Infleqtion (NYSE:INFQ) Director Sells $322,241.92 in Stock

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 28,168 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $11.44, for a total value of $322,241.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 Tuesday, August 11th, Maverick Capital Ltd sold 1,079 shares of Infleqtion stock. The shares were 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 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 stock was 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 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 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 transaction of $28,941,955.70.
• On Friday, May 22nd, Maverick Capital Ltd sold 5,323,111 shares of Infleqtion stock. The stock was sold at an average price of $16.77, for a total transaction 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 transaction of $96,726,584.11.

Infleqtion Trading Up 5.5%

NYSE:INFQ traded up $0.67 during trading hours on Friday, reaching $12.85. The company had a trading volume of 11,583,313 shares, compared to its average volume of 9,595,257. The company has a market capitalization of $2.80 billion and a price-to-earnings ratio of -142.76. The stock has a 50-day moving average price of $11.87. Infleqtion has a twelve month low of $8.52 and a twelve month high of $27.50.

Wall Street Analysts Forecast Growth

INFQ has been the subject of a number of research analyst reports. Wall Street Zen lowered Infleqtion from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Craig Hallum assumed coverage on Infleqtion in a report on Wednesday, July 22nd. They issued a “buy” rating and a $19.00 price target on the stock. Wedbush began coverage on 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 Infleqtion to a “hold” rating in a report on Monday, June 29th. Finally, UBS Group began coverage on Infleqtion in a research report on Wednesday, April 29th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.60.

Institutional Investors Weigh In On Infleqtion

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in Infleqtion by 1,350.7% during the 2nd 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 acquiring an additional 1,002,576 shares in the last quarter. Davis Asset Management L.P. bought a new stake in shares of Infleqtion in the 2nd quarter worth $27,783,000. Finally, S&G Foundation bought a new stake in shares of Infleqtion in the 2nd quarter worth $154,164,000.

About Infleqtion

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.