Heck Capital Advisors LLC Takes $1.26 Million Position in Quantum Computing Inc. (NASDAQ:QUBT)

Heck Capital Advisors LLC acquired a new position in Quantum Computing Inc. (NASDAQ:QUBT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 75,839 shares of the company's stock, valued at approximately $1,255,000. Heck Capital Advisors LLC owned about 0.06% of Quantum Computing at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in Quantum Computing in the fourth quarter valued at about $30,000. Archer Investment Corp purchased a new stake in Quantum Computing during the 4th quarter worth $33,000. IFP Advisors Inc bought a new stake in shares of Quantum Computing in the 4th quarter worth about $33,000. Farther Finance Advisors LLC bought a new position in Quantum Computing in the 4th quarter worth about $33,000. Finally, Hollencrest Capital Management acquired a new position in shares of Quantum Computing during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 4.26% of the company's stock.

Insider Buying and Selling at Quantum Computing

In other news, insider Yuping Huang sold 500,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $11.70, for a total transaction of $5,850,000.00. Following the completion of the sale, the insider now directly owns 21,236,906 shares of the company's stock, valued at approximately $248,471,800.20. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Javad Shabani sold 39,973 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $11.66, for a total transaction of $466,085.18. The disclosure for this sale can be found here. Insiders sold 739,973 shares of company stock valued at $8,012,085 in the last quarter. Company insiders own 19.30% of the company's stock.

Quantum Computing Stock Down 1.1%

Shares of QUBT stock traded down $0.14 during trading hours on Thursday, hitting $12.65. 34,694,858 shares of the company's stock traded hands, compared to its average volume of 19,104,745. The stock's 50 day simple moving average is $8.26 and its 200 day simple moving average is $8.85. Quantum Computing Inc. has a 12 month low of $0.35 and a 12 month high of $27.15. The stock has a market cap of $1.78 billion, a PE ratio of -43.36 and a beta of 3.74.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The business had revenue of $0.06 million for the quarter, compared to analyst estimates of $0.20 million. During the same quarter last year, the company posted ($0.09) earnings per share.

Analyst Upgrades and Downgrades

QUBT has been the topic of several analyst reports. Wall Street Zen upgraded shares of Quantum Computing from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Ascendiant Capital Markets boosted their price objective on shares of Quantum Computing from $8.50 to $14.00 and gave the company a "buy" rating in a report on Monday, April 28th.

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.