Millennium Management LLC reduced its stake in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) by 45.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,920 shares of the company's stock after selling 11,374 shares during the quarter. Millennium Management LLC owned approximately 0.11% of Arqit Quantum worth $541,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in Arqit Quantum in the 4th quarter worth $1,083,000. SBI Securities Co. Ltd. bought a new stake in Arqit Quantum in the fourth quarter worth about $937,000. Jane Street Group LLC bought a new stake in Arqit Quantum in the fourth quarter worth about $931,000. Envestnet Asset Management Inc. bought a new stake in Arqit Quantum in the fourth quarter worth about $420,000. Finally, CIBC Private Wealth Group LLC bought a new stake in Arqit Quantum in the fourth quarter worth about $388,000. 16.60% of the stock is owned by institutional investors.
Arqit Quantum Stock Performance
Shares of Arqit Quantum stock traded up $2.06 on Wednesday, hitting $27.15. 1,215,537 shares of the company traded hands, compared to its average volume of 487,065. The stock's 50 day moving average price is $18.43 and its 200-day moving average price is $20.72. Arqit Quantum Inc. has a 52 week low of $3.72 and a 52 week high of $52.79.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The company reported ($1.35) EPS for the quarter. As a group, equities analysts forecast that Arqit Quantum Inc. will post -1.39 earnings per share for the current year.
About Arqit Quantum
(
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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