Jeffrey Alan Hawkins Sells 23,705 Shares of Quantum-Si Incorporated (NASDAQ:QSI) Stock

Quantum-Si Incorporated (NASDAQ:QSI) CEO Jeffrey Alan Hawkins sold 23,705 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $1.61, for a total value of $38,165.05. Following the transaction, the chief executive officer now owns 2,623,011 shares in the company, valued at $4,223,047.71. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Quantum-Si Price Performance

NASDAQ QSI opened at $2.02 on Thursday. The business has a fifty day moving average price of $1.53 and a two-hundred day moving average price of $1.72. The stock has a market capitalization of $370.67 million, a PE ratio of -2.97 and a beta of 2.87. Quantum-Si Incorporated has a fifty-two week low of $0.61 and a fifty-two week high of $5.77.

Quantum-Si (NASDAQ:QSI) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.06. Quantum-Si had a negative return on equity of 41.44% and a negative net margin of 2,925.41%. The business had revenue of $0.84 million during the quarter, compared to the consensus estimate of $0.96 million. As a group, sell-side analysts expect that Quantum-Si Incorporated will post -0.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Alliance Global Partners restated a “buy” rating on shares of Quantum-Si in a research note on Friday, May 16th. National Bankshares set a $3.65 target price on shares of Quantum-Si in a research report on Wednesday, March 5th. Finally, HC Wainwright reiterated a “buy” rating and issued a $5.50 price target on shares of Quantum-Si in a research report on Monday, May 19th.

Institutional Investors Weigh In On Quantum-Si

A number of hedge funds have recently made changes to their positions in QSI. Tower Research Capital LLC TRC lifted its stake in Quantum-Si by 139.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 23,347 shares of the company’s stock valued at $63,000 after purchasing an additional 13,592 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Quantum-Si by 21.3% during the fourth quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company’s stock worth $728,000 after buying an additional 47,400 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Quantum-Si during the fourth quarter worth $60,000. Sanctuary Advisors LLC bought a new position in shares of Quantum-Si in the 4th quarter valued at $95,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Quantum-Si during the 4th quarter valued at $51,000. 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.