Insider Buying: Quantum-Si incorporated (NASDAQ:QSI) General Counsel Buys 25,000 Shares of Stock

Quantum-Si incorporated (NASDAQ:QSI) General Counsel Christian Lapointe acquired 25,000 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $0.86 per share, with a total value of $21,500.00. Following the completion of the acquisition, the general counsel now owns 571,710 shares in the company, valued at approximately $491,670.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Quantum-Si Stock Down 3.2 %

NASDAQ:QSI opened at $0.88 on Thursday. The company has a fifty day moving average of $1.09 and a 200 day moving average of $1.50. Quantum-Si incorporated has a 52 week low of $0.73 and a 52 week high of $2.47. The firm has a market capitalization of $124.88 million, a P/E ratio of -1.35 and a beta of 2.89.

Institutional Investors Weigh In On Quantum-Si

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in Quantum-Si during the 2nd quarter valued at $25,000. Bank of New York Mellon Corp raised its holdings in Quantum-Si by 3.5% during 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 last quarter. Virtu Financial LLC bought a new stake in Quantum-Si during the 1st quarter valued at $98,000. Jacobs Levy Equity Management Inc. bought a new stake in Quantum-Si during the 1st quarter valued at $998,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Quantum-Si during the 1st quarter valued at $27,000. 39.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and issued a $4.00 price objective on shares of Quantum-Si in a report on Friday, May 10th.

Quantum-Si Company Profile

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.