Sumitomo Mitsui Trust Group Inc. Cuts Stock Holdings in Quantum-Si incorporated (NASDAQ:QSI)

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Quantum-Si incorporated (NASDAQ:QSI) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,547,912 shares of the company’s stock after selling 315,249 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.05% of Quantum-Si worth $6,659,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of QSI. Green Alpha Advisors LLC boosted its stake in Quantum-Si by 35.4% in the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after acquiring an additional 45,796 shares in the last quarter. SG Americas Securities LLC acquired a new position in Quantum-Si in the third quarter valued at $53,000. XTX Topco Ltd acquired a new position in Quantum-Si in the second quarter valued at $25,000. Bank of New York Mellon Corp boosted its stake in Quantum-Si by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after acquiring an additional 10,811 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Quantum-Si in the first quarter valued at $98,000. Institutional investors and hedge funds own 39.90% of the company’s stock.

Wall Street Analyst Weigh In

QSI has been the subject of several research analyst reports. Canaccord Genuity Group decreased their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. HC Wainwright reiterated a “buy” rating and set a $4.00 target price on shares of Quantum-Si in a research note on Wednesday, November 13th.

Quantum-Si Stock Performance

Shares of QSI opened at $0.66 on Tuesday. Quantum-Si incorporated has a fifty-two week low of $0.65 and a fifty-two week high of $2.43. The company has a market capitalization of $94.09 million, a price-to-earnings ratio of -1.03 and a beta of 2.89. The firm has a 50-day simple moving average of $0.85 and a 200-day simple moving average of $1.09.

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.