Infleqtion $INFQ Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in Infleqtion (NYSE:INFQ) by 13,114.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,432 shares of the quantum tech company’s stock after purchasing an additional 136,392 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.06% of Infleqtion worth $1,836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of INFQ. Green Alpha Advisors LLC bought a new stake in shares of Infleqtion during the third quarter valued at approximately $199,000. Tidal Investments LLC acquired a new position in shares of Infleqtion during the second quarter worth approximately $320,000. Integrated Wealth Concepts LLC bought a new position in Infleqtion in the 2nd quarter worth approximately $41,000. NewEdge Advisors LLC bought a new position in Infleqtion in the 2nd quarter worth approximately $56,000. Finally, IFP Advisors Inc acquired a new stake in Infleqtion in the 2nd quarter valued at approximately $221,000.

Insider Transactions at Infleqtion

In other news, Director Maverick Capital Ltd sold 164,824 shares of Infleqtion stock in a transaction on Friday, August 21st. The stock was sold at an average price of $13.02, for a total transaction of $2,146,008.48. Following the transaction, the director directly owned 1,381,233 shares in the company, valued at approximately $17,983,653.66. This trade represents a 10.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 250,300 shares of company stock worth $3,165,428.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. BTIG Research reaffirmed a “buy” rating and set a $25.00 target price on shares of Infleqtion in a research note on Friday, September 25th. Canaccord Genuity Group began coverage on Infleqtion in a research note on Thursday, July 2nd. They issued a “buy” rating and a $22.00 price target for the company. Craig Hallum initiated coverage on Infleqtion in a report on Wednesday, July 22nd. They set a “buy” rating and a $19.00 price target on the stock. B. Riley Financial started coverage on Infleqtion in a report on Friday, September 4th. They set a “buy” rating on the stock. Finally, Citigroup lifted their price objective on shares of Infleqtion from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.43.

Infleqtion Stock Up 7.2%

Infleqtion stock opened at $9.28 on Thursday. The company has a 50 day moving average of $12.51. Infleqtion has a 12-month low of $8.38 and a 12-month high of $24.22.

Infleqtion (NYSE:INFQ) last announced its earnings results on Wednesday, August 12th. The quantum tech company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The company had revenue of $13.54 million during the quarter. As a group, sell-side analysts anticipate that Infleqtion will post -0.24 EPS for the current fiscal year.

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.