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

Infleqtion (NYSE:INFQ) CTO Pranav Gokhale sold 120,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $17.73, for a total value of $2,127,600.00. Following the sale, the chief technology officer owned 2,218,980 shares in the company, valued at approximately $39,342,515.40. This represents a 5.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Infleqtion Trading Down 14.1%

NYSE:INFQ opened at $14.56 on Friday. The firm has a market cap of $3.18 billion and a price-to-earnings ratio of -161.73. Infleqtion has a 1 year low of $8.52 and a 1 year high of $27.50.

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

Analyst Ratings Changes

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