BNP Paribas Financial Markets Takes $51,000 Position in Quantum-Si incorporated (NASDAQ:QSI)

BNP Paribas Financial Markets acquired a new stake in shares of Quantum-Si incorporated (NASDAQ:QSI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,025 shares of the company’s stock, valued at approximately $51,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wolverine Asset Management LLC bought a new stake in shares of Quantum-Si during the fourth quarter valued at approximately $26,000. Dudley Capital Management LLC bought a new stake in shares of Quantum-Si during the fourth quarter valued at approximately $30,000. Jump Financial LLC bought a new stake in Quantum-Si during the fourth quarter worth $33,000. Alpine Global Management LLC bought a new stake in Quantum-Si during the fourth quarter worth $37,000. Finally, Bravias Capital Group LLC bought a new stake in Quantum-Si during the fourth quarter worth $55,000. Institutional investors own 39.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on QSI. National Bankshares set a $3.65 price target on Quantum-Si in a report on Wednesday, March 5th. Alliance Global Partners reiterated a “buy” rating on shares of Quantum-Si in a report on Friday, May 16th. Finally, HC Wainwright reiterated a “buy” rating and set a $5.50 price target on shares of Quantum-Si in a report on Monday, May 19th.

Quantum-Si Trading Up 4.8%

Shares of Quantum-Si stock opened at $1.76 on Wednesday. The stock has a fifty day simple moving average of $1.35 and a 200 day simple moving average of $1.66. Quantum-Si incorporated has a 12-month low of $0.61 and a 12-month high of $5.77. The company has a market capitalization of $322.96 million, a P/E ratio of -2.75 and a beta of 2.71.

Quantum-Si (NASDAQ:QSI) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.06. The firm had revenue of $0.84 million during the quarter, compared to the consensus estimate of $0.96 million. Quantum-Si had a negative return on equity of 36.96% and a negative net margin of 3,968.84%. On average, analysts predict that Quantum-Si incorporated will post -0.65 EPS for the current year.

Insider Buying and Selling at Quantum-Si

In other news, CEO Jeffrey Alan Hawkins sold 23,707 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $1.39, for a total transaction of $32,952.73. Following the transaction, the chief executive officer now owns 2,646,716 shares of the company’s stock, valued at $3,678,935.24. This represents a 0.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 36,650 shares of company stock worth $50,944 in the last quarter. 30.04% of the stock is currently owned by company insiders.

About Quantum-Si

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.