Quantum-Si Sees Unusually High Options Volume (NASDAQ:QSI)

Quantum-Si incorporated (NASDAQ:QSI) was the target of some unusual options trading activity on Tuesday. Traders bought 16,070 call options on the stock. This is an increase of 137% compared to the average volume of 6,783 call options.

Quantum-Si Trading Up 8.3 %

QSI stock traded up $0.20 during mid-day trading on Thursday, hitting $2.55. 35,669,937 shares of the company were exchanged, compared to its average volume of 63,313,086. The business has a 50 day simple moving average of $1.78 and a 200-day simple moving average of $1.22. Quantum-Si has a 1-year low of $0.61 and a 1-year high of $5.77. The stock has a market capitalization of $363.20 million, a PE ratio of -4.00 and a beta of 2.74.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on QSI shares. Canaccord Genuity Group cut their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. HC Wainwright reissued a “buy” rating and set a $5.50 price target on shares of Quantum-Si in a research report on Tuesday.

Insider Activity at Quantum-Si

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $3.34, for a total value of $11,710,931.78. Following the sale, the director now owns 1,250,000 shares in the company, valued at approximately $4,175,000. The trade was a 73.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 30.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Quantum-Si

A number of institutional investors have recently modified their holdings of QSI. 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 buying an additional 10,811 shares in the last quarter. XTX Topco Ltd boosted its position in Quantum-Si by 81.3% in the third quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock valued at $39,000 after buying an additional 19,651 shares in the last quarter. Green Alpha Advisors LLC grew its stake in shares of Quantum-Si by 35.4% during the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after buying an additional 45,796 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Quantum-Si during the third quarter worth $53,000. Finally, Barclays PLC lifted its stake in shares of Quantum-Si by 210.5% in the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after acquiring an additional 133,438 shares during the last quarter. Institutional investors own 39.90% of the company’s stock.

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.