Traders Purchase High Volume of Call Options on Quantum-Si (NASDAQ:QSI)

Quantum-Si incorporated (NASDAQ:QSI) saw some unusual options trading on Thursday. Investors acquired 4,441 call options on the stock. This represents an increase of 162% compared to the typical volume of 1,696 call options.

Hedge Funds Weigh In On Quantum-Si

A number of institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in shares of Quantum-Si in the 2nd quarter worth $25,000. SG Americas Securities LLC purchased a new stake in Quantum-Si during the third quarter valued at about $53,000. Green Alpha Advisors LLC lifted its stake in Quantum-Si by 35.4% during the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after purchasing an additional 45,796 shares during the last quarter. Barclays PLC boosted its holdings in shares of Quantum-Si by 210.5% in the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after purchasing an additional 133,438 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Quantum-Si by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after purchasing an additional 10,811 shares during the last quarter. 39.90% of the stock is currently owned by institutional investors.

Quantum-Si Stock Performance

Shares of QSI stock opened at $3.60 on Friday. The company has a market capitalization of $513.77 million, a PE ratio of -5.63 and a beta of 3.20. Quantum-Si has a 52-week low of $0.61 and a 52-week high of $4.14. The business’s fifty day moving average is $1.20 and its 200 day moving average is $1.06.

Analyst Ratings Changes

QSI has been the topic of a number of recent research reports. HC Wainwright increased their price objective on Quantum-Si from $4.00 to $5.50 and gave the stock a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group cut their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th.

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.