Quantum-Si incorporated (NASDAQ:QSI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its position in Quantum-Si incorporated (NASDAQ:QSI) by 10.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 232,360 shares of the company’s stock after selling 28,082 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Quantum-Si were worth $205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of QSI. Bank of New York Mellon Corp lifted its holdings in shares of Quantum-Si by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock worth $339,000 after acquiring an additional 10,811 shares during the period. XTX Topco Ltd acquired a new position in Quantum-Si during the second quarter worth approximately $25,000. Green Alpha Advisors LLC raised 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 worth $154,000 after purchasing an additional 45,796 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Quantum-Si during the third quarter worth approximately $53,000. Hedge funds and other institutional investors own 39.90% of the company’s stock.

Quantum-Si Stock Performance

QSI opened at $1.29 on Friday. Quantum-Si incorporated has a 1 year low of $0.61 and a 1 year high of $2.58. The firm has a 50 day moving average price of $1.08 and a 200 day moving average price of $1.05. The company has a market cap of $184.10 million, a PE ratio of -2.02 and a beta of 3.20.

Wall Street Analyst Weigh In

QSI has been the subject of several research reports. HC Wainwright upped 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 lowered their price target on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th.

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.