Infleqtion (NYSE:INFQ) Director Sells 1,609 Shares

Infleqtion (NYSE:INFQGet Free Report) Director Maverick Capital Ltd sold 1,609 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $12.19, for a total value of $19,613.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Maverick Capital Ltd also recently made the following trade(s):

  • On Tuesday, August 11th, Maverick Capital Ltd sold 1,079 shares of Infleqtion stock. The shares were sold at an average price of $11.82, for a total value of $12,753.78.
  • On Monday, August 10th, Maverick Capital Ltd sold 5,488 shares of Infleqtion stock. The shares were sold at an average price of $11.69, for a total transaction of $64,154.72.
  • On Friday, August 7th, Maverick Capital Ltd sold 6,346 shares of Infleqtion stock. The stock was sold at an average price of $11.87, for a total transaction of $75,327.02.
  • On Thursday, August 6th, Maverick Capital Ltd sold 8,057 shares of Infleqtion stock. The shares were sold at an average price of $11.09, for a total transaction of $89,352.13.
  • On Wednesday, August 5th, Maverick Capital Ltd sold 1,324 shares of Infleqtion stock. The stock was sold at an average price of $10.88, for a total transaction of $14,405.12.
  • On Tuesday, August 4th, Maverick Capital Ltd sold 28,168 shares of Infleqtion stock. The shares were sold at an average price of $11.44, for a total transaction of $322,241.92.
  • On Friday, August 14th, Maverick Capital Ltd purchased 52,071 shares of Infleqtion stock. The shares were acquired at an average cost of $12.42 per share, for a total transaction of $646,721.82.
  • On Friday, May 29th, Maverick Capital Ltd sold 1,797,637 shares of Infleqtion stock. The shares were sold at an average price of $16.10, for a total value of $28,941,955.70.
  • On Friday, May 22nd, Maverick Capital Ltd sold 5,323,111 shares of Infleqtion stock. The stock was sold at an average price of $16.77, for a total value of $89,268,571.47.
  • On Thursday, May 21st, Maverick Capital Ltd sold 6,584,519 shares of Infleqtion stock. The stock was sold at an average price of $14.69, for a total value of $96,726,584.11.

Infleqtion Stock Up 5.5%

INFQ traded up $0.67 during trading hours on Friday, hitting $12.85. The company’s stock had a trading volume of 11,583,313 shares, compared to its average volume of 9,595,257. Infleqtion has a fifty-two week low of $8.52 and a fifty-two week high of $27.50. The stock has a market capitalization of $2.80 billion and a price-to-earnings ratio of -142.76. The business’s 50-day moving average is $11.87.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Infleqtion by 1,350.7% in the second quarter. Bank of New York Mellon Corp now owns 1,076,802 shares of the quantum tech company’s stock worth $14,343,000 after acquiring an additional 1,002,576 shares in the last quarter. Davis Asset Management L.P. bought a new position in shares of Infleqtion during the 2nd quarter valued at about $27,783,000. Finally, S&G Foundation acquired a new position in shares of Infleqtion in the 2nd quarter worth approximately $154,164,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Craig Hallum started coverage on shares of Infleqtion in a research note on Wednesday, July 22nd. They set a “buy” rating and a $19.00 price objective on the stock. Zacks Research raised shares of Infleqtion to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen downgraded shares of Infleqtion from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Wedbush assumed coverage on shares of Infleqtion in a research note on Monday, August 3rd. They issued an “outperform” rating and a $20.00 price target for the company. Finally, Weiss Ratings began coverage on shares of Infleqtion in a report on Wednesday, May 27th. They issued a “sell (d)” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.60.

Get Our Latest Analysis on Infleqtion

Infleqtion Company Profile

(Get Free Report)

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

See Also

Insider Buying and Selling by Quarter for Infleqtion (NYSE:INFQ)

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