Quantum-Si (NASDAQ:QSI) Stock Price Up 5.1% – Still a Buy?

Shares of Quantum-Si incorporated (NASDAQ:QSI) traded up 5.1% during mid-day trading on Tuesday . The stock traded as high as $2.43 and last traded at $2.36. 8,333,727 shares traded hands during trading, a decline of 85% from the average session volume of 55,535,711 shares. The stock had previously closed at $2.24.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. HC Wainwright reissued a “buy” rating and set a $5.50 price target on shares of Quantum-Si in a research report on Tuesday, January 14th. Canaccord Genuity Group dropped their target price 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.

Quantum-Si Price Performance

The company has a market capitalization of $343.93 million, a price-to-earnings ratio of -3.77 and a beta of 2.74. The business has a fifty day moving average price of $1.96 and a 200 day moving average price of $1.28.

Insider Activity

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s stock in a transaction 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 directly owns 1,250,000 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 30.04% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QSI. Geode Capital Management LLC boosted its stake 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 valued at $2,044,000 after buying an additional 145,091 shares in the last quarter. Barclays PLC boosted its stake in Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after buying an additional 133,438 shares in the last quarter. SG Americas Securities LLC bought a new position in Quantum-Si during the third quarter valued at about $53,000. Green Alpha Advisors LLC boosted its stake in Quantum-Si by 35.4% during the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after buying an additional 45,796 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Quantum-Si during the second quarter valued at about $25,000. Institutional investors own 39.90% of the company’s stock.

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.