Two Sigma Investments LP acquired a new position in Quantum Computing Inc. (NASDAQ:QUBT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 39,704 shares of the company's stock, valued at approximately $657,000.
Several other large investors have also recently made changes to their positions in QUBT. Tower Research Capital LLC TRC acquired a new stake in Quantum Computing during the 4th quarter worth approximately $30,000. IFP Advisors Inc acquired a new stake in Quantum Computing during the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC acquired a new stake in Quantum Computing during the 4th quarter worth approximately $33,000. Archer Investment Corp acquired a new stake in Quantum Computing during the 4th quarter worth approximately $33,000. Finally, Hollencrest Capital Management acquired a new stake in Quantum Computing during the 4th quarter worth approximately $41,000. 4.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Quantum Computing
In other news, insider Yuping Huang sold 200,000 shares of Quantum Computing stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $8.48, for a total transaction of $1,696,000.00. Following the completion of the sale, the insider now directly owns 24,051,256 shares in the company, valued at $203,954,650.88. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Javad Shabani sold 39,973 shares of Quantum Computing stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $11.66, for a total transaction of $466,085.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 739,973 shares of company stock worth $8,012,085. Company insiders own 19.30% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Ascendiant Capital Markets increased their target price on shares of Quantum Computing from $14.00 to $22.00 and gave the stock a "buy" rating in a report on Friday. Wall Street Zen upgraded shares of Quantum Computing from a "strong sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Get Our Latest Stock Analysis on QUBT
Quantum Computing Price Performance
NASDAQ QUBT opened at $13.70 on Friday. The firm's fifty day moving average price is $8.84 and its 200 day moving average price is $9.36. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -47.24 and a beta of 3.85. Quantum Computing Inc. has a 12 month low of $0.35 and a 12 month high of $27.15.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The business had revenue of $0.06 million for the quarter, compared to the consensus estimate of $0.20 million. During the same quarter in the prior year, the firm earned ($0.09) earnings per share.
Quantum Computing Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding QUBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quantum Computing Inc. (NASDAQ:QUBT - Free Report).
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