Infleqtion (NYSE:INFQ) Director Kristina Johnson Sells 30,000 Shares

Infleqtion (NYSE:INFQ) Director Kristina Johnson sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $16.45, for a total transaction of $493,500.00. Following the completion of the transaction, the director owned 30,000 shares in the company, valued at $493,500. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Infleqtion Price Performance

NYSE INFQ traded up $1.54 during trading hours on Monday, hitting $17.76. 29,017,741 shares of the company’s stock were exchanged, compared to its average volume of 19,302,242. Infleqtion has a 1-year low of $8.52 and a 1-year high of $27.50. The stock has a market capitalization of $3.87 billion and a P/E ratio of -197.30.

Infleqtion (NYSE:INFQ) last released its earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on INFQ shares. Wall Street Zen upgraded shares of Infleqtion from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group assumed coverage on shares of Infleqtion in a report on Wednesday, April 29th. They issued a “buy” rating for the company. Citigroup assumed coverage on shares of Infleqtion in a report on Tuesday, April 14th. They issued a “buy” rating and a $20.00 target price for the company. Weiss Ratings assumed coverage on shares of Infleqtion in a report on Wednesday, May 27th. They issued a “sell (d)” rating for the company. Finally, BTIG Research assumed coverage on shares of Infleqtion in a report on Friday, April 10th. They issued a “buy” rating and a $22.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Infleqtion Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.