Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd Sells 1,079 Shares of Stock

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 1,079 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $11.82, for a total transaction of $12,753.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, August 13th, Maverick Capital Ltd sold 1,609 shares of Infleqtion stock. The stock was sold at an average price of $12.19, for a total value of $19,613.71.
• On Monday, August 10th, Maverick Capital Ltd sold 5,488 shares of Infleqtion stock. The stock was sold at an average price of $11.69, for a total value of $64,154.72.
• On Friday, August 7th, Maverick Capital Ltd sold 6,346 shares of Infleqtion stock. The shares were sold at an average price of $11.87, for a total value 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 value of $89,352.13.
• On Wednesday, August 5th, Maverick Capital Ltd sold 1,324 shares of Infleqtion stock. The stock was sold at an average price of $10.88, for a total value 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 value of $322,241.92.
• On Friday, August 14th, Maverick Capital Ltd acquired 52,071 shares of Infleqtion stock. The shares were acquired at an average price of $12.42 per share, for a total transaction 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.
• On Friday, May 22nd, Maverick Capital Ltd sold 5,323,111 shares of Infleqtion stock. The shares were sold at an average price of $16.77, for a total value of $89,268,571.47.
• On Thursday, May 21st, Maverick Capital Ltd sold 6,584,519 shares of Infleqtion stock. The stock was sold at an average price of $14.69, for a total value of $96,726,584.11.

Infleqtion Trading Up 5.5%

INFQ stock traded up $0.67 during mid-day trading on Friday, hitting $12.85. 11,583,313 shares of the company were exchanged, compared to its average volume of 9,595,257. Infleqtion has a 1-year low of $8.52 and a 1-year high of $27.50. The business has a 50 day simple moving average of $11.87. The company has a market cap of $2.80 billion and a price-to-earnings ratio of -142.76.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of INFQ. Bank of New York Mellon Corp grew its stake 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 valued at $14,343,000 after purchasing an additional 1,002,576 shares in the last quarter. Davis Asset Management L.P. acquired a new position in shares of Infleqtion during the 2nd quarter worth approximately $27,783,000. Finally, S&G Foundation bought a new stake in shares of Infleqtion during the 2nd quarter worth approximately $154,164,000.

Analyst Ratings Changes

Several equities research analysts recently commented on INFQ shares. Canaccord Genuity Group initiated coverage on shares of Infleqtion in a research report on Thursday, July 2nd. They issued a “buy” rating and a $22.00 price objective on the stock. Zacks Research raised Infleqtion to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings initiated coverage on Infleqtion in a report on Wednesday, May 27th. They issued a “sell (d)” rating on the stock. Craig Hallum began coverage on Infleqtion in a report on Wednesday, July 22nd. They set a “buy” rating and a $19.00 price objective for the company. Finally, UBS Group began coverage on Infleqtion in a research report on Wednesday, April 29th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.60.

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.