Paula Dowdy Acquires 109,890 Shares of Quantum-Si (NASDAQ:QSI) Stock

Quantum-Si Incorporated (NASDAQ:QSI) Director Paula Dowdy purchased 109,890 shares of the stock in a transaction dated Thursday, March 5th. The shares were acquired at an average price of $0.95 per share, with a total value of $104,395.50. Following the transaction, the director owned 269,107 shares in the company, valued at $255,651.65. This trade represents a 69.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Quantum-Si Price Performance

QSI opened at $1.04 on Wednesday. The firm has a 50 day simple moving average of $1.09 and a 200 day simple moving average of $1.37. Quantum-Si Incorporated has a fifty-two week low of $0.84 and a fifty-two week high of $3.10. The company has a market cap of $224.11 million, a price-to-earnings ratio of -2.00 and a beta of 3.00.

Quantum-Si (NASDAQ:QSI) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. Quantum-Si had a negative net margin of 4,160.06% and a negative return on equity of 43.90%. The firm had revenue of $0.45 million for the quarter, compared to analysts’ expectations of $0.76 million. As a group, analysts expect that Quantum-Si Incorporated will post -0.65 EPS for the current year.

Hedge Funds Weigh In On Quantum-Si

A number of hedge funds and other institutional investors have recently made changes to their positions in QSI. Virtu Financial LLC acquired a new position in shares of Quantum-Si in the 4th quarter valued at $262,000. Invesco Ltd. raised its stake in Quantum-Si by 36.2% during the 4th quarter. Invesco Ltd. now owns 402,821 shares of the company’s stock worth $443,000 after buying an additional 107,093 shares during the period. XTX Topco Ltd lifted its holdings in Quantum-Si by 206.9% during the fourth quarter. XTX Topco Ltd now owns 461,982 shares of the company’s stock worth $508,000 after acquiring an additional 311,450 shares in the last quarter. Quadrature Capital Ltd bought a new position in Quantum-Si during the fourth quarter worth about $305,000. Finally, Barclays PLC grew its stake in Quantum-Si by 21.8% in the fourth quarter. Barclays PLC now owns 269,415 shares of the company’s stock valued at $296,000 after acquiring an additional 48,205 shares during the period. 39.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

QSI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum-Si in a research note on Monday, December 29th. Canaccord Genuity Group reduced their target price on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Quantum-Si has a consensus rating of “Hold” and an average price target of $3.25.

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.