Insider Buying: Infleqtion (NYSE:INFQ) Director Acquires $646,721.82 in Stock

by · The Markets Daily

Infleqtion (NYSE:INFQ – Get Free Report) Director Maverick Capital Ltd bought 52,071 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average price of $12.42 per share, for a total transaction of $646,721.82. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

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 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 transaction of $64,154.72.
  • On Friday, August 7th, Maverick Capital Ltd sold 6,346 shares of Infleqtion stock. The shares were 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 Wednesday, August 5th, Maverick Capital Ltd sold 1,324 shares of Infleqtion stock. The stock was sold at an average price of $10.88, for a total transaction 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, May 29th, Maverick Capital Ltd sold 1,797,637 shares of Infleqtion stock. The shares were 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 Trading Up 5.5%

Shares of NYSE INFQ traded up $0.67 during mid-day trading on Friday, reaching $12.85. The company had a trading volume of 11,583,313 shares, compared to its average volume of 9,595,257. Infleqtion has a twelve month low of $8.52 and a twelve month high of $27.50. The stock has a 50 day simple moving average of $11.87.

Analyst Ratings Changes

INFQ has been the topic of several research reports. Wedbush assumed coverage on Infleqtion in a research report on Monday, August 3rd. They issued an “outperform” rating and a $20.00 target price on the stock. UBS Group began coverage on Infleqtion in a report on Wednesday, April 29th. They set a “buy” rating for the company. Craig Hallum started coverage on Infleqtion in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $19.00 price target for the company. Zacks Research upgraded Infleqtion to a “hold” rating in a report on Monday, June 29th. Finally, Weiss Ratings assumed coverage on shares of Infleqtion in a research report on Wednesday, May 27th. They set a “sell (d)” rating 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Infleqtion presently has an average rating of “Moderate Buy” and an average target price of $20.60.

Read Our Latest Report on INFQ

Institutional Trading of Infleqtion

Several large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in shares of Infleqtion by 1,350.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,076,802 shares of the quantum tech company’s stock valued at $14,343,000 after acquiring an additional 1,002,576 shares during the last quarter. Davis Asset Management L.P. acquired a new stake in Infleqtion in the 2nd quarter worth approximately $27,783,000. Finally, S&G Foundation acquired a new stake in Infleqtion in the 2nd quarter worth approximately $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.

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