Quantum-Si Target of Unusually Large Options Trading (NASDAQ:QSI)

Quantum-Si incorporated (NASDAQ:QSI) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 6,305 call options on the company. This is an increase of 551% compared to the typical daily volume of 968 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QSI. Geode Capital Management LLC raised its stake 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 valued at $2,044,000 after purchasing an additional 145,091 shares during the period. Barclays PLC boosted its position in shares of Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after acquiring an additional 133,438 shares during the period. Vanguard Group Inc. grew its stake in Quantum-Si by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,300,685 shares of the company’s stock valued at $10,442,000 after acquiring an additional 82,463 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Quantum-Si in the 3rd quarter worth approximately $53,000. Finally, Green Alpha Advisors LLC boosted its holdings in Quantum-Si by 35.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after purchasing an additional 45,796 shares during the period. 39.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on QSI shares. HC Wainwright raised their price target on shares of 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 target 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 Stock Down 5.1 %

QSI stock traded down $0.11 during trading on Wednesday, reaching $2.15. The stock had a trading volume of 18,691,962 shares, compared to its average volume of 2,767,424. Quantum-Si has a one year low of $0.61 and a one year high of $2.58. The company’s 50 day moving average is $0.97 and its two-hundred day moving average is $1.04. The company has a market capitalization of $306.15 million, a price-to-earnings ratio of -3.53 and a beta of 3.20.

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.