleqtion (NYSE:INFQ) last issued 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 company had revenue of $13.54 million during the quarter. Equities research analysts predict that Infleqtion will post -0.24 earnings per share for the current fiscal year.

Infleqtion 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.