Maverick Capital Ltd Sells 8,057 Shares of Infleqtion (NYSE:INFQ) Stock

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 8,057 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $11.09, for a total value of $89,352.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were 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 shares were 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 stock was sold at an average price of $11.87, for a total transaction of $75,327.02.
• 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 shares were sold at an average price of $11.44, for a total value of $322,241.92.
• On Friday, August 14th, Maverick Capital Ltd purchased 52,071 shares of Infleqtion stock. The stock was purchased 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 value 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 value of $89,268,571.47.
• 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 Stock Up 5.5%

Shares of Infleqtion stock traded up $0.67 during trading hours on Friday, reaching $12.85. 11,583,313 shares of the stock traded hands, compared to its average volume of 9,595,257. Infleqtion has a one year low of $8.52 and a one year high of $27.50. The company has a market capitalization of $2.80 billion and a price-to-earnings ratio of -142.76. The business’s 50 day moving average is $11.87.

Institutional Investors Weigh In On Infleqtion

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings 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 valued at $14,343,000 after acquiring an additional 1,002,576 shares during the period. Davis Asset Management L.P. purchased a new stake in shares of Infleqtion during the second quarter worth about $27,783,000. Finally, S&G Foundation bought a new stake in Infleqtion during the 2nd quarter valued at approximately $154,164,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings initiated coverage on shares of Infleqtion in a research report on Wednesday, May 27th. They set a “sell (d)” rating for the company. Zacks Research raised Infleqtion to a “hold” rating in a report on Monday, June 29th. Canaccord Genuity Group started coverage on Infleqtion in a research report on Thursday, July 2nd. They issued a “buy” rating and a $22.00 price target for the company. Craig Hallum began coverage on Infleqtion in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, UBS Group started coverage on Infleqtion in a research report on Wednesday, April 29th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.60.

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.