Insider Selling: Quantum Computing Inc. (NASDAQ:QUBT) CFO Sells 96,679 Shares of Stock

Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) CFO Christopher Boehmler sold 96,679 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $15.96, for a total transaction of $1,542,996.84. Following the transaction, the chief financial officer now directly owns 131,060 shares in the company, valued at $2,091,717.60. This trade represents a 42.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Christopher Boehmler also recently made the following trade(s):

• On Wednesday, June 11th, Christopher Boehmler sold 83,495 shares of Quantum Computing stock. The stock was sold at an average price of $19.92, for a total transaction of $1,663,220.40.
• On Monday, June 9th, Christopher Boehmler sold 92,271 shares of Quantum Computing stock. The stock was sold at an average price of $15.00, for a total transaction of $1,384,065.00.

Quantum Computing Stock Performance

NASDAQ QUBT traded down $1.46 during trading hours on Thursday, reaching $17.51. 59,942,861 shares of the company's stock were exchanged, compared to its average volume of 20,731,198. The company's 50-day moving average is $9.37 and its two-hundred day moving average is $9.55. Quantum Computing Inc. has a one year low of $0.35 and a one year high of $27.15. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of -60.38 and a beta of 3.85.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.42). The company had revenue of $0.06 million during the quarter, compared to analyst estimates of $0.20 million. During the same period last year, the firm posted ($0.09) earnings per share.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Quantum Computing

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new stake in shares of Quantum Computing in the 4th quarter valued at approximately $30,000. IFP Advisors Inc bought a new position in shares of Quantum Computing in the fourth quarter worth $33,000. Farther Finance Advisors LLC acquired a new position in Quantum Computing in the fourth quarter valued at about $33,000. Hollencrest Capital Management acquired a new position in Quantum Computing in the fourth quarter valued at about $41,000. Finally, Signaturefd LLC acquired a new position in Quantum Computing in the fourth quarter valued at about $43,000. 4.26% of the stock is owned by institutional investors.

About Quantum Computing

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.