Quantum Computing (NASDAQ:QUBT) CRO Sells $266,727.75 in Stock

Key Points

• Quantum Computing Inc. (NASDAQ:QUBT) CRO Pouya Dianat sold 17,175 shares of stock for a total of $266,727.75 on August 25th.
• The company's stock recently traded up 1.4%, reaching $14.76, with a market cap of $2.36 billion and a P/E ratio of -21.71.
• Analysts have varying opinions on QUBT, with a consensus target price of $18.50 and ratings ranging from "buy" to "strong sell."

Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) CRO Pouya Dianat sold 17,175 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $15.53, for a total value of $266,727.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Quantum Computing Trading Up 1.4%

NASDAQ:QUBT traded up $0.21 on Thursday, reaching $14.76. The stock had a trading volume of 14,000,227 shares, compared to its average volume of 23,585,869. The company has a 50-day moving average of $16.87 and a 200 day moving average of $12.00. The stock has a market cap of $2.36 billion, a P/E ratio of -21.71 and a beta of 3.88. Quantum Computing Inc. has a 12-month low of $0.58 and a 12-month high of $27.15.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.06) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.06). The firm had revenue of $0.06 million during the quarter, compared to analysts' expectations of $0.10 million.

Wall Street Analysts Forecast Growth

QUBT has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Quantum Computing from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 16th. Cantor Fitzgerald started coverage on shares of Quantum Computing in a research report on Wednesday, July 2nd. They issued a "neutral" rating and a $15.00 target price for the company. Finally, Ascendiant Capital Markets upped their target price 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. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $18.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new stake in Quantum Computing in the 2nd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Quantum Computing during the second quarter valued at approximately $29,000. FWL Investment Management LLC acquired a new stake in Quantum Computing during the second quarter valued at approximately $33,000. Tower Research Capital LLC TRC bought a new stake in Quantum Computing during the fourth quarter worth approximately $30,000. Finally, Allworth Financial LP acquired a new position in Quantum Computing in the second quarter worth approximately $42,000. 4.26% of the stock is currently owned by institutional investors.

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.

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