Quantum-Si (NASDAQ:QSI) Stock Price Down 3.5% – Should You Sell?

Quantum-Si incorporated (NASDAQ:QSI) dropped 3.5% during mid-day trading on Wednesday . The stock traded as low as $2.40 and last traded at $2.35. Approximately 9,199,722 shares changed hands during trading, a decline of 83% from the average daily volume of 52,956,617 shares. The stock had previously closed at $2.44.

Wall Street Analyst Weigh In

QSI has been the topic of several recent research reports. HC Wainwright restated a “buy” rating and set a $5.50 target price on shares of Quantum-Si in a research report on Tuesday, January 14th. Canaccord Genuity Group decreased their target price on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th.

Quantum-Si Trading Down 4.6 %

The stock has a market capitalization of $328.23 million, a PE ratio of -3.59 and a beta of 2.74. The firm’s 50-day moving average price is $1.96 and its 200-day moving average price is $1.28.

Insider Transactions at Quantum-Si

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the sale, the director now directly owns 1,250,000 shares in the company, valued at $4,175,000. This trade represents a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 30.04% of the company’s stock.

Institutional Investors Weigh In On Quantum-Si

Several institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of 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 during the period. Geode Capital Management LLC lifted its stake in shares of Quantum-Si by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock worth $2,044,000 after buying an additional 145,091 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Quantum-Si during the third quarter worth $53,000. XTX Topco Ltd lifted its stake in shares of Quantum-Si by 81.3% during the third quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock worth $39,000 after buying an additional 19,651 shares during the period. Finally, Green Alpha Advisors LLC lifted its stake in shares of 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 period. 39.90% of the stock is currently owned by institutional investors and hedge funds.

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.