Quantum-Si (NASDAQ:QSI) Shares Down 5% – Time to Sell?

Quantum-Si incorporated (NASDAQ:QSI)’s share price was down 5% during mid-day trading on Wednesday . The company traded as low as $1.95 and last traded at $1.98. Approximately 3,752,928 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 41,400,328 shares. The stock had previously closed at $2.08.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on QSI. Canaccord Genuity Group decreased their price target on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. HC Wainwright reaffirmed a “buy” rating and set a $5.50 price target on shares of Quantum-Si in a research note on Tuesday, January 14th.

Quantum-Si Trading Down 2.2 %

The stock has a market capitalization of $290.41 million, a price-to-earnings ratio of -3.17 and a beta of 2.74. The business has a 50 day simple moving average of $2.05 and a 200-day simple moving average of $1.31.

Insider Activity at Quantum-Si

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the stock in a transaction 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 owns 1,250,000 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 30.04% of the stock is owned by insiders.

Institutional Trading of Quantum-Si

Several large investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in shares of Quantum-Si by 210.5% in 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 boosted its holdings in Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock worth $2,044,000 after acquiring an additional 145,091 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Quantum-Si during the third quarter valued at approximately $53,000. XTX Topco Ltd lifted its position 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 purchasing an additional 19,651 shares in the last quarter. Finally, Green Alpha Advisors LLC boosted its stake in shares of Quantum-Si by 35.4% in the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after purchasing an additional 45,796 shares during the period. 39.90% of the stock is currently owned by institutional investors and hedge funds.

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.