9,632 Shares in Quantum-Si incorporated (NASDAQ:QSI) Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new position in Quantum-Si incorporated (NASDAQ:QSI) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,632 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of QSI. Rhumbline Advisers grew its stake in shares of Quantum-Si by 3.7% during the 4th quarter. Rhumbline Advisers now owns 148,946 shares of the company’s stock worth $402,000 after purchasing an additional 5,298 shares during the period. SG Americas Securities LLC grew its stake in shares of Quantum-Si by 12.4% during the 4th quarter. SG Americas Securities LLC now owns 67,588 shares of the company’s stock worth $182,000 after purchasing an additional 7,470 shares during the period. Abel Hall LLC acquired a new stake in shares of Quantum-Si during the 4th quarter worth approximately $28,000. XTX Topco Ltd grew its stake in shares of Quantum-Si by 81.3% during the 3rd quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock worth $39,000 after purchasing an additional 19,651 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Quantum-Si during the 4th quarter worth approximately $95,000. Institutional investors and hedge funds own 39.90% of the company’s stock.

Quantum-Si Price Performance

Shares of NASDAQ:QSI opened at $1.62 on Tuesday. Quantum-Si incorporated has a 1 year low of $0.61 and a 1 year high of $5.77. The firm has a market capitalization of $231.19 million, a price-to-earnings ratio of -2.53 and a beta of 2.69. The business’s 50 day moving average price is $2.23 and its 200-day moving average price is $1.43.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on QSI shares. HC Wainwright reaffirmed a “buy” rating and set a $5.50 price objective on shares of Quantum-Si in a research note on Tuesday, January 14th. Canaccord Genuity Group decreased their target price on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, Alliance Global Partners began coverage on Quantum-Si in a research report on Friday, February 7th. They set a “buy” rating and a $3.75 target price on the stock.

Insider Activity

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 transaction, the director now owns 1,250,000 shares in the company, 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 is accessible through the SEC website. Insiders own 30.04% 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.