Jane Street Group LLC bought a new stake in shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,981 shares of the company's stock, valued at approximately $931,000. Jane Street Group LLC owned 0.19% of Arqit Quantum as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Arqit Quantum in the 4th quarter worth approximately $30,000. Barclays PLC purchased a new position in shares of Arqit Quantum in the fourth quarter worth approximately $39,000. Wells Fargo & Company MN purchased a new position in shares of Arqit Quantum in the fourth quarter worth approximately $134,000. Wolverine Asset Management LLC purchased a new position in Arqit Quantum during the fourth quarter valued at approximately $166,000. Finally, BIT Capital GmbH purchased a new position in Arqit Quantum during the fourth quarter valued at approximately $207,000. 16.60% of the stock is currently owned by institutional investors.
Arqit Quantum Stock Down 4.4%
Shares of ARQQ opened at $24.76 on Friday. The company's 50 day moving average price is $16.17 and its 200 day moving average price is $19.17. 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 announced its quarterly earnings data on Thursday, May 22nd. The company reported ($1.35) EPS for the quarter. As a group, equities research analysts anticipate that Arqit Quantum Inc. will post -1.39 earnings per share for the current year.
Arqit Quantum 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.
Further Reading
Want to see what other hedge funds are holding ARQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arqit Quantum Inc. (NASDAQ:ARQQ - 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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Arqit Quantum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arqit Quantum wasn't on the list.
While Arqit Quantum currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
