Jonathan Rothberg Sells 26,095 Shares of Quantum-Si (NASDAQ:QSI) Stock

Quantum-Si Incorporated (NASDAQ:QSI) Director Jonathan Rothberg sold 26,095 shares of the stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $3.07, for a total value of $80,111.65. Following the transaction, the director owned 1,904,866 shares of the company’s stock, valued at approximately $5,847,938.62. This trade represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Quantum-Si Price Performance

QSI opened at $2.28 on Friday. Quantum-Si Incorporated has a 12-month low of $0.61 and a 12-month high of $5.77. The stock has a market capitalization of $461.68 million, a PE ratio of -3.35 and a beta of 2.89. The firm’s fifty day moving average price is $1.41 and its 200 day moving average price is $1.51.

Quantum-Si (NASDAQ:QSI) last released its earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share for the quarter, hitting the consensus estimate of ($0.16). The company had revenue of $0.59 million during the quarter, compared to the consensus estimate of $1.28 million. Quantum-Si had a negative net margin of 3,120.14% and a negative return on equity of 44.57%. On average, equities research analysts forecast that Quantum-Si Incorporated will post -0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

QSI has been the subject of several research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Quantum-Si in a research report on Wednesday, October 8th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $1.00 price objective on shares of Quantum-Si in a report on Tuesday, September 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Quantum-Si has an average rating of “Hold” and an average target price of $3.48.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. bought a new position in shares of Quantum-Si during the second quarter worth about $25,000. WestHill Financial Advisors Inc. acquired a new position in shares of Quantum-Si during the first quarter worth approximately $26,000. JTC Employer Solutions Trustee Ltd acquired a new position in Quantum-Si during the 2nd quarter worth $26,000. Elite Life Management LLC bought a new position in shares of Quantum-Si in the third quarter worth $29,000. Finally, Cerity Partners LLC acquired a new position in shares of Quantum-Si during the second quarter valued at $29,000. 39.90% of the stock is currently owned by 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.