Quantum-Si (NASDAQ:QSI) Shares Down 11.8% – Here’s What Happened

Quantum-Si incorporated (NASDAQ:QSI) fell 11.8% during mid-day trading on Monday . The company traded as low as $2.20 and last traded at $2.24. 23,045,930 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 53,240,412 shares. The stock had previously closed at $2.54.

Analyst Ratings Changes

Several research firms recently issued reports on QSI. HC Wainwright reissued a “buy” rating and issued a $5.50 target price on shares of Quantum-Si in a research report on Tuesday, January 14th. Canaccord Genuity Group reduced their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th.

Quantum-Si Trading Down 11.8 %

The company has a market cap of $319.67 million, a PE ratio of -3.50 and a beta of 2.74. The firm’s fifty day moving average is $1.83 and its 200 day moving average is $1.24.

Insiders Place Their Bets

In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the transaction, the director now owns 1,250,000 shares in the company, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 30.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Quantum-Si

Several institutional investors and hedge funds have recently bought and sold shares of QSI. Geode Capital Management LLC boosted its stake in shares of Quantum-Si by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after purchasing an additional 145,091 shares during the period. Bank of New York Mellon Corp boosted its position in 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 buying an additional 10,811 shares during the period. Barclays PLC increased its position in shares of Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after acquiring an additional 133,438 shares during the period. Green Alpha Advisors LLC grew its stake in Quantum-Si by 35.4% during the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after purchasing an additional 45,796 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Quantum-Si by 12.4% during the 4th quarter. SG Americas Securities LLC now owns 67,588 shares of the company’s stock worth $182,000 after purchasing an additional 7,470 shares during the period. 39.90% of the stock is currently owned by hedge funds and other institutional investors.

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.