Key Points
- Director David Singer sold 5,249,967 Infleqtion shares on May 22 at an average price of $16.76, totaling about $87.99 million, according to an SEC filing.
- Infleqtion stock opened at $15.34, giving the company a $3.35 billion market cap, and it has traded between $8.52 and $27.50 over the past year.
- Despite the insider sale, analysts remain broadly constructive: several firms have Buy ratings on the stock, with a consensus price target of $21.00.
Infleqtion (NYSE:INFQ - Get Free Report) CEO Matthew John Kinsella sold 112,065 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $15.56, for a total transaction of $1,743,731.40. Following the completion of the sale, the chief executive officer owned 336,197 shares in the company, valued at approximately $5,231,225.32. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Matthew John Kinsella also recently made the following trade(s):
- On Friday, May 22nd, Matthew John Kinsella sold 112,065 shares of Infleqtion stock. The shares were sold at an average price of $17.75, for a total transaction of $1,989,153.75.
- On Friday, May 22nd, Matthew John Kinsella sold 545,824 shares of Infleqtion stock. The shares were sold at an average price of $17.19, for a total transaction of $9,382,714.56.
Infleqtion Stock Performance
INFQ opened at $15.34 on Thursday. Infleqtion has a 1-year low of $8.52 and a 1-year high of $27.50. The company has a market capitalization of $3.35 billion and a PE ratio of -170.39.
Infleqtion (NYSE:INFQ - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share for the quarter.
Analyst Ratings Changes
INFQ has been the topic of several recent research reports. UBS Group initiated coverage on shares of Infleqtion in a research report on Wednesday, April 29th. They set a "buy" rating on the stock. Citigroup initiated coverage on shares of Infleqtion in a research report on Tuesday, April 14th. They set a "buy" rating and a $20.00 target price on the stock. Wall Street Zen upgraded shares of Infleqtion to a "sell" rating in a research report on Saturday, April 18th. Finally, BTIG Research initiated coverage on shares of Infleqtion in a research report on Friday, April 10th. They set a "buy" rating and a $22.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Infleqtion currently has an average rating of "Buy" and an average target price of $21.00.
View Our Latest Stock Analysis on Infleqtion
Key Infleqtion News
Here are the key news stories impacting Infleqtion this week:
- Positive Sentiment: The U.S. government plans to invest up to $100 million each in Infleqtion, D-Wave, and Rigetti, highlighting growing strategic interest in quantum computing. Article Title
- Positive Sentiment: Recent commentary says Infleqtion is already generating real-world revenue from quantum sensing, atomic clocks, and defense-grade infrastructure, which supports the bullish case for the company’s commercial progress. Article Title
- Neutral Sentiment: Analysts remain generally constructive, with several firms carrying Buy ratings and an average price target around $21, suggesting Wall Street still sees upside despite near-term volatility. Article Title
- Negative Sentiment: Director David B. Singer sold more than 5.2 million shares, a very large reduction that may raise concerns about insider confidence. Article Title
- Negative Sentiment: CEO Matthew John Kinsella also sold significant blocks of stock, including transactions that cut his ownership materially, adding to the bearish tone around the shares. Article Title
- Negative Sentiment: Maverick Capital Ltd disclosed additional large sales of Infleqtion shares, reinforcing the view that major holders are trimming exposure. Article Title
About Infleqtion
(
Get Free Report)
We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.
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