Tudor Investment Corp ET AL Acquires New Position in Quantum Computing Inc. $QUBT

Key Points

• Tudor Investment Corp ET AL initiated a new position in Quantum Computing (QUBT), buying 248,884 shares worth about $4.58 million (≈0.11% ownership), while other institutions—most notably Vanguard—also boosted stakes (Vanguard now owns 12,197,605 shares after adding 2,286,514).
• QUBT trades near $7.32 with a market cap of roughly $1.64 billion; the company beat EPS expectations for the quarter (‑$0.01 vs. consensus ‑$0.04) but missed revenue estimates, and the 12‑month range is $5.76–$25.84.
• Insider selling has been notable (81,122 shares sold in the last three months) though insiders still hold about 19.3% of shares, and analysts are mixed with a consensus "Hold" and a $17 price target.

Tudor Investment Corp ET AL bought a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 248,884 shares of the company's stock, valued at approximately $4,582,000. Tudor Investment Corp ET AL owned about 0.11% of Quantum Computing as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Quantum Computing by 23.1% during the third quarter. Vanguard Group Inc. now owns 12,197,605 shares of the company's stock worth $224,558,000 after purchasing an additional 2,286,514 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Quantum Computing in the third quarter valued at $5,439,000. Polar Asset Management Partners Inc. lifted its position in Quantum Computing by 72.3% during the third quarter. Polar Asset Management Partners Inc. now owns 2,686,727 shares of the company's stock worth $48,643,000 after buying an additional 1,127,427 shares during the period. Ghisallo Capital Management LLC purchased a new position in Quantum Computing during the third quarter worth about $74,194,000. Finally, Pacific Heights Asset Management LLC boosted its stake in Quantum Computing by 62.5% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 650,000 shares of the company's stock worth $11,966,000 after buying an additional 250,000 shares during the last quarter. 4.26% of the stock is owned by hedge funds and other institutional investors.

Quantum Computing Trading Down 1.7%

QUBT stock opened at $7.32 on Thursday. The company has a market cap of $1.64 billion, a PE ratio of -48.80 and a beta of 3.51. The stock has a 50-day moving average price of $8.90 and a two-hundred day moving average price of $12.65. Quantum Computing Inc. has a 12-month low of $5.76 and a 12-month high of $25.84.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.03. The firm had revenue of $0.20 million during the quarter, compared to analysts' expectations of $0.39 million.

Insider Buying and Selling

In related news, CFO Christopher Bruce Roberts sold 9,360 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $7.85, for a total value of $73,476.00. Following the transaction, the chief financial officer owned 1,123,038 shares in the company, valued at approximately $8,815,848.30. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Milan Begliarbekov sold 2,860 shares of Quantum Computing stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $11.85, for a total transaction of $33,891.00. Following the transaction, the chief operating officer directly owned 24,240 shares in the company, valued at approximately $287,244. This trade represents a 10.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 81,122 shares of company stock valued at $648,248. Corporate insiders own 19.30% of the company's stock.

Analyst Upgrades and Downgrades

QUBT has been the subject of several recent analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $22.00 price target on shares of Quantum Computing in a report on Tuesday, March 3rd. Wedbush initiated coverage on shares of Quantum Computing in a research report on Wednesday, December 17th. They issued a "neutral" rating and a $12.00 target price on the stock. Cantor Fitzgerald lowered their target price on shares of Quantum Computing from $15.00 to $10.00 and set a "neutral" rating for the company in a report on Tuesday, March 3rd. Wall Street Zen lowered shares of Quantum Computing from a "hold" rating to a "sell" rating in a research report on Saturday, March 7th. Finally, Ascendiant Capital Markets cut their price target on shares of Quantum Computing from $40.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Quantum Computing currently has a consensus rating of "Hold" and a consensus target price of $17.00.

About Quantum Computing

Quantum Computing Inc NASDAQ: QUBT is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.

The company's flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.

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