Infleqtion (NYSE:INFQ) Director Sells $96,726,584.11 in Stock

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 6,584,519 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $14.69, for a total transaction of $96,726,584.11. 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 Friday, May 22nd, Maverick Capital Ltd sold 5,323,111 shares of Infleqtion stock. The shares were sold at an average price of $16.77, for a total value of $89,268,571.47.

Infleqtion Trading Down 2.9%

Shares of INFQ stock traded down $0.48 during trading hours on Tuesday, hitting $15.87. The company had a trading volume of 33,475,397 shares, compared to its average volume of 6,881,982. Infleqtion has a 12 month low of $8.52 and a 12 month high of $27.50. The firm has a market cap of $3.44 billion and a P/E ratio of -176.33.

Infleqtion (NYSE:INFQ) last posted its earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) EPS for the quarter.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wall Street Zen raised Infleqtion to a “sell” rating in a report on Saturday, April 18th. BTIG Research assumed coverage on shares of Infleqtion in a research report on Friday, April 10th. They set a “buy” rating and a $22.00 target price for the company. Citigroup started coverage on shares of Infleqtion in a report on Tuesday, April 14th. They set a “buy” rating and a $20.00 price target for the company. Finally, UBS Group began coverage on shares of Infleqtion in a research report on Wednesday, April 29th. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Infleqtion currently has an average rating of “Buy” and a consensus price target of $21.00.

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.