Maverick Capital Ltd Sells 5,323,111 Shares of Infleqtion (NYSE:INFQ) Stock

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 5,323,111 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $16.77, for a total transaction of $89,268,571.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, May 21st, Maverick Capital Ltd sold 6,584,519 shares of Infleqtion stock. The stock was sold at an average price of $14.69, for a total transaction of $96,726,584.11.

Infleqtion Stock Down 2.9%

Shares of NYSE:INFQ traded down $0.48 during midday trading on Tuesday, reaching $15.87. 33,475,397 shares of the company were exchanged, compared to its average volume of 6,881,982. The firm has a market cap of $3.44 billion and a price-to-earnings ratio of -176.33. Infleqtion has a fifty-two week low of $8.52 and a fifty-two week high of $27.50.

Infleqtion (NYSE:INFQ) last announced its earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share for the quarter.

Analyst Ratings Changes

Several research analysts have recently weighed in on INFQ shares. BTIG Research assumed coverage on Infleqtion in a report on Friday, April 10th. They set a “buy” rating and a $22.00 price objective for the company. Citigroup started coverage on Infleqtion in a research note on Tuesday, April 14th. They issued a “buy” rating and a $20.00 target price on the stock. Wall Street Zen raised Infleqtion to a “sell” rating in a research report on Saturday, April 18th. Finally, UBS Group initiated coverage on shares of Infleqtion in a research note on Wednesday, April 29th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Infleqtion presently has a consensus rating of “Buy” and an average price target of $21.00.

Infleqtion Company Profile

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.