Maverick Capital Ltd Purchases 52,071 Shares of Infleqtion (NYSE:INFQ) Stock

Infleqtion (NYSE:INFQGet Free Report) Director Maverick Capital Ltd bought 52,071 shares of the stock in a transaction on Friday, August 14th. The shares were bought at an average cost of $12.42 per share, for a total transaction of $646,721.82. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Thursday, August 13th, Maverick Capital Ltd sold 1,609 shares of Infleqtion stock. The stock was sold at an average price of $12.19, for a total transaction of $19,613.71.
  • On Tuesday, August 11th, Maverick Capital Ltd sold 1,079 shares of Infleqtion stock. The stock was sold at an average price of $11.82, for a total transaction 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 shares were 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 stock was sold at an average price of $11.09, for a total value 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 value of $14,405.12.
  • On Tuesday, August 4th, Maverick Capital Ltd sold 28,168 shares of Infleqtion stock. The stock was sold at an average price of $11.44, for a total value of $322,241.92.
  • 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 shares were 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 Performance

Shares of INFQ traded up $0.67 during midday trading on Friday, reaching $12.85. The stock had a trading volume of 11,583,313 shares, compared to its average volume of 9,595,257. The firm has a 50 day moving average of $11.87. Infleqtion has a 52 week low of $8.52 and a 52 week high of $27.50.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of Infleqtion to a “hold” rating in a report on Monday, June 29th. Craig Hallum began coverage on shares of Infleqtion in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $19.00 price objective on the stock. Canaccord Genuity Group assumed coverage on shares of Infleqtion in a report on Thursday, July 2nd. They issued a “buy” rating and a $22.00 target price on the stock. Weiss Ratings assumed coverage on shares of Infleqtion in a research note on Wednesday, May 27th. They set a “sell (d)” rating for the company. Finally, UBS Group started coverage on Infleqtion in a report on Wednesday, April 29th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Infleqtion presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.60.

View Our Latest Stock Analysis on INFQ

Hedge Funds Weigh In On Infleqtion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. S&G Foundation purchased a new stake in shares of Infleqtion in the second quarter valued at $154,164,000. Davis Asset Management L.P. purchased a new position in shares of Infleqtion during the second quarter valued at $27,783,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Infleqtion by 1,350.7% during the second quarter. Bank of New York Mellon Corp now owns 1,076,802 shares of the quantum tech company’s stock valued at $14,343,000 after buying an additional 1,002,576 shares in the last quarter.

About Infleqtion

(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.

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

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