ARK Investment Management LLC has recently increased its position in Quantum-Si Incorporated (NASDAQ:QSI) by 9.0% during the second quarter of 2023, according to the company’s 13F filing with the Securities and Exchange Commission (SEC). This move demonstrates ARK Investment Management’s growing confidence in Quantum-Si’s potential and future prospects.
As of the end of the second quarter, ARK Investment Management LLC now owns 12,754,531 shares of Quantum-Si’s stock, representing approximately 9.01% of the company’s outstanding shares and a value of $22,831,000. This increase in ownership signifies ARK Investment Management’s belief in Quantum-Si’s long-term success.
Quantum-Si, listed on the NASDAQ under the ticker symbol QSI, focuses on developing technologies related to quantum computing and silicon-based solutions. Although the company recorded an EPS of ($0.18) and generated $0.21 million in revenue for the quarter, it is essential to consider that emerging technology companies often prioritize research and development over short-term profitability.
The interest and investment from institutional investors like ARK Investment Management LLC further solidify Quantum-Si’s position within the market and may attract more attention from other investors. This growing confidence in Quantum-Si’s future growth potential reflects the significance of the company’s role in cutting-edge technologies such as quantum computing.
It is important to note that the information in this article is based on available data as of September 17, 2023. Market conditions and company developments can change rapidly, so it is advisable to stay updated with the latest information.
Source:
– Securities and Exchange Commission (SEC) filing by ARK Investment Management LLC