Maverick Capital Ltd Sells 1,324 Shares of Infleqtion (NYSE:INFQ) Stock

Infleqtion (NYSE:INFQGet Free Report) Director Maverick Capital Ltd sold 1,324 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $10.88, for a total value of $14,405.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Maverick Capital Ltd also recently made the following trade(s):

  • On Thursday, August 13th, Maverick Capital Ltd sold 1,609 shares of Infleqtion stock. The stock was sold at an average price of $12.19, for a total value of $19,613.71.
  • On Tuesday, August 11th, Maverick Capital Ltd sold 1,079 shares of Infleqtion stock. The shares were sold at an average price of $11.82, for a total value of $12,753.78.
  • On Monday, August 10th, Maverick Capital Ltd sold 5,488 shares of Infleqtion stock. The stock was sold at an average price of $11.69, for a total transaction 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 transaction 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 transaction of $89,352.13.
  • On Tuesday, August 4th, Maverick Capital Ltd sold 28,168 shares of Infleqtion stock. The shares were 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 stock was acquired at an average price 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.
  • On Friday, May 22nd, Maverick Capital Ltd sold 5,323,111 shares of Infleqtion stock. The shares were sold at an average price of $16.77, for a total transaction of $89,268,571.47.
  • On Thursday, May 21st, Maverick Capital Ltd sold 6,584,519 shares of Infleqtion stock. The shares were sold at an average price of $14.69, for a total transaction of $96,726,584.11.

Infleqtion Stock Performance

Shares of NYSE INFQ traded up $0.67 during trading on Friday, reaching $12.85. 11,583,313 shares of the company traded hands, compared to its average volume of 9,595,257. The firm has a market cap of $2.80 billion and a PE ratio of -142.76. The company has a fifty day moving average price of $11.87. Infleqtion has a 12-month low of $8.52 and a 12-month high of $27.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on INFQ shares. Wall Street Zen lowered Infleqtion from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. UBS Group began coverage on shares of Infleqtion in a report on Wednesday, April 29th. They set a “buy” rating on the stock. Canaccord Genuity Group started coverage on shares of Infleqtion in a research report on Thursday, July 2nd. They set a “buy” rating and a $22.00 price target on the stock. Craig Hallum began coverage on shares of Infleqtion in a report on Wednesday, July 22nd. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Wedbush assumed coverage on shares of Infleqtion in a research report on Monday, August 3rd. They issued an “outperform” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Infleqtion presently has an average rating of “Moderate Buy” and an average price target of $20.60.

View Our Latest Report on Infleqtion

Institutional Investors Weigh In On Infleqtion

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in Infleqtion by 1,350.7% during the second quarter. Bank of New York Mellon Corp now owns 1,076,802 shares of the quantum tech company’s stock worth $14,343,000 after acquiring an additional 1,002,576 shares during the period. Davis Asset Management L.P. acquired a new stake in shares of Infleqtion in the second quarter valued at about $27,783,000. Finally, S&G Foundation acquired a new stake in shares of Infleqtion in the second quarter valued at about $154,164,000.

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.

See Also

Insider Buying and Selling by Quarter for Infleqtion (NYSE:INFQ)

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