Quantum-Si (NASDAQ:QSI) Shares Up 0.8% – Time to Buy?

Quantum-Si incorporated (NASDAQ:QSI) shares traded up 0.8% during mid-day trading on Friday . The stock traded as high as $2.86 and last traded at $2.66. 17,302,156 shares changed hands during trading, a decline of 78% from the average session volume of 77,913,852 shares. The stock had previously closed at $2.64.

Analyst Ratings Changes

QSI has been the subject of a number of recent analyst reports. HC Wainwright upped their target price on Quantum-Si from $4.00 to $5.50 and gave the company a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group decreased their price objective on shares of 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 7.6 %

The stock’s fifty day moving average price is $1.66 and its 200 day moving average price is $1.19. The stock has a market cap of $405.30 million, a P/E ratio of -4.44 and a beta of 2.74.

Insider Buying and Selling

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the 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 directly owns 1,250,000 shares of the company’s stock, valued at approximately $4,175,000. This represents a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 30.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Quantum-Si

A number of hedge funds have recently bought and sold shares of QSI. Bank of New York Mellon Corp lifted its position 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 acquiring an additional 10,811 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Quantum-Si during the second quarter valued at $25,000. SG Americas Securities LLC purchased a new stake in shares of Quantum-Si during the third quarter valued at $53,000. Green Alpha Advisors LLC increased its holdings in Quantum-Si by 35.4% in the 3rd 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 in the last quarter. Finally, Barclays PLC raised its position in Quantum-Si by 210.5% in the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after buying an additional 133,438 shares during the last quarter. Institutional investors own 39.90% of the company’s stock.

About Quantum-Si

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.