Quantum-Si Target of Unusually Large Options Trading (NASDAQ:QSI)

Quantum-Si incorporated (NASDAQ:QSI) was the target of some unusual options trading activity on Thursday. Stock traders acquired 4,441 call options on the stock. This represents an increase of approximately 162% compared to the average volume of 1,696 call options.

Hedge Funds Weigh In On Quantum-Si

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in Quantum-Si by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after purchasing an additional 10,811 shares during the last quarter. XTX Topco Ltd bought a new stake in Quantum-Si during the 2nd quarter valued at about $25,000. SG Americas Securities LLC purchased a new position in Quantum-Si during the 3rd quarter worth $53,000. Green Alpha Advisors LLC raised its holdings in shares of Quantum-Si by 35.4% in the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after acquiring an additional 45,796 shares in the last quarter. Finally, Barclays PLC raised its holdings 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 in the last quarter. Institutional investors own 39.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. HC Wainwright increased their price objective on 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 reduced their price target on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a report on Wednesday, November 13th.

Quantum-Si Trading Up 65.4 %

Shares of QSI opened at $2.15 on Friday. The company has a market capitalization of $306.83 million, a PE ratio of -3.36 and a beta of 3.20. Quantum-Si has a 12-month low of $0.61 and a 12-month high of $2.58. The business’s 50 day moving average is $1.14 and its 200 day moving average is $1.05.

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.