ARK Investment Management LLC Reduces Stock Holdings in Quantum-Si incorporated (NASDAQ:QSI)

ARK Investment Management LLC decreased its position in Quantum-Si incorporated (NASDAQ:QSI) by 25.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,848,650 shares of the company’s stock after selling 2,993,959 shares during the period. ARK Investment Management LLC owned about 6.20% of Quantum-Si worth $23,891,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of QSI. Geode Capital Management LLC lifted its stake in Quantum-Si by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after purchasing an additional 145,091 shares during the last quarter. Barclays PLC lifted its stake in Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after purchasing an additional 133,438 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Quantum-Si during the third quarter worth $53,000. Bank of New York Mellon Corp lifted its position in shares of Quantum-Si by 21.3% during the fourth quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company’s stock worth $728,000 after acquiring an additional 47,400 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Quantum-Si during the fourth quarter worth $95,000. Hedge funds and other institutional investors own 39.90% of the company’s stock.

Analyst Ratings Changes

QSI has been the topic of several recent research reports. Alliance Global Partners initiated coverage on Quantum-Si in a research report on Friday, February 7th. They set a “buy” rating and a $3.75 target price on the stock. Canaccord Genuity Group dropped their target price on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, HC Wainwright restated a “buy” rating and set a $5.50 target price on shares of Quantum-Si in a research report on Tuesday, January 14th.

Quantum-Si Stock Performance

Quantum-Si stock opened at $1.46 on Wednesday. The stock has a market cap of $208.36 million, a P/E ratio of -2.28 and a beta of 2.70. Quantum-Si incorporated has a fifty-two week low of $0.61 and a fifty-two week high of $5.77. The firm’s fifty day moving average price is $2.23 and its 200-day moving average price is $1.43.

Insider Transactions at Quantum-Si

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $3.34, for a total value of $11,710,931.78. Following the transaction, the director now owns 1,250,000 shares of the company’s stock, valued at approximately $4,175,000. This represents a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 30.04% of the company’s stock.

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.