Geode Capital Management LLC Buys 145,091 Shares of Quantum-Si incorporated (NASDAQ:QSI)

Geode Capital Management LLC increased its stake in Quantum-Si incorporated (NASDAQ:QSI) by 6.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,316,921 shares of the company’s stock after acquiring an additional 145,091 shares during the period. Geode Capital Management LLC owned about 1.63% of Quantum-Si worth $2,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of Quantum-Si by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after acquiring an additional 10,811 shares during the last quarter. XTX Topco Ltd bought a new stake in Quantum-Si in the second quarter valued at approximately $25,000. SG Americas Securities LLC bought a new stake in Quantum-Si in the third quarter valued at approximately $53,000. Green Alpha Advisors LLC boosted its stake 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 valued at $154,000 after purchasing an additional 45,796 shares during the period. Finally, Barclays PLC grew its holdings in shares of Quantum-Si by 210.5% in the third 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. 39.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction on Friday, December 27th. The shares were sold at an average price of $3.34, for a total value of $11,710,931.78. Following the sale, the director now directly owns 1,250,000 shares in the company, valued at approximately $4,175,000. The trade was a 73.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 30.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

Quantum-Si Stock Down 24.4 %

QSI opened at $2.64 on Thursday. Quantum-Si incorporated has a twelve month low of $0.61 and a twelve month high of $5.77. The firm has a 50 day moving average price of $1.62 and a 200-day moving average price of $1.18. The stock has a market capitalization of $376.76 million, a price-to-earnings ratio of -4.13 and a beta of 2.74.

Quantum-Si 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.