Maverick Capital Ltd Sells 33,405 Shares of Infleqtion (NYSE:INFQ) Stock

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 33,405 shares of Infleqtion stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $12.62, for a total transaction of $421,571.10. Following the transaction, the director owned 1,546,057 shares of the company’s stock, valued at approximately $19,511,239.34. The trade was a 2.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, August 21st, Maverick Capital Ltd sold 164,824 shares of Infleqtion stock. The shares were sold at an average price of $13.02, for a total transaction of $2,146,008.48.
• 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 stock was sold at an average price of $11.69, for a total value 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 value 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 value of $89,352.13.
• On Wednesday, August 5th, Maverick Capital Ltd sold 1,324 shares of Infleqtion stock. The shares were sold at an average price of $10.88, for a total value 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 value of $322,241.92.
• On Friday, August 14th, Maverick Capital Ltd purchased 52,071 shares of Infleqtion stock. The stock was bought at an average cost of $12.42 per share, with a total value 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.

Infleqtion Price Performance

Shares of NYSE:INFQ opened at $14.08 on Friday. The stock has a market capitalization of $3.07 billion and a P/E ratio of -93.87. Infleqtion has a 52-week low of $8.52 and a 52-week high of $27.50. The firm has a fifty day moving average of $11.78.

Infleqtion (NYSE:INFQ) last posted its quarterly earnings data on Wednesday, August 12th. The quantum tech company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The company had revenue of $13.54 million during the quarter. Sell-side analysts forecast that Infleqtion will post -0.24 EPS for the current year.

Hedge Funds Weigh In On Infleqtion

Several institutional investors and hedge funds have recently bought and sold shares of INFQ. Investor s Fiduciary Advisor Network LLC acquired a new position in shares of Infleqtion in the 2nd quarter valued at $194,000. Secure Asset Management LLC acquired a new stake in shares of Infleqtion during the 2nd quarter worth $847,000. Wellington Management Group LLP purchased a new position in shares of Infleqtion in the 2nd quarter worth $3,708,000. Bank of New York Mellon Corp raised its position in shares of Infleqtion by 1,350.7% in the 2nd 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 buying an additional 1,002,576 shares during the period. Finally, Davis Asset Management L.P. acquired a new position in Infleqtion in the second quarter valued at $27,783,000.

Wall Street Analysts Forecast Growth

INFQ has been the topic of a number of analyst reports. Citigroup raised their target price on shares of Infleqtion from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings began coverage on Infleqtion in a research note on Wednesday, May 27th. They set a “sell (d)” rating on the stock. Zacks Research raised Infleqtion to a “hold” rating in a research note on Monday, June 29th. UBS Group assumed coverage on Infleqtion in a report on Wednesday, April 29th. They set a “buy” rating on the stock. Finally, Wedbush began coverage on Infleqtion in a research report on Monday, August 3rd. They issued an “outperform” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Trending Headlines about Infleqtion

Here are the key news stories impacting Infleqtion this week:

• Positive Sentiment: Citigroup raised its price target for Infleqtion from $20 to $22 and reiterated a “Buy” rating. The higher target reinforces the bullish outlook and implies substantial upside from recent trading levels. Infleqtion Stock Surges Following Citi’s Price Target Upgrade
• Positive Sentiment: Infleqtion was highlighted by The Motley Fool as one of three quantum-computing stocks worth considering, alongside IonQ and Quantinuum. The favorable coverage may improve the company’s visibility among growth-oriented investors. The Quantum Computing Race Is Heating Up
• Positive Sentiment: Quantum stocks rallied broadly, with Infleqtion among the strongest performers. The move reflects renewed enthusiasm for the quantum-computing investment theme, rather than a newly reported change in Infleqtion’s financial results. Infleqtion and Other Quantum Stocks Rally
• Neutral Sentiment: Analyst coverage remains broadly favorable: MarketBeat reports a “Moderate Buy” consensus and an average price target of $21, while Wall Street Zen upgraded its view from “Strong Sell” to “Sell.” The mixed ratings indicate optimism is not universal. Infleqtion Rating Update
• Negative Sentiment: Maverick Capital sold 198,229 Infleqtion shares in transactions dated August 19 and August 21 for approximately $2.57 million. Although it retained a sizable position, the reduction may weigh on sentiment by signaling profit-taking or lower near-term conviction. SEC Form 4 Insider Transaction
• Negative Sentiment: Infleqtion’s latest quarterly loss was $0.11 per share, wider than the $0.07 analyst consensus, despite reported revenue of $13.54 million. The earnings miss highlights execution and valuation risks for the loss-making company.

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.