John S. Vieceli Sells 21,923 Shares of Quantum-Si Incorporated (NASDAQ:QSI) Stock

Quantum-Si Incorporated (NASDAQ:QSI) insider John S. Vieceli sold 21,923 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $1.61, for a total value of $35,296.03. Following the completion of the transaction, the insider now directly owns 842,586 shares of the company’s stock, valued at $1,356,563.46. This represents a 2.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Quantum-Si Trading Up 7.4%

NASDAQ QSI opened at $2.02 on Thursday. The company has a 50-day moving average price of $1.53 and a two-hundred day moving average price of $1.72. Quantum-Si Incorporated has a 52 week low of $0.61 and a 52 week high of $5.77. The stock has a market cap of $370.67 million, a price-to-earnings ratio of -2.97 and a beta of 2.87.

Quantum-Si (NASDAQ:QSI) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.11) earnings per share (EPS) 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, equities research analysts expect that Quantum-Si Incorporated will post -0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new position in shares of Quantum-Si during the first quarter valued at $4,721,000. Geode Capital Management LLC grew its position in Quantum-Si by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,368,376 shares of the company’s stock valued at $6,395,000 after buying an additional 51,455 shares in the last quarter. Northern Trust Corp increased its stake in Quantum-Si by 5.0% during the 4th quarter. Northern Trust Corp now owns 841,146 shares of the company’s stock valued at $2,271,000 after buying an additional 40,026 shares during the period. Renaissance Technologies LLC raised its position in shares of Quantum-Si by 1,211.4% during the 4th quarter. Renaissance Technologies LLC now owns 544,956 shares of the company’s stock worth $1,471,000 after buying an additional 503,400 shares in the last quarter. Finally, XTX Topco Ltd raised its position in shares of Quantum-Si by 50.2% during the 1st quarter. XTX Topco Ltd now owns 368,968 shares of the company’s stock worth $443,000 after buying an additional 123,383 shares in the last quarter. Institutional investors and hedge funds 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.