SBI Securities Co. Ltd. increased its stake in shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) by 29.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,145 shares of the company's stock after acquiring an additional 7,032 shares during the quarter. SBI Securities Co. Ltd. owned about 0.24% of Arqit Quantum worth $432,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP bought a new position in shares of Arqit Quantum in the fourth quarter valued at about $30,000. Barclays PLC bought a new stake in shares of Arqit Quantum during the fourth quarter valued at approximately $39,000. Wells Fargo & Company MN purchased a new position in shares of Arqit Quantum during the 4th quarter valued at $134,000. BIT Capital GmbH bought a new position in Arqit Quantum in the 4th quarter worth about $207,000. Finally, Virtu Financial LLC purchased a new stake in Arqit Quantum during the 4th quarter valued at about $231,000. Hedge funds and other institutional investors own 16.60% of the company's stock.
Arqit Quantum Trading Up 0.6%
Shares of ARQQ traded up $0.26 during mid-day trading on Friday, reaching $42.36. 1,337,566 shares of the company's stock traded hands, compared to its average volume of 608,433. Arqit Quantum Inc. has a 12 month low of $3.72 and a 12 month high of $52.79. The stock's 50-day moving average is $30.14 and its two-hundred day moving average is $22.28.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported ($1.35) EPS for the quarter. On average, equities analysts forecast that Arqit Quantum Inc. will post -1.39 EPS for the current 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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