Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report) CEO Andrew Leaver sold 2,535 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $23.78, for a total transaction of $60,282.30. Following the completion of the transaction, the chief executive officer owned 56,547 shares in the company, valued at $1,344,687.66. This trade represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Andrew Leaver also recently made the following trade(s):
- On Tuesday, October 6th, Andrew Leaver sold 2,398 shares of Arqit Quantum stock. The stock was sold at an average price of $24.19, for a total transaction of $58,007.62.
- On Friday, October 2nd, Andrew Leaver sold 2,818 shares of Arqit Quantum stock. The stock was sold at an average price of $24.47, for a total transaction of $68,956.46.
Arqit Quantum Stock Performance
ARQQ stock opened at $18.43 on Friday. The company’s fifty day simple moving average is $21.62 and its 200 day simple moving average is $18.53. Arqit Quantum Inc. has a 12-month low of $11.52 and a 12-month high of $61.11.
Trending Headlines about Arqit Quantum
- Positive Sentiment: Arqit announced preliminary fiscal 2026 results, with expected second-half revenue of approximately $355,000 to $380,000. The update provides investors with an early view of performance ahead of finalized results and may offer some support if the figures meet or exceed expectations. Arqit preliminary financial results
- Neutral Sentiment: Arqit also updated its fiscal 2026 earnings guidance, but the available announcement does not provide the revised figures. Investors will likely focus on the complete results and detailed outlook for revenue growth, cash usage and customer adoption.
- Negative Sentiment: Multiple company insiders sold shares in transactions on October 5 and 6, including CEO Andrew Leaver, CRO Paul Feenan, COO Ben Wilder, General Counsel Patrick Willcocks, Director Garth Ritchie and insider Nicholas Nilan. The latest group of sales totaled roughly $103,700, while the broader series of reported transactions represents a persistent selling pattern. Arqit insider sale SEC filing
- Negative Sentiment: The selling involved senior executives and, in some cases, meaningful reductions in personal holdings. Nilan’s transactions reduced his position substantially, while Leaver, Wilder and Willcocks each sold several percent of their holdings. Although the filings do not state the reasons for the sales and the dollar amounts are modest relative to the company’s market value, the lack of insider buying may weigh on investor confidence.
- Neutral Sentiment: Institutional ownership and recent purchases by several investment firms provide some longer-term support, but analyst coverage remains limited and mixed, with a reported “Hold” consensus. This reduces the reliability of the much higher average price target cited in prior coverage.
Institutional Trading of Arqit Quantum
Large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its position in Arqit Quantum by 133.4% in the 1st quarter. Royal Bank of Canada now owns 7,012 shares of the company’s stock valued at $92,000 after buying an additional 4,008 shares in the last quarter. True Vision MN LLC acquired a new stake in Arqit Quantum in the first quarter valued at approximately $197,000. Heck Capital Advisors LLC acquired a new stake in Arqit Quantum in the second quarter valued at approximately $234,000. Renaissance Technologies LLC bought a new stake in shares of Arqit Quantum during the first quarter valued at approximately $549,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Arqit Quantum during the second quarter valued at approximately $2,947,000. 16.60% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on ARQQ shares. Weiss Ratings restated a “sell (d)” rating on shares of Arqit Quantum in a research report on Friday, August 21st. Wall Street Zen raised Arqit Quantum from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.00.
Check Out Our Latest Report on ARQQ
About Arqit Quantum
Arqit Quantum Inc is a cybersecurity company that develops encryption technology designed to protect data and communications against current and future cyber threats, including potential attacks enabled by quantum computing. The company’s solutions are intended for governments, enterprises and other organizations that need to secure sensitive information across networks, devices and cloud environments.
Arqit’s principal offering is QuantumCloud, a cloud-based platform designed to enable the creation and management of secure encryption keys.
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