John Vieceli Sells 15,111 Shares of Quantum-Si (NASDAQ:QSI) Stock

Quantum-Si Incorporated (NASDAQ:QSI) insider John Vieceli sold 15,111 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $0.96, for a total value of $14,506.56. Following the sale, the insider directly owned 1,155,546 shares of the company’s stock, valued at $1,109,324.16. This represents a 1.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Quantum-Si Price Performance

Shares of QSI opened at $0.86 on Friday. The company’s 50-day moving average is $0.99 and its 200-day moving average is $1.03. The firm has a market capitalization of $186.69 million, a PE ratio of -1.68 and a beta of 3.18. Quantum-Si Incorporated has a fifty-two week low of $0.69 and a fifty-two week high of $3.10.

Quantum-Si (NASDAQ:QSI) last announced its earnings results on Thursday, May 7th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The business had revenue of $0.26 million during the quarter, compared to the consensus estimate of $0.30 million. Quantum-Si had a negative net margin of 5,605.88% and a negative return on equity of 47.35%. Analysts predict that Quantum-Si Incorporated will post -0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum-Si in a research report on Friday, March 27th. Canaccord Genuity Group dropped their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $1.00.

Hedge Funds Weigh In On Quantum-Si

Several hedge funds and other institutional investors have recently modified their holdings of QSI. Renaissance Technologies LLC bought a new stake in shares of Quantum-Si during the 1st quarter worth $91,000. Hollencrest Capital Management raised its stake in Quantum-Si by 301.1% during the first quarter. Hollencrest Capital Management now owns 40,111 shares of the company’s stock worth $31,000 after acquiring an additional 30,111 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Quantum-Si in the 4th quarter valued at approximately $262,000. Invesco Ltd. boosted its stake in shares of Quantum-Si by 36.2% in the 4th quarter. Invesco Ltd. now owns 402,821 shares of the company’s stock valued at $443,000 after purchasing an additional 107,093 shares in the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of Quantum-Si by 206.9% during the 4th quarter. XTX Topco Ltd now owns 461,982 shares of the company’s stock valued at $508,000 after purchasing an additional 311,450 shares during the last quarter. Institutional investors own 39.90% of the company’s stock.

About Quantum-Si

Quantum-Si Inc is a life sciences instrumentation company headquartered in Guilford, Connecticut, developing next-generation proteomics solutions based on semiconductor sequencing technology. The company’s core offering centers on a proprietary single-molecule protein sequencing platform that uses a silicon-based sensor chip to convert protein data into digital signals. This approach is designed to deliver high sensitivity, single-amino-acid resolution and deep proteome coverage while potentially reducing cost and complexity compared to traditional mass spectrometry methods.

Quantum-Si’s product roadmap includes the development and commercialization of an integrated system comprising instruments, consumable reagents and proprietary data analysis software.