11,573,878 Shares in Infleqtion $INFQ Purchased by S&G Foundation

S&G Foundation bought a new stake in shares of Infleqtion (NYSE:INFQ) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 11,573,878 shares of the quantum tech company’s stock, valued at approximately $154,164,000. Infleqtion makes up about 7.2% of S&G Foundation’s portfolio, making the stock its 4th biggest position. S&G Foundation owned approximately 0.05% of Infleqtion as of its most recent filing with the SEC.

Separately, Davis Asset Management L.P. purchased a new stake in shares of Infleqtion in the second quarter valued at about $27,783,000.

Key Infleqtion News

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.

Wall Street Analyst Weigh In

INFQ has been the topic of several research reports. Canaccord Genuity Group initiated coverage on shares of Infleqtion in a research report on Thursday, July 2nd. They issued a “buy” rating and a $22.00 price target on the stock. Weiss Ratings assumed coverage on Infleqtion in a research note on Wednesday, May 27th. They issued a “sell (d)” rating on the stock. Citigroup increased their target price on Infleqtion from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday. Wall Street Zen raised Infleqtion from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Wedbush assumed coverage on shares of Infleqtion in a research note on Monday, August 3rd. They issued an “outperform” rating and a $20.00 target price for the company. One investment 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 company’s stock. Based on data from MarketBeat.com, Infleqtion currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Infleqtion Price Performance

INFQ opened at $14.08 on Friday. The business has a 50 day moving average of $11.78. Infleqtion has a 1 year low of $8.52 and a 1 year high of $27.50. The firm has a market capitalization of $3.07 billion and a PE ratio of -93.87.

Infleqtion (NYSE:INFQ) last issued its quarterly 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 for the quarter. On average, research analysts expect that Infleqtion will post -0.24 earnings per share for the current year.

Insider Buying and Selling

In other news, CRO Paul Lipman sold 100,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $15.83, for a total transaction of $1,583,000.00. Following the completion of the sale, the executive directly owned 100,000 shares in the company, valued at $1,583,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Pranav Gokhale sold 120,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $17.73, for a total value of $2,127,600.00. Following the completion of the transaction, the chief technology officer directly owned 2,218,980 shares in the company, valued at $39,342,515.40. This trade represents a 5.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,227,639 shares of company stock worth $67,357,171 over the last 90 days.

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.