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

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

Analysts Set New Price Targets

Several research firms have commented on QSI. Canaccord Genuity Group decreased their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. HC Wainwright upped 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.

Quantum-Si Stock Performance

The company has a fifty day moving average of $1.46 and a two-hundred day moving average of $1.13. The firm has a market capitalization of $612.24 million, a price-to-earnings ratio of -6.70 and a beta of 3.20.

Insider Transactions at Quantum-Si

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

Institutional Investors Weigh In On Quantum-Si

Large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in shares of Quantum-Si during the 2nd quarter valued at $25,000. SG Americas Securities LLC acquired a new position in Quantum-Si in the third quarter valued at about $53,000. Green Alpha Advisors LLC lifted its position 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. Barclays PLC grew its stake in Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after buying an additional 133,438 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in 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 buying an additional 10,811 shares during the period. Institutional investors and hedge funds 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.