Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd Sells 5,323,111 Shares

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 5,323,111 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $16.77, for a total transaction of $89,268,571.47. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, May 21st, Maverick Capital Ltd sold 6,584,519 shares of Infleqtion stock. The shares were sold at an average price of $14.69, for a total transaction of $96,726,584.11.

Infleqtion Price Performance

NYSE INFQ opened at $15.87 on Wednesday. The firm has a market cap of $3.46 billion and a P/E ratio of -176.33. Infleqtion has a 1 year low of $8.52 and a 1 year high of $27.50.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on INFQ shares. Citigroup started coverage on shares of Infleqtion in a research report on Tuesday, April 14th. They issued a “buy” rating and a $20.00 price objective for the company. UBS Group started coverage on shares of Infleqtion in a research report on Wednesday, April 29th. They issued a “buy” rating for the company. Wall Street Zen upgraded shares of Infleqtion to a “sell” rating in a research report on Saturday, April 18th. Finally, BTIG Research started coverage on shares of Infleqtion in a research report on Friday, April 10th. They issued a “buy” rating and a $22.00 price objective for the company. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $21.00.

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.