ARK Investment Management LLC Sells 567,320 Shares of Quantum-Si incorporated (NASDAQ:QSI)

ARK Investment Management LLC trimmed its stake in shares of Quantum-Si incorporated (NASDAQ:QSI) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 11,842,609 shares of the company’s stock after selling 567,320 shares during the quarter. ARK Investment Management LLC owned 0.08% of Quantum-Si worth $10,448,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of QSI. XTX Topco Ltd purchased a new stake in shares of Quantum-Si during the second quarter valued at approximately $25,000. Public Employees Retirement System of Ohio bought a new stake in Quantum-Si during the 1st quarter valued at $27,000. Bleakley Financial Group LLC purchased a new stake in Quantum-Si during the 1st quarter valued at $28,000. SG Americas Securities LLC purchased a new stake in Quantum-Si during the 3rd quarter valued at $53,000. Finally, Virtu Financial LLC bought a new stake in Quantum-Si in the 1st quarter worth $98,000. 39.90% of the stock is owned by hedge funds and other institutional investors.

Quantum-Si Price Performance

Shares of NASDAQ:QSI opened at $0.90 on Friday. The company has a 50-day moving average price of $0.86 and a 200-day moving average price of $1.14. Quantum-Si incorporated has a 12 month low of $0.70 and a 12 month high of $2.43.

Quantum-Si (NASDAQ:QSI) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.05. The business had revenue of $0.62 million during the quarter, compared to analyst estimates of $0.66 million. Quantum-Si had a negative return on equity of 33.02% and a negative net margin of 5,249.65%. Equities analysts expect that Quantum-Si incorporated will post -0.71 earnings per share for the current year.

Insider Activity at Quantum-Si

In related news, Director Charles R. Kummeth purchased 31,100 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $0.89 per share, for a total transaction of $27,679.00. Following the completion of the acquisition, the director now directly owns 355,000 shares in the company, valued at approximately $315,950. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 30.04% of the stock is owned by corporate insiders.

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.