Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) was the target of unusually large options trading on Wednesday. Stock investors purchased 4,346 call options on the company. This represents an increase of approximately 193% compared to the typical volume of 1,483 call options.
Institutional Trading of Arqit Quantum
Several large investors have recently bought and sold shares of the company. Virtu Financial LLC raised its position in shares of Arqit Quantum by 440.7% in the 1st quarter. Virtu Financial LLC now owns 32,208 shares of the company's stock valued at $446,000 after purchasing an additional 26,251 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Arqit Quantum by 29.2% in the first quarter. SBI Securities Co. Ltd. now owns 31,145 shares of the company's stock valued at $432,000 after acquiring an additional 7,032 shares in the last quarter. Marshall Wace LLP bought a new position in Arqit Quantum during the 4th quarter valued at $1,083,000. Jane Street Group LLC acquired a new position in Arqit Quantum during the 4th quarter worth $931,000. Finally, Royal Bank of Canada increased its position in shares of Arqit Quantum by 222.9% in the 1st quarter. Royal Bank of Canada now owns 20,550 shares of the company's stock worth $284,000 after purchasing an additional 14,186 shares during the last quarter. Institutional investors and hedge funds own 16.60% of the company's stock.
Arqit Quantum Stock Up 17.5%
NASDAQ ARQQ traded up $5.43 during trading hours on Wednesday, hitting $36.45. The company had a trading volume of 2,699,515 shares, compared to its average volume of 716,053. The firm's 50 day moving average is $19.62 and its 200 day moving average is $21.00. Arqit Quantum has a fifty-two week low of $3.72 and a fifty-two week high of $52.79.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported ($1.35) earnings per share (EPS) for the quarter. Research analysts anticipate that Arqit Quantum will post -1.39 EPS for the current fiscal year.
About Arqit Quantum
(
Get Free Report)
Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.
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