Quantum-Si (NASDAQ:QSI) Shares Gap Down – Time to Sell?

Shares of Quantum-Si incorporated (NASDAQ:QSI) 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.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. HC Wainwright raised their target price on Quantum-Si from $4.00 to $5.50 and gave the company a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group decreased their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th.

Quantum-Si Trading Down 24.6 %

The stock has a market cap of $376.76 million, a PE ratio of -4.13 and a beta of 2.74. The business has a 50 day moving average of $1.59 and a 200-day moving average of $1.17.

Insider Buying and Selling

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction on Friday, December 27th. The stock was sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the sale, the director now owns 1,250,000 shares of the company’s stock, valued at $4,175,000. The trade was a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 30.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Quantum-Si

Large investors have recently added to or reduced their stakes in the business. Barclays PLC raised its stake 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 purchasing an additional 133,438 shares during the period. Geode Capital Management LLC increased its holdings in shares of Quantum-Si by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock worth $2,044,000 after buying an additional 145,091 shares during the last quarter. XTX Topco Ltd raised its position in shares of Quantum-Si by 81.3% in the 3rd quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock worth $39,000 after buying an additional 19,651 shares during the period. Green Alpha Advisors LLC boosted its holdings in Quantum-Si by 35.4% in the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after acquiring an additional 45,796 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Quantum-Si during the third quarter valued at about $53,000. 39.90% of the stock is currently owned by hedge funds and other institutional investors.

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.