State Street Corp Has $2 Million Stake in Quantum-Si incorporated (NASDAQ:QSI)

State Street Corp reduced its holdings in Quantum-Si incorporated (NASDAQ:QSI) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,269,038 shares of the company’s stock after selling 102,313 shares during the period. State Street Corp’s holdings in Quantum-Si were worth $2,002,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake 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 valued at $339,000 after purchasing an additional 10,811 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Quantum-Si in the 2nd quarter valued at approximately $25,000. SG Americas Securities LLC bought a new position in shares of Quantum-Si in the third quarter valued at $53,000. Finally, Green Alpha Advisors LLC increased its holdings 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 buying an additional 45,796 shares during the last quarter. 39.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

QSI has been the subject of a number of recent analyst reports. Canaccord Genuity Group cut their price target 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 target price on shares of Quantum-Si from $4.00 to $5.50 and gave the company a “buy” rating in a report on Thursday, November 21st.

Quantum-Si Stock Performance

NASDAQ:QSI opened at $2.70 on Thursday. The firm’s 50-day simple moving average is $1.29 and its 200 day simple moving average is $1.08. Quantum-Si incorporated has a 52 week low of $0.61 and a 52 week high of $4.14. The firm has a market cap of $385.33 million, a price-to-earnings ratio of -4.22 and a beta of 3.20.

Insider Buying and Selling

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s stock in a transaction 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 sale, the director now owns 1,250,000 shares of the company’s stock, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 30.04% of the stock is currently owned by company insiders.

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.