SBI Securities Co. Ltd. grew its stake in shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) by 29.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,145 shares of the company's stock after purchasing an additional 7,032 shares during the quarter. SBI Securities Co. Ltd. owned approximately 0.24% of Arqit Quantum worth $432,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Arqit Quantum in the 4th quarter valued at $30,000. Barclays PLC purchased a new position in Arqit Quantum in the 4th quarter valued at $39,000. Wells Fargo & Company MN purchased a new position in Arqit Quantum in the 4th quarter valued at $134,000. BIT Capital GmbH purchased a new position in Arqit Quantum in the 4th quarter valued at $207,000. Finally, Virtu Financial LLC purchased a new position in Arqit Quantum in the 4th quarter valued at $231,000. Institutional investors and hedge funds own 16.60% of the company's stock.
Arqit Quantum Stock Performance
NASDAQ:ARQQ traded down $1.21 during midday trading on Thursday, reaching $42.10. The stock had a trading volume of 914,790 shares, compared to its average volume of 601,032. The firm has a fifty day simple moving average of $29.61 and a two-hundred day simple moving average of $22.37. 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 issued its earnings results on Thursday, May 22nd. The company reported ($1.35) EPS for the quarter. On average, sell-side analysts expect that Arqit Quantum Inc. will post -1.39 EPS 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.
Recommended Stories
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
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
