Hussman Strategic Advisors Inc. purchased a new stake in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,500 shares of the company's stock, valued at approximately $146,000. Hussman Strategic Advisors Inc. owned 0.08% of Arqit Quantum at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in ARQQ. SBI Securities Co. Ltd. raised its stake in shares of Arqit Quantum by 29.2% in the first quarter. SBI Securities Co. Ltd. now owns 31,145 shares of the company's stock worth $432,000 after purchasing an additional 7,032 shares during the last quarter. Veracity Capital LLC raised its stake in shares of Arqit Quantum by 14.3% in the first quarter. Veracity Capital LLC now owns 12,351 shares of the company's stock worth $171,000 after purchasing an additional 1,547 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Arqit Quantum in the fourth quarter worth approximately $931,000. Quarry LP purchased a new stake in shares of Arqit Quantum in the fourth quarter worth approximately $30,000. Finally, Marshall Wace LLP purchased a new stake in shares of Arqit Quantum in the fourth quarter worth approximately $1,083,000. Institutional investors and hedge funds own 16.60% of the company's stock.
Arqit Quantum Stock Performance
NASDAQ:ARQQ traded down $2.04 during trading hours on Tuesday, reaching $39.36. The stock had a trading volume of 1,191,401 shares, compared to its average volume of 617,808. The stock has a 50 day simple moving average of $30.65 and a 200 day simple moving average of $22.19. Arqit Quantum Inc. has a 12-month low of $3.72 and a 12-month high of $52.79.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported ($1.35) EPS for the quarter. On average, analysts expect 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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