Quantum-Si (NASDAQ:QSI) Shares Gap Down – Here’s Why

Quantum-Si incorporated (NASDAQ:QSIGet Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $4.29, but opened at $4.02. Quantum-Si shares last traded at $4.36, with a volume of 20,836,039 shares.

Wall Street Analyst Weigh In

Several brokerages recently commented on QSI. Canaccord Genuity Group dropped their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. HC Wainwright raised their price objective on Quantum-Si from $4.00 to $5.50 and gave the stock a “buy” rating in a research note on Thursday, November 21st.

Check Out Our Latest Stock Analysis on QSI

Quantum-Si Stock Performance

The company has a market cap of $573.71 million, a P/E ratio of -6.28 and a beta of 3.20. The company has a fifty day moving average price of $1.46 and a two-hundred day moving average price of $1.13.

Insider Activity

In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the completion of the transaction, the director now owns 1,250,000 shares in the company, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 30.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Quantum-Si

A number of hedge funds and other institutional investors have recently bought and sold shares of QSI. XTX Topco Ltd acquired a new stake in Quantum-Si during the second quarter worth approximately $25,000. SG Americas Securities LLC acquired a new stake in Quantum-Si during the third quarter worth approximately $53,000. Green Alpha Advisors LLC lifted its position 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 acquiring an additional 45,796 shares during the last quarter. Barclays PLC lifted its position in Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after acquiring an additional 133,438 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Quantum-Si by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock worth $339,000 after acquiring an additional 10,811 shares during the last quarter. Institutional investors own 39.90% of the company’s stock.

About Quantum-Si

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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.

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