Key Points
- Maverick Capital sold 164,824 Infleqtion shares for approximately $2.15 million at an average price of $13.02, reducing its position by 10.66% to 1.38 million shares. The firm has made several recent sales, including 33,405 shares on August 19.
- Infleqtion shares opened at $14.08 and have gained 12.2%, with a market capitalization of about $3.07 billion. However, the company reported a quarterly loss of $0.11 per share, missing analysts’ $0.07-loss estimate, on revenue of $13.54 million.
- Analyst sentiment remains mixed but leans positive: Infleqtion carries a “Moderate Buy” consensus rating and a $21 average price target, while Wall Street Zen maintains a “Sell” rating. Institutional investors, including S&G Foundation and Davis Asset Management, recently established sizable positions.
Infleqtion (NYSE:INFQ - Get Free Report) Director Maverick Capital Ltd sold 33,405 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $12.62, for a total value of $421,571.10. Following the completion of the transaction, the director directly owned 1,546,057 shares in the company, valued at $19,511,239.34. This trade represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Maverick Capital Ltd also recently made the following trade(s):
- On Friday, August 21st, Maverick Capital Ltd sold 164,824 shares of Infleqtion stock. The shares were sold at an average price of $13.02, for a total transaction of $2,146,008.48.
- On Thursday, August 13th, Maverick Capital Ltd sold 1,609 shares of Infleqtion stock. The shares were sold at an average price of $12.19, for a total transaction of $19,613.71.
- On Tuesday, August 11th, Maverick Capital Ltd sold 1,079 shares of Infleqtion stock. The stock was sold at an average price of $11.82, for a total transaction of $12,753.78.
- On Monday, August 10th, Maverick Capital Ltd sold 5,488 shares of Infleqtion stock. The shares were sold at an average price of $11.69, for a total value of $64,154.72.
- On Friday, August 7th, Maverick Capital Ltd sold 6,346 shares of Infleqtion stock. The stock was sold at an average price of $11.87, for a total value of $75,327.02.
- On Thursday, August 6th, Maverick Capital Ltd sold 8,057 shares of Infleqtion stock. The shares were sold at an average price of $11.09, for a total value of $89,352.13.
- On Wednesday, August 5th, Maverick Capital Ltd sold 1,324 shares of Infleqtion stock. The shares were sold at an average price of $10.88, for a total value of $14,405.12.
- On Tuesday, August 4th, Maverick Capital Ltd sold 28,168 shares of Infleqtion stock. The stock was sold at an average price of $11.44, for a total transaction of $322,241.92.
- On Friday, August 14th, Maverick Capital Ltd acquired 52,071 shares of Infleqtion stock. The shares were acquired at an average cost of $12.42 per share, for a total transaction of $646,721.82.
- On Friday, May 29th, Maverick Capital Ltd sold 1,797,637 shares of Infleqtion stock. The stock was sold at an average price of $16.10, for a total transaction of $28,941,955.70.
Infleqtion Stock Up 12.2%
INFQ stock opened at $14.08 on Friday. The firm has a market cap of $3.07 billion and a PE ratio of -93.87. Infleqtion has a 52 week low of $8.52 and a 52 week high of $27.50. The stock has a 50 day moving average of $11.78.
Infleqtion (NYSE:INFQ - Get Free Report) last released its earnings results on Wednesday, August 12th. The quantum tech company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.04). The company had revenue of $13.54 million during the quarter. Sell-side analysts anticipate that Infleqtion will post -0.24 earnings per share for the current year.
Infleqtion News Roundup
Here are the key news stories impacting Infleqtion this week:
- Positive Sentiment: Infleqtion was identified alongside IonQ and Quantinuum as one of the three most attractive quantum-computing stocks to buy, supporting optimism about its long-term growth potential and visibility within the sector. The Quantum Computing Race Is Heating Up: The Top 3 Stocks to Buy Right Now
- Positive Sentiment: Quantum stocks rallied broadly, with Infleqtion among the strongest performers in Friday trading. The move appears tied primarily to renewed enthusiasm for the quantum-computing theme rather than a company-specific fundamental announcement. Infleqtion Soars 10%, Rigetti Jumps 9%, IonQ Climbs 7%: What's Driving Quantum Computing Stocks Now?
- Neutral Sentiment: Market coverage focused on Infleqtion’s strong trading performance, technical indicators, analyst views and price targets, suggesting momentum traders were contributing to the advance. What's Going On With Infleqtion Stock Friday?
- Negative Sentiment: Wall Street Zen assigned Infleqtion a “Sell” rating, creating a bearish counterpoint to the broader quantum-sector enthusiasm. Infleqtion Upgraded to Sell at Wall Street Zen
- Negative Sentiment: Maverick Capital sold a combined 198,229 INFQ shares in transactions on August 19 and August 21 for approximately $2.57 million. The sales reduced its reported position and may raise concerns about insider confidence, even though it retained a substantial stake. SEC Form 4 Filing
Institutional Trading of Infleqtion
Institutional investors and hedge funds have recently made changes to their positions in the business. Investor s Fiduciary Advisor Network LLC purchased a new position in shares of Infleqtion during the 2nd quarter valued at approximately $194,000. Secure Asset Management LLC purchased a new stake in shares of Infleqtion during the second quarter worth about $847,000. Wellington Management Group LLP purchased a new position in Infleqtion in the 2nd quarter valued at about $3,708,000. S&G Foundation acquired a new stake in Infleqtion in the 2nd quarter worth about $154,164,000. Finally, Davis Asset Management L.P. purchased a new position in shares of Infleqtion in the second quarter valued at approximately $27,783,000.
Wall Street Analysts Forecast Growth
INFQ has been the subject of a number of recent research reports. Wall Street Zen upgraded Infleqtion from a "strong sell" rating to a "sell" rating in a research note on Saturday. Citigroup boosted their price target on Infleqtion from $20.00 to $22.00 and gave the company a "buy" rating in a report on Friday. Weiss Ratings initiated coverage on shares of Infleqtion in a research note on Wednesday, May 27th. They set a "sell (d)" rating on the stock. UBS Group initiated coverage on shares of Infleqtion in a research note on Wednesday, April 29th. They issued a "buy" rating for the company. Finally, Wedbush assumed coverage on shares of Infleqtion in a report on Monday, August 3rd. They set an "outperform" rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $21.00.
Read Our Latest Report on INFQ
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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