Jonathan M. Rothberg Sells 3,506,267 Shares of Quantum-Si incorporated (NASDAQ:QSI) Stock

Quantum-Si incorporated (NASDAQ:QSI) Director Jonathan M. Rothberg sold 3,506,267 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the sale, the director now directly owns 1,250,000 shares in the company, valued at $4,175,000. This trade represents a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Quantum-Si Price Performance

QSI traded down $0.63 during mid-day trading on Tuesday, hitting $2.70. The stock had a trading volume of 43,231,980 shares, compared to its average volume of 5,195,960. Quantum-Si incorporated has a 1-year low of $0.61 and a 1-year high of $4.14. The stock’s fifty day simple moving average is $1.25 and its 200-day simple moving average is $1.07. The firm has a market capitalization of $385.33 million, a price-to-earnings ratio of -4.22 and a beta of 3.20.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Canaccord Genuity Group decreased their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. HC Wainwright raised their price target on Quantum-Si from $4.00 to $5.50 and gave the company a “buy” rating in a report on Thursday, November 21st.

Hedge Funds Weigh In On Quantum-Si

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in Quantum-Si in the second quarter valued at $25,000. SG Americas Securities LLC acquired a new position in Quantum-Si during the third quarter worth $53,000. Green Alpha Advisors LLC raised its position in Quantum-Si by 35.4% during the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after acquiring an additional 45,796 shares in the last quarter. Barclays PLC lifted its stake in Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after acquiring an additional 133,438 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Quantum-Si by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after acquiring an additional 10,811 shares during the period. 39.90% of the stock is owned by institutional investors and hedge funds.

About Quantum-Si

Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.