Insider Selling: Infleqtion (NYSE:INFQ) Director Sells $75,327.02 in Stock

Infleqtion (NYSE:INFQ) Director Maverick Capital Ltd sold 6,346 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $11.87, for a total transaction of $75,327.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 value 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 value of $64,154.72.
• On Thursday, August 6th, Maverick Capital Ltd sold 8,057 shares of Infleqtion stock. The stock was 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 stock was 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 shares were sold at an average price of $11.44, for a total transaction of $322,241.92.
• On Friday, August 14th, Maverick Capital Ltd purchased 52,071 shares of Infleqtion stock. The shares were purchased at an average cost 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 shares were sold at an average price of $16.10, for a total transaction 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%

NYSE INFQ traded up $0.67 during trading hours on Friday, reaching $12.85. 11,583,313 shares of the company traded hands, compared to its average volume of 9,595,257. Infleqtion has a 12 month low of $8.52 and a 12 month high of $27.50. The stock has a 50 day simple moving average of $11.87. The stock has a market capitalization of $2.80 billion and a PE ratio of -142.76.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. 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 worth $14,343,000 after purchasing an additional 1,002,576 shares in the last quarter. Davis Asset Management L.P. bought a new position in Infleqtion during the 2nd quarter valued at $27,783,000. Finally, S&G Foundation bought a new position in Infleqtion during the 2nd quarter valued at $154,164,000.

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.