Maverick Capital Ltd Sells 33,405 Shares of Infleqtion (NYSE:INFQ) Stock

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 33,405 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $12.62, for a total transaction of $421,571.10. Following the transaction, the director owned 1,546,057 shares in the company, valued at $19,511,239.34. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, August 21st, Maverick Capital Ltd sold 164,824 shares of Infleqtion stock. The shares were sold at an average price of $13.02, for a total transaction of $2,146,008.48.
• 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 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 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 shares were 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 stock was 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 stock was bought at an average price 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 stock was sold at an average price of $16.10, for a total transaction of $28,941,955.70.

Infleqtion Trading Up 12.2%

Shares of INFQ stock traded up $1.53 during trading hours on Friday, reaching $14.08. 15,330,819 shares of the company’s stock were exchanged, compared to its average volume of 9,503,794. The business’s 50 day moving average price is $11.78. Infleqtion has a fifty-two week low of $8.52 and a fifty-two week high of $27.50.

Infleqtion (NYSE:INFQ) last posted its quarterly earnings data on Wednesday, August 12th. The quantum tech company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The firm had revenue of $13.54 million during the quarter. On average, equities analysts forecast that Infleqtion will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Secure Asset Management LLC purchased a new position in Infleqtion in the second quarter worth approximately $847,000. Wellington Management Group LLP acquired a new position in Infleqtion in the 2nd quarter valued at about $3,708,000. S&G Foundation acquired a new position in shares of Infleqtion in the second quarter valued at approximately $154,164,000. Davis Asset Management L.P. acquired a new position in shares of Infleqtion in the second quarter worth $27,783,000. Finally, Bank of New York Mellon Corp grew its stake in Infleqtion by 1,350.7% during the 2nd 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 purchasing an additional 1,002,576 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INFQ. Weiss Ratings started coverage on Infleqtion in a research report on Wednesday, May 27th. They issued a “sell (d)” rating on the stock. Canaccord Genuity Group began coverage on shares of Infleqtion in a research note on Thursday, July 2nd. They issued a “buy” rating and a $22.00 target price for the company. Citigroup upped their price target on Infleqtion from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday. UBS Group initiated coverage on Infleqtion in a research report on Wednesday, April 29th. They set a “buy” rating on the stock. Finally, Zacks Research raised Infleqtion to a “hold” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

About Infleqtion

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.