Geode Capital Management LLC Boosts Stock Position in Quantum-Si Incorporated $QSI

Geode Capital Management LLC lifted its stake in Quantum-Si Incorporated (NASDAQ:QSI) by 15.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,447,738 shares of the company’s stock after acquiring an additional 452,850 shares during the period. Geode Capital Management LLC’s holdings in Quantum-Si were worth $6,759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JTC Employer Solutions Trustee Ltd purchased a new stake in Quantum-Si during the 2nd quarter worth about $26,000. Wolverine Asset Management LLC grew its holdings in Quantum-Si by 140.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 16,501 shares of the company’s stock valued at $32,000 after buying an additional 9,626 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Quantum-Si during the first quarter valued at about $42,000. Russell Investments Group Ltd. lifted its holdings in shares of Quantum-Si by 322.6% in the first quarter. Russell Investments Group Ltd. now owns 38,257 shares of the company’s stock worth $46,000 after buying an additional 29,204 shares in the last quarter. Finally, Corebridge Financial Inc. boosted its position in shares of Quantum-Si by 18.2% in the first quarter. Corebridge Financial Inc. now owns 58,876 shares of the company’s stock valued at $71,000 after acquiring an additional 9,086 shares during the period. 39.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

QSI has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Quantum-Si in a research report on Monday, November 24th. Canaccord Genuity Group boosted their target price on Quantum-Si from $1.00 to $2.00 and gave the stock a “hold” rating in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3.73.

Insider Activity at Quantum-Si

In related news, Director Jonathan M. Rothberg sold 26,095 shares of Quantum-Si stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $3.07, for a total value of $80,111.65. Following the transaction, the director directly owned 1,904,866 shares of the company’s stock, valued at $5,847,938.62. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Todd C. Bennett sold 18,482 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $1.68, for a total transaction of $31,049.76. Following the sale, the insider owned 700,003 shares of the company’s stock, valued at $1,176,005.04. This represents a 2.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 68,936 shares of company stock valued at $152,085 in the last quarter. Corporate insiders own 30.04% of the company’s stock.

Quantum-Si Stock Down 2.0%

Quantum-Si stock opened at $1.44 on Friday. The firm has a fifty day simple moving average of $1.73 and a two-hundred day simple moving average of $1.62. Quantum-Si Incorporated has a twelve month low of $0.95 and a twelve month high of $5.77. The company has a market capitalization of $310.31 million, a PE ratio of -2.15 and a beta of 2.96.

Quantum-Si (NASDAQ:QSI) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.17). Quantum-Si had a negative return on equity of 47.90% and a negative net margin of 3,677.97%.The firm had revenue of $0.55 million for the quarter, compared to analysts’ expectations of $0.60 million. As a group, equities analysts expect that Quantum-Si Incorporated will post -0.65 earnings per share for the current fiscal year.

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.