Geode Capital Management LLC Increases Stake in Quantum-Si incorporated (NASDAQ:QSI)

Geode Capital Management LLC increased its holdings in Quantum-Si incorporated (NASDAQ:QSI) by 6.7% in the third quarter, Holdings Channel reports. The fund owned 2,316,921 shares of the company’s stock after purchasing an additional 145,091 shares during the quarter. Geode Capital Management LLC’s holdings in Quantum-Si were worth $2,044,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QSI. XTX Topco Ltd purchased a new position in shares of Quantum-Si in the second quarter worth $25,000. SG Americas Securities LLC acquired a new position in shares of Quantum-Si in the 3rd quarter valued at $53,000. Green Alpha Advisors LLC raised its stake in Quantum-Si by 35.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after acquiring an additional 45,796 shares during the last quarter. Barclays PLC lifted its position in 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 acquiring an additional 133,438 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Quantum-Si by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after purchasing an additional 10,811 shares during the last quarter. 39.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on QSI. Canaccord Genuity Group reduced their price target on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. HC Wainwright raised their target price 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.

Insider Transactions at Quantum-Si

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the transaction, the director now directly owns 1,250,000 shares in the company, valued at $4,175,000. This represents a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 30.04% of the company’s stock.

Quantum-Si Price Performance

Shares of NASDAQ:QSI opened at $2.64 on Thursday. Quantum-Si incorporated has a 1 year low of $0.61 and a 1 year high of $5.77. The firm has a market capitalization of $376.76 million, a PE ratio of -4.13 and a beta of 2.74. The business’s 50 day moving average price is $1.62 and its 200-day moving average price is $1.18.

Quantum-Si Company Profile

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.