Infleqtion (NYSE:INFQ) CTO Pranav Gokhale Sells 120,000 Shares of Stock

Infleqtion (NYSE:INFQ) CTO Pranav Gokhale sold 120,000 shares of Infleqtion stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $17.73, for a total value of $2,127,600.00. Following the completion of the transaction, the chief technology officer owned 2,218,980 shares in the company, valued at approximately $39,342,515.40. The trade was a 5.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Infleqtion Stock Performance

Shares of INFQ opened at $14.56 on Friday. Infleqtion has a 52-week low of $8.52 and a 52-week high of $27.50. The firm has a market capitalization of $3.18 billion and a PE ratio of -161.73.

Infleqtion (NYSE:INFQ) last issued its quarterly earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on INFQ shares. BTIG Research started coverage on Infleqtion in a research note on Friday, April 10th. They issued a “buy” rating and a $22.00 price target on the stock. UBS Group started coverage on Infleqtion in a research note on Wednesday, April 29th. They issued a “buy” rating on the stock. Weiss Ratings started coverage on Infleqtion in a research note on Wednesday, May 27th. They issued a “sell (d)” rating on the stock. Wall Street Zen upgraded Infleqtion from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Citigroup began coverage on Infleqtion in a research note on Tuesday, April 14th. They issued a “buy” rating and a $20.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.