Quantum-Si incorporated (NASDAQ:QSI) CFO Sells $11,990.14 in Stock

Quantum-Si incorporated (NASDAQ:QSI) CFO Jeffry R. Keyes sold 8,626 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $1.39, for a total transaction of $11,990.14. Following the completion of the sale, the chief financial officer now directly owns 1,188,194 shares of the company’s stock, valued at $1,651,589.66. This represents a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Quantum-Si Trading Up 1.7 %

QSI traded up $0.03 during trading on Monday, hitting $1.48. The stock had a trading volume of 7,168,237 shares, compared to its average volume of 9,480,965. Quantum-Si incorporated has a 12 month low of $0.61 and a 12 month high of $5.77. The firm has a market cap of $271.05 million, a PE ratio of -2.31 and a beta of 2.75. The company has a 50 day simple moving average of $1.79 and a 200-day simple moving average of $1.48.

Wall Street Analysts Forecast Growth

QSI has been the subject of several analyst reports. National Bankshares set a $3.65 price objective on shares of Quantum-Si in a research note on Wednesday, March 5th. Alliance Global Partners reissued a “buy” rating on shares of Quantum-Si in a report on Wednesday, March 5th. Finally, HC Wainwright reissued a “buy” rating and issued a $5.50 price objective on shares of Quantum-Si in a research note on Tuesday, January 14th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its position in 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. SBI Securities Co. Ltd. bought a new position in shares of Quantum-Si during the 4th quarter worth about $60,000. Sanctuary Advisors LLC bought a new stake in shares of Quantum-Si in the fourth quarter valued at about $95,000. Geode Capital Management LLC grew its position in Quantum-Si by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock worth $2,044,000 after buying an additional 145,091 shares in the last quarter. Finally, Bravias Capital Group LLC bought a new position in Quantum-Si during the fourth quarter valued at about $55,000. 39.90% of the stock is owned by 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.