75,839 Shares in Quantum Computing Inc. (NASDAQ:QUBT) Acquired by Heck Capital Advisors LLC

Heck Capital Advisors LLC acquired a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of QUBT. Tower Research Capital LLC TRC acquired a new stake in Quantum Computing in the 4th quarter valued at approximately $30,000. IFP Advisors Inc bought a new position in shares of Quantum Computing in the fourth quarter worth $33,000. Farther Finance Advisors LLC bought a new position in shares of Quantum Computing in the fourth quarter worth $33,000. Archer Investment Corp bought a new position in shares of Quantum Computing in the fourth quarter worth $33,000. Finally, Hollencrest Capital Management bought a new position in shares of Quantum Computing in the fourth quarter worth $41,000. Institutional investors and hedge funds own 4.26% of the company's stock.

Insider Buying and Selling

In related news, insider Yuping Huang sold 200,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.48, for a total value of $1,696,000.00. Following the completion of the sale, the insider now directly owns 24,051,256 shares of the company's stock, valued at approximately $203,954,650.88. This represents a 0.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Javad Shabani sold 39,973 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $11.66, for a total value of $466,085.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 739,973 shares of company stock valued at $8,012,085. Corporate insiders own 19.30% of the company's stock.

Quantum Computing Stock Down 2.3%

Shares of NASDAQ QUBT traded down $0.31 during mid-day trading on Tuesday, hitting $13.00. 38,399,798 shares of the company traded hands, compared to its average volume of 18,951,188. The business has a 50 day moving average of $8.15 and a two-hundred day moving average of $8.82. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -44.83 and a beta of 3.74. Quantum Computing Inc. has a 1 year low of $0.35 and a 1 year high of $27.15.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on QUBT shares. Ascendiant Capital Markets upped their price objective on Quantum Computing from $8.50 to $14.00 and gave the company a "buy" rating in a report on Monday, April 28th. Wall Street Zen raised Quantum Computing from a "strong sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Quantum Computing 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.