Quadrature Capital Ltd Makes New $723,000 Investment in Quantum Computing Inc. $QUBT

Quadrature Capital Ltd acquired a new stake in Quantum Computing Inc. (NASDAQ:QUBT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 37,725 shares of the company’s stock, valued at approximately $723,000.

Other hedge funds also recently modified their holdings of the company. J.W. Cole Advisors Inc. grew its stake in Quantum Computing by 3.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 21,070 shares of the company’s stock valued at $404,000 after buying an additional 770 shares during the last quarter. XTX Topco Ltd acquired a new stake in Quantum Computing during the second quarter worth approximately $1,208,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Quantum Computing by 181.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,624 shares of the company’s stock worth $69,000 after acquiring an additional 2,337 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Quantum Computing in the second quarter valued at approximately $226,000. Finally, Prudential Financial Inc. acquired a new position in shares of Quantum Computing in the second quarter valued at approximately $282,000. Institutional investors and hedge funds own 4.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on QUBT shares. Ascendiant Capital Markets lifted their price target on Quantum Computing from $22.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Lake Street Capital lowered their price objective on Quantum Computing from $24.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, November 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum Computing in a research report on Tuesday, November 25th. Finally, Wall Street Zen upgraded shares of Quantum Computing from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Two investment analysts have rated the stock with 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, Quantum Computing has a consensus rating of “Hold” and a consensus target price of $23.67.

Insider Buying and Selling at Quantum Computing

In related news, CEO Yuping Huang sold 1,000,000 shares of Quantum Computing stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $14.41, for a total value of $14,410,000.00. Following the transaction, the chief executive officer directly owned 21,287,718 shares of the company’s stock, valued at $306,756,016.38. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert B. Fagenson sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $15.52, for a total transaction of $543,200.00. Following the transaction, the director owned 50,000 shares of the company’s stock, valued at approximately $776,000. This represents a 41.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,137,474 shares of company stock valued at $16,538,753 in the last ninety days. 19.30% of the stock is currently owned by company insiders.

Quantum Computing Price Performance

Shares of NASDAQ QUBT opened at $10.95 on Tuesday. The business has a fifty day moving average price of $15.98 and a two-hundred day moving average price of $16.17. The stock has a market capitalization of $2.45 billion, a PE ratio of -16.10 and a beta of 3.82. Quantum Computing Inc. has a fifty-two week low of $4.37 and a fifty-two week high of $27.15.

Quantum Computing (NASDAQ:QUBT) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The company had revenue of $0.38 million during the quarter, compared to the consensus estimate of $0.12 million.

Quantum Computing Company Profile

Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.