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

Geode Capital Management LLC lifted its stake in shares of Quantum-Si Incorporated (NASDAQ:QSI) by 15.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,447,738 shares of the company’s stock after buying an additional 452,850 shares during the period. Geode Capital Management LLC owned about 1.88% of Quantum-Si worth $6,759,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. JTC Employer Solutions Trustee Ltd bought a new position in Quantum-Si during the 2nd quarter valued at $26,000. Wolverine Asset Management LLC raised its holdings in shares of Quantum-Si by 140.0% in the second quarter. Wolverine Asset Management LLC now owns 16,501 shares of the company’s stock valued at $32,000 after purchasing an additional 9,626 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Quantum-Si during the first quarter valued at about $42,000. Russell Investments Group Ltd. boosted its holdings in Quantum-Si by 322.6% during the first quarter. Russell Investments Group Ltd. now owns 38,257 shares of the company’s stock worth $46,000 after purchasing an additional 29,204 shares during the last quarter. Finally, Corebridge Financial Inc. boosted its holdings in Quantum-Si by 18.2% during the first quarter. Corebridge Financial Inc. now owns 58,876 shares of the company’s stock worth $71,000 after purchasing an additional 9,086 shares during the last quarter. Institutional investors own 39.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on QSI. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum-Si in a research note on Monday, November 24th. Canaccord Genuity Group boosted their price objective 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 investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $3.73.

Quantum-Si Stock Down 2.0%

Shares of QSI stock opened at $1.44 on Friday. The firm has a market cap of $310.31 million, a P/E ratio of -2.15 and a beta of 2.96. The company has a 50 day moving average of $1.73 and a 200-day moving average of $1.62. Quantum-Si Incorporated has a 12-month low of $0.95 and a 12-month high of $5.77.

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

Insider Buying and Selling at Quantum-Si

In other news, insider Todd C. Bennett sold 18,482 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $1.68, for a total transaction of $31,049.76. Following the completion of the transaction, the insider owned 700,003 shares in the company, valued at approximately $1,176,005.04. This represents a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan M. Rothberg sold 26,095 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $3.07, for a total value of $80,111.65. Following the completion of the sale, the director owned 1,904,866 shares in the company, valued at $5,847,938.62. This represents a 1.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,936 shares of company stock valued at $152,085 in the last quarter. 30.04% of the stock is owned by corporate 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.