Ghisallo Capital Management LLC Purchases New Stake in Quantum Computing Inc. $QUBT

Key Points

• Ghisallo Capital Management bought 4,030,092 shares of Quantum Computing (QUBT) in Q3 — a stake valued at about $74.19 million that represents 2.4% of Ghisallo’s portfolio and 1.80% ownership of the company, its 7th-largest position.
• QUBT shares trade near $7.30 (52‑week range $5.76–$25.84) with a $1.64 billion market cap and negative P/E; the company beat EPS expectations last quarter (‑$0.01 vs. ‑$0.04) but missed revenue estimates ($0.20M vs. $0.39M).
• Analyst coverage is mixed — consensus rating is Hold with a $17 target (3 Buys, 2 Holds, 1 Sell) — while insiders have been net sellers recently (81,122 shares worth ~$648k over 90 days) and hold ~19.3% of shares.

Ghisallo Capital Management LLC purchased a new stake in shares of Quantum Computing Inc. (NASDAQ:QUBT - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,030,092 shares of the company's stock, valued at approximately $74,194,000. Quantum Computing makes up 2.4% of Ghisallo Capital Management LLC's investment portfolio, making the stock its 7th biggest position. Ghisallo Capital Management LLC owned 1.80% of Quantum Computing as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of QUBT. J.W. Cole Advisors Inc. lifted its stake in shares of Quantum Computing by 3.8% in the second quarter. J.W. Cole Advisors Inc. now owns 21,070 shares of the company's stock valued at $404,000 after buying an additional 770 shares in the last quarter. Toth Financial Advisory Corp increased its position in shares of Quantum Computing by 100.0% during the third quarter. Toth Financial Advisory Corp now owns 2,000 shares of the company's stock worth $37,000 after acquiring an additional 1,000 shares in the last quarter. Gladstone Institutional Advisory LLC raised its holdings in shares of Quantum Computing by 9.3% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 12,975 shares of the company's stock worth $239,000 after acquiring an additional 1,100 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Quantum Computing by 12.5% in the 3rd quarter. Global Retirement Partners LLC now owns 10,055 shares of the company's stock worth $185,000 after acquiring an additional 1,115 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Quantum Computing by 724.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,501 shares of the company's stock valued at $28,000 after acquiring an additional 1,319 shares in the last quarter. Institutional investors and hedge funds own 4.26% of the company's stock.

Quantum Computing Stock Performance

Quantum Computing stock opened at $7.30 on Friday. Quantum Computing Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $25.84. The firm's 50-day simple moving average is $9.65 and its 200 day simple moving average is $13.11. The stock has a market cap of $1.64 billion, a PE ratio of -48.67 and a beta of 3.51.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $0.20 million during the quarter, compared to analysts' expectations of $0.39 million.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on QUBT. Wedbush started coverage on Quantum Computing in a research note on Wednesday, December 17th. They set a "neutral" rating and a $12.00 price target for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Quantum Computing in a research note on Monday, December 29th. Rosenblatt Securities reaffirmed a "buy" rating and set a $22.00 target price on shares of Quantum Computing in a research report on Tuesday, March 3rd. Wall Street Zen downgraded Quantum Computing from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. Finally, Ascendiant Capital Markets lowered their price target on Quantum Computing from $40.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $17.00.

Insider Buying and Selling

In other Quantum Computing news, CFO Christopher Bruce Roberts sold 9,360 shares of the company's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $7.85, for a total value of $73,476.00. Following the completion of the transaction, the chief financial officer owned 1,123,038 shares in the company, valued at $8,815,848.30. This represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Milan Begliarbekov sold 2,860 shares of the company's stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $11.85, for a total value of $33,891.00. Following the completion of the transaction, the chief operating officer owned 24,240 shares of the company's stock, valued at $287,244. This trade represents a 10.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 81,122 shares of company stock valued at $648,248 over the last ninety days. 19.30% of the stock is currently owned by company insiders.

About Quantum Computing

Quantum Computing Inc NASDAQ: QUBT is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.

The company's flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.

Want to see what other hedge funds are holding QUBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quantum Computing Inc. (NASDAQ:QUBT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.