Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd Sells 1,609 Shares

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 1,609 shares of Infleqtion stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $12.19, for a total transaction of $19,613.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Maverick Capital Ltd also recently made the following trade(s):

• On Tuesday, August 11th, Maverick Capital Ltd sold 1,079 shares of Infleqtion stock. The shares were sold at an average price of $11.82, for a total value of $12,753.78.
• On Monday, August 10th, Maverick Capital Ltd sold 5,488 shares of Infleqtion stock. The stock was sold at an average price of $11.69, for a total value of $64,154.72.
• On Friday, August 7th, Maverick Capital Ltd sold 6,346 shares of Infleqtion stock. The shares were sold at an average price of $11.87, for a total value of $75,327.02.
• On Thursday, August 6th, Maverick Capital Ltd sold 8,057 shares of Infleqtion stock. The stock was sold at an average price of $11.09, for a total value of $89,352.13.
• On Wednesday, August 5th, Maverick Capital Ltd sold 1,324 shares of Infleqtion stock. The stock was sold at an average price of $10.88, for a total value of $14,405.12.
• On Tuesday, August 4th, Maverick Capital Ltd sold 28,168 shares of Infleqtion stock. The shares were sold at an average price of $11.44, for a total transaction of $322,241.92.
• On Friday, August 14th, Maverick Capital Ltd bought 52,071 shares of Infleqtion stock. The stock was purchased at an average price of $12.42 per share, with a total value of $646,721.82.
• On Friday, May 29th, Maverick Capital Ltd sold 1,797,637 shares of Infleqtion stock. The stock was sold at an average price of $16.10, for a total transaction of $28,941,955.70.
• On Friday, May 22nd, Maverick Capital Ltd sold 5,323,111 shares of Infleqtion stock. The stock was sold at an average price of $16.77, for a total transaction of $89,268,571.47.
• On Thursday, May 21st, Maverick Capital Ltd sold 6,584,519 shares of Infleqtion stock. The shares were sold at an average price of $14.69, for a total transaction of $96,726,584.11.

Infleqtion Trading Up 5.5%

Shares of NYSE:INFQ traded up $0.67 during mid-day trading on Friday, hitting $12.85. The stock had a trading volume of 11,583,313 shares, compared to its average volume of 9,595,257. The firm’s 50 day simple moving average is $11.87. Infleqtion has a 12-month low of $8.52 and a 12-month high of $27.50. The stock has a market capitalization of $2.80 billion and a P/E ratio of -142.76.

Wall Street Analyst Weigh In

INFQ has been the subject of several recent analyst reports. UBS Group began coverage on Infleqtion in a research report on Wednesday, April 29th. They issued a “buy” rating for the company. Canaccord Genuity Group initiated coverage on Infleqtion in a research report on Thursday, July 2nd. They set a “buy” rating and a $22.00 price target on the stock. Zacks Research raised Infleqtion to a “hold” rating in a research note on Monday, June 29th. Wedbush started coverage on Infleqtion in a research report on Monday, August 3rd. They set an “outperform” rating and a $20.00 price objective for the company. Finally, Craig Hallum initiated coverage on Infleqtion in a research note on Wednesday, July 22nd. They set a “buy” rating and a $19.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.60.

Hedge Funds Weigh In On Infleqtion

A number of hedge funds have recently modified their holdings of INFQ. Bank of New York Mellon Corp raised its holdings in shares of Infleqtion by 1,350.7% during the second quarter. Bank of New York Mellon Corp now owns 1,076,802 shares of the quantum tech company’s stock worth $14,343,000 after acquiring an additional 1,002,576 shares in the last quarter. Davis Asset Management L.P. acquired a new position in Infleqtion in the 2nd quarter worth about $27,783,000. Finally, S&G Foundation purchased a new stake in shares of Infleqtion during the 2nd quarter worth about $154,164,000.

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.