Virtu Financial LLC Acquires 26,251 Shares of Arqit Quantum Inc. $ARQQ

Key Points

• Virtu Financial LLC significantly increased its investment in Arqit Quantum Inc. by 440.7%, owning 32,208 shares valued at approximately $446,000 at the end of the first quarter.
• A range of institutional investors have also recently acquired positions in Arqit, reflecting growing interest, with total institutional ownership at 16.60% of the company.
• Arqit Quantum's stock has shown considerable volatility, with a 12-month low of $3.72 and a high of $52.79, indicating potential market fluctuations.

Virtu Financial LLC boosted its holdings in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) by 440.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,208 shares of the company's stock after acquiring an additional 26,251 shares during the quarter. Virtu Financial LLC owned 0.25% of Arqit Quantum worth $446,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new position in shares of Arqit Quantum during the fourth quarter valued at approximately $1,083,000. Jane Street Group LLC bought a new position in Arqit Quantum during the 4th quarter valued at $931,000. Envestnet Asset Management Inc. purchased a new position in Arqit Quantum during the 4th quarter worth $420,000. Hussman Strategic Advisors Inc. bought a new stake in shares of Arqit Quantum in the 1st quarter worth $146,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Arqit Quantum in the fourth quarter valued at about $280,000. Institutional investors and hedge funds own 16.60% of the company's stock.

Arqit Quantum Stock Down 2.7%

Shares of ARQQ traded down $0.89 during trading hours on Monday, reaching $32.06. 173,559 shares of the stock traded hands, compared to its average volume of 756,013. Arqit Quantum Inc. has a 52 week low of $3.72 and a 52 week high of $52.79. The stock has a fifty day simple moving average of $35.45 and a 200 day simple moving average of $23.43.

Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The company reported ($1.35) EPS for the quarter. Research analysts expect that Arqit Quantum Inc. will post -1.39 earnings per share for the current fiscal year.

About Arqit Quantum

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.