Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Chief Commercial Officer of Quantum-Si Inc (NASDAQ:QSI), Todd C. Bennett, sold a total of 36,964 shares of Class A Common Stock on September 22 and 23. The sales, executed in two tranches, amounted to approximately $61,315. The timing of these sales coincides with QSI’s strong market performance, with the stock showing a 28% gain over the past week and a remarkable 72% return over the last year.
On September 22, Bennett sold 18,482 shares at a weighted average price of $1.6826, with prices ranging from $1.64 to $1.72. The following day, September 23, another 18,482 shares were sold at a weighted average price of $1.635, with prices ranging from $1.57 to $1.79. According to InvestingPro data, QSI maintains a strong balance sheet with more cash than debt and a healthy current ratio of 9.4x.
The sales were executed to cover federal, state, and local withholding taxes related to the vesting of previously granted restricted stock units, according to a footnote in the SEC filing. Following these transactions, Bennett directly owns 681,521 shares of Quantum-Si Inc. While the company currently trades at a high revenue multiple and is not yet profitable, it maintains a solid financial health score according to InvestingPro’s comprehensive analysis.
In other recent news, Quantum-Si Incorporated reported its financial results for the second quarter of 2025. The company posted an earnings per share of -$0.16, which was slightly below the forecast of -$0.14. While Quantum-Si experienced a revenue surprise, surpassing expectations by 15.7%, the actual revenue of $591,000 did not meet some analysts’ estimates. Additionally, the company announced the launch of its V4 Sequencing Kit, which is compatible with both Platinum and Platinum Pro instruments. This new kit enhances protein analysis capabilities by improving sequencing coverage and introducing new enzyme functions. These developments reflect Quantum-Si’s ongoing efforts to advance its technological offerings.
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