Silverleafe Capital Partners LLC Makes New Investment in Quantum Computing Inc. (NASDAQ:QUBT)

Silverleafe Capital Partners LLC acquired a new position in Quantum Computing Inc. (NASDAQ:QUBT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,300 shares of the company's stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QUBT. Rhumbline Advisers acquired a new stake in shares of Quantum Computing in the 1st quarter worth approximately $28,000. Tower Research Capital LLC TRC acquired a new stake in Quantum Computing in the fourth quarter worth approximately $30,000. Farther Finance Advisors LLC bought a new position in Quantum Computing during the 4th quarter valued at $33,000. IFP Advisors Inc acquired a new position in shares of Quantum Computing during the 4th quarter valued at $33,000. Finally, Hollencrest Capital Management bought a new stake in shares of Quantum Computing in the 4th quarter worth $41,000. Institutional investors own 4.26% of the company's stock.

Quantum Computing Stock Performance

Shares of NASDAQ QUBT traded down $0.70 during trading on Thursday, hitting $19.09. The company had a trading volume of 44,047,924 shares, compared to its average volume of 21,513,010. Quantum Computing Inc. has a 52 week low of $0.35 and a 52 week high of $27.15. The business's 50-day moving average is $10.59 and its 200 day moving average is $9.96. The company has a market cap of $2.69 billion, a P/E ratio of -39.77 and a beta of 3.85.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.18. The company had revenue of $0.04 million for the quarter, compared to analyst estimates of $0.30 million.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on QUBT. Wall Street Zen raised Quantum Computing from a "strong sell" rating to a "hold" rating in a report on Thursday, May 22nd. Ascendiant Capital Markets lifted their price objective on shares of Quantum Computing from $14.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, June 6th.

Insider Buying and Selling at Quantum Computing

In other Quantum Computing news, CFO Christopher Boehmler sold 46,440 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $20.00, for a total value of $928,800.00. Following the transaction, the chief financial officer now directly owns 351,152 shares of the company's stock, valued at $7,023,040. This represents a 11.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Yuping Huang sold 500,000 shares of Quantum Computing stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $11.70, for a total value of $5,850,000.00. Following the sale, the insider now owns 21,236,906 shares of the company's stock, valued at approximately $248,471,800.20. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,259,844 shares of company stock valued at $16,381,149. 19.30% of the stock is currently owned by corporate insiders.

Quantum Computing Company Profile

Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.