Quantum-Si (NASDAQ:QSI) Sets New 1-Year High – Here’s What Happened

Quantum-Si incorporated (NASDAQ:QSI) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $5.32 and last traded at $5.09, with a volume of 49363891 shares. The stock had previously closed at $4.26.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on QSI shares. HC Wainwright lifted their price target on shares of Quantum-Si from $4.00 to $5.50 and gave the company a “buy” rating in a research note on Thursday, November 21st. Canaccord Genuity Group cut their price objective 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.

Quantum-Si Stock Performance

The firm has a market cap of $612.24 million, a price-to-earnings ratio of -6.70 and a beta of 3.20. The stock has a 50-day moving average of $1.46 and a 200-day moving average of $1.13.

Insider Activity

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s stock in a transaction dated 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 owns 1,250,000 shares in the company, valued at $4,175,000. This trade represents a 73.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 30.04% of the stock is owned by corporate insiders.

Institutional Trading of Quantum-Si

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised 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 acquiring an additional 145,091 shares in the last quarter. Barclays PLC increased its stake in shares of Quantum-Si by 210.5% during the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after purchasing an additional 133,438 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Quantum-Si in the 3rd quarter valued at about $53,000. Green Alpha Advisors LLC lifted its stake in Quantum-Si by 35.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after purchasing an additional 45,796 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Quantum-Si during the second quarter worth 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.