Insider Selling: Infleqtion (NYSE:INFQ) Director Sells 28,168 Shares of Stock

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 28,168 shares of Infleqtion stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $11.44, for a total value of $322,241.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 shares were 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 shares were 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 stock was 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 shares were sold at an average price of $11.09, for a total transaction 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 transaction of $14,405.12.
• On Friday, August 14th, Maverick Capital Ltd purchased 52,071 shares of Infleqtion stock. The stock was purchased at an average price of $12.42 per share, with a total value of $646,721.82.
• 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 Price Performance

INFQ traded up $0.67 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. Infleqtion has a fifty-two week low of $8.52 and a fifty-two week high of $27.50. The firm’s 50-day moving average price is $11.87. The stock has a market cap of $2.80 billion and a P/E ratio of -142.76.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on INFQ. Wedbush initiated coverage on shares of Infleqtion in a report on Monday, August 3rd. They set an “outperform” rating and a $20.00 target price on the stock. Zacks Research raised shares of Infleqtion to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen lowered shares of Infleqtion from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Weiss Ratings assumed coverage on shares of Infleqtion in a research note on Wednesday, May 27th. They issued a “sell (d)” rating on the stock. Finally, UBS Group assumed coverage on Infleqtion in a research report on Wednesday, April 29th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.60.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of Infleqtion by 1,350.7% in 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 during the period. Davis Asset Management L.P. bought a new position in Infleqtion during the second quarter worth $27,783,000. Finally, S&G Foundation acquired a new position in Infleqtion in the second quarter valued at $154,164,000.

Infleqtion Company Profile

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.