Jonathan M. Rothberg Sells 3,506,267 Shares of Quantum-Si incorporated (NASDAQ:QSI) Stock

Quantum-Si incorporated (NASDAQ:QSI) Director Jonathan M. Rothberg sold 3,506,267 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the transaction, the director now directly owns 1,250,000 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is accessible through the SEC website.

Quantum-Si Stock Performance

Shares of NASDAQ QSI opened at $4.26 on Friday. Quantum-Si incorporated has a 1 year low of $0.61 and a 1 year high of $4.44. The firm has a market cap of $607.96 million, a P/E ratio of -6.66 and a beta of 3.20. The stock has a fifty day moving average price of $1.39 and a two-hundred day moving average price of $1.11.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. HC Wainwright upped their price objective on shares of Quantum-Si from $4.00 to $5.50 and gave the stock a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group dropped their price target on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in Quantum-Si by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock worth $339,000 after buying an additional 10,811 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of Quantum-Si by 81.3% in the 3rd quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock worth $39,000 after acquiring an additional 19,651 shares during the last quarter. Green Alpha Advisors LLC raised its position in shares of Quantum-Si by 35.4% during the third 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 during the period. SG Americas Securities LLC purchased a new stake in shares of Quantum-Si during the third quarter valued at $53,000. Finally, Barclays PLC boosted its position in shares of Quantum-Si by 210.5% in the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after purchasing an additional 133,438 shares during the period. 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.