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 firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $16.77, for a total value of $89,268,571.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 value of $96,726,584.11.

Infleqtion Trading Down 2.9%

NYSE INFQ traded down $0.48 on Tuesday, reaching $15.87. The company had a trading volume of 33,475,397 shares, compared to its average volume of 6,881,982. Infleqtion has a 52 week low of $8.52 and a 52 week high of $27.50. The company has a market capitalization of $3.44 billion and a PE ratio of -176.33.

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

Analysts Set New Price Targets

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

About Infleqtion

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.