UBS Group AG Has $3.23 Million Holdings in Arqit Quantum Inc. $ARQQ

UBS Group AG boosted its stake in Arqit Quantum Inc. (NASDAQ:ARQQ) by 92.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,397 shares of the company’s stock after purchasing an additional 70,811 shares during the quarter. UBS Group AG owned about 0.96% of Arqit Quantum worth $3,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in Arqit Quantum in the fourth quarter valued at about $110,000. Flagship Harbor Advisors LLC acquired a new position in Arqit Quantum in the fourth quarter valued at about $75,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Arqit Quantum in the fourth quarter valued at about $252,000. JPMorgan Chase & Co. raised its stake in Arqit Quantum by 226.1% in the third quarter. JPMorgan Chase & Co. now owns 34,033 shares of the company’s stock valued at $1,319,000 after purchasing an additional 23,596 shares in the last quarter. Finally, MASO CAPITAL PARTNERS Ltd acquired a new position in Arqit Quantum in the third quarter valued at about $110,000. Institutional investors and hedge funds own 16.60% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew Leaver sold 7,595 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $13.51, for a total value of $102,608.45. Following the completion of the transaction, the chief executive officer owned 45,751 shares of the company’s stock, valued at $618,096.01. The trade was a 14.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 14,356 shares of company stock valued at $193,732 over the last three months. 54.60% of the stock is owned by insiders.

Arqit Quantum Price Performance

ARQQ stock opened at $17.49 on Monday. The business has a 50-day simple moving average of $14.08 and a 200 day simple moving average of $20.30. Arqit Quantum Inc. has a 52 week low of $11.52 and a 52 week high of $62.00.

Arqit Quantum Company Profile

Arqit Quantum Inc is a UK‐based cybersecurity company specializing in quantum-safe encryption solutions designed to protect sensitive data from current and emerging cyber threats. The company’s core technology leverages principles of quantum physics to generate and distribute encryption keys in a way that remains impervious to attacks, including those enabled by future quantum computers. Arqit’s platform is designed to integrate with existing IT infrastructures without requiring hardware upgrades, offering end‐to‐end data protection for enterprises, governments and critical infrastructure providers.

The company’s flagship QuantumCloud platform uses a patented key distribution architecture to deliver symmetrical keys to endpoints across distributed networks.