Guggenheim Capital LLC Sells 42,455 Shares of Quantum-Si incorporated (NASDAQ:QSI)

Guggenheim Capital LLC trimmed its holdings in shares of Quantum-Si incorporated (NASDAQ:QSI) by 17.5% during the fourth quarter, HoldingsChannel reports. The firm owned 199,999 shares of the company’s stock after selling 42,455 shares during the quarter. Guggenheim Capital LLC’s holdings in Quantum-Si were worth $540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in Quantum-Si by 1,211.4% during the fourth quarter. Renaissance Technologies LLC now owns 544,956 shares of the company’s stock worth $1,471,000 after buying an additional 503,400 shares during the last quarter. XTX Topco Ltd grew its position in shares of Quantum-Si by 460.5% during the 4th quarter. XTX Topco Ltd now owns 245,585 shares of the company’s stock valued at $663,000 after acquiring an additional 201,773 shares during the period. Geode Capital Management LLC increased 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 worth $2,044,000 after purchasing an additional 145,091 shares during the last quarter. Barclays PLC increased its stake in shares of Quantum-Si by 210.5% during 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Quantum-Si by 32.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 308,021 shares of the company’s stock worth $832,000 after purchasing an additional 75,661 shares during the period. 39.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on QSI shares. HC Wainwright reissued a “buy” rating and set a $5.50 price objective on shares of Quantum-Si in a report on Tuesday, January 14th. Alliance Global Partners reiterated a “buy” rating on shares of Quantum-Si in a research note on Wednesday, March 5th. Finally, National Bankshares set a $3.65 price objective on Quantum-Si in a research note on Wednesday, March 5th.

Quantum-Si Trading Up 0.8 %

Quantum-Si stock opened at $1.23 on Friday. The firm has a market capitalization of $225.26 million, a price-to-earnings ratio of -1.92 and a beta of 2.71. The firm has a 50 day simple moving average of $1.32 and a 200 day simple moving average of $1.53. Quantum-Si incorporated has a 1-year low of $0.61 and a 1-year high of $5.77.

Insider Activity

In related news, CEO Jeffrey Alan Hawkins sold 23,707 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $1.39, for a total transaction of $32,952.73. Following the completion of the transaction, the chief executive officer now owns 2,646,716 shares of the company’s stock, valued at approximately $3,678,935.24. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 36,650 shares of company stock worth $50,944. 30.04% of the stock is owned by corporate insiders.

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.