Hussman Strategic Advisors Inc. acquired a new position in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,500 shares of the company's stock, valued at approximately $146,000. Hussman Strategic Advisors Inc. owned about 0.08% of Arqit Quantum at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Arqit Quantum during the 4th quarter valued at approximately $30,000. Barclays PLC acquired a new position in shares of Arqit Quantum in the fourth quarter worth $39,000. Wells Fargo & Company MN acquired a new position in shares of Arqit Quantum in the fourth quarter worth $134,000. Veracity Capital LLC grew 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 acquiring an additional 1,547 shares in the last quarter. Finally, BIT Capital GmbH acquired a new position in shares of Arqit Quantum in the fourth quarter worth $207,000. 16.60% of the stock is currently owned by institutional investors and hedge funds.
Arqit Quantum Stock Performance
Shares of ARQQ stock traded up $0.26 on Friday, reaching $42.36. 1,337,566 shares of the stock were exchanged, compared to its average volume of 608,433. The business's 50 day moving average price is $30.14 and its 200 day moving average price is $22.28. Arqit Quantum Inc. has a twelve month low of $3.72 and a twelve month high of $52.79.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported ($1.35) earnings per share (EPS) for the quarter. Sell-side analysts predict that Arqit Quantum Inc. will post -1.39 earnings per share for the current fiscal year.
Arqit Quantum Company Profile
(
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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