Balyasny Asset Management L.P. Makes New Investment in Quantum-Si incorporated (NASDAQ:QSI)

Balyasny Asset Management L.P. acquired a new position in shares of Quantum-Si incorporated (NASDAQ:QSI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,488 shares of the company’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in shares of Quantum-Si in the 4th quarter valued at $26,000. Abel Hall LLC acquired a new position in Quantum-Si in the fourth quarter valued at $28,000. Dudley Capital Management LLC purchased a new stake in Quantum-Si during the fourth quarter valued at about $30,000. Jump Financial LLC acquired a new stake in Quantum-Si during the fourth quarter worth about $33,000. Finally, Alpine Global Management LLC acquired a new stake in Quantum-Si during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 39.90% of the company’s stock.

Analyst Ratings Changes

QSI has been the subject of a number of research reports. National Bankshares set a $3.65 target price on Quantum-Si in a report on Wednesday, March 5th. Alliance Global Partners reaffirmed a “buy” rating on shares of Quantum-Si in a research report on Friday.

Insider Activity

In other news, CEO Jeffrey Alan Hawkins sold 23,707 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $1.39, for a total transaction of $32,952.73. Following the completion of the sale, the chief executive officer now directly owns 2,646,716 shares in the company, valued at $3,678,935.24. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 36,650 shares of company stock worth $50,944 over the last 90 days. Company insiders own 30.04% of the company’s stock.

Quantum-Si Price Performance

NASDAQ:QSI opened at $1.41 on Tuesday. The business’s 50-day moving average is $1.28 and its two-hundred day moving average is $1.60. The firm has a market capitalization of $258.23 million, a PE ratio of -2.20 and a beta of 2.71. Quantum-Si incorporated has a 12 month low of $0.61 and a 12 month high of $5.77.

Quantum-Si (NASDAQ:QSI) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.06. The firm had revenue of $0.84 million for the quarter, compared to analyst estimates of $0.96 million. Quantum-Si had a negative return on equity of 36.96% and a negative net margin of 3,968.84%. Equities analysts anticipate that Quantum-Si incorporated will post -0.65 EPS for the current 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.