Stock Traders Purchase High Volume of Call Options on Quantum Computing (NASDAQ:QUBT)

Key Points

• Traders bought an unusually large number of call options—62,612 call options, a 129% increase versus the typical daily volume of 27,382—signaling heightened bullish options activity in QUBT.
• Shares rose $0.67 to $7.94 on Tuesday with heavy trading volume (16.37M vs. average 12.92M); the stock has a 1‑year range of $5.76–$25.84, a market cap of $1.78B, a negative P/E, and a beta of 3.67.
• Analyst sentiment is mixed with a consensus "Hold" and $17 target, while the CFO sold 9,360 shares, insiders own 19.30% of the company, and institutional ownership remains low at 4.26%.

Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors purchased 62,612 call options on the company. This represents an increase of 129% compared to the typical daily volume of 27,382 call options.

Quantum Computing Stock Performance

Shares of NASDAQ:QUBT traded up $0.67 during trading hours on Tuesday, reaching $7.94. The stock had a trading volume of 16,374,328 shares, compared to its average volume of 12,917,743. Quantum Computing has a 1 year low of $5.76 and a 1 year high of $25.84. The firm's 50 day moving average is $7.75 and its 200-day moving average is $11.56. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -53.23 and a beta of 3.67.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on QUBT shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $22.00 target price on shares of Quantum Computing in a research note on Tuesday, March 3rd. Weiss Ratings restated a "sell (d-)" rating on shares of Quantum Computing in a research note on Friday, March 27th. Ascendiant Capital Markets cut their price objective on Quantum Computing from $40.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, December 22nd. Cantor Fitzgerald reduced their price objective on Quantum Computing from $15.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 3rd. Finally, Wall Street Zen lowered Quantum Computing from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Quantum Computing currently has a consensus rating of "Hold" and a consensus target price of $17.00.

Insider Transactions at Quantum Computing

In other news, CFO Christopher Bruce Roberts sold 9,360 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $7.85, for a total transaction of $73,476.00. Following the sale, the chief financial officer owned 1,123,038 shares of the company's stock, valued at approximately $8,815,848.30. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QUBT. Aventura Private Wealth LLC acquired a new stake in shares of Quantum Computing during the 4th quarter worth about $26,000. International Assets Investment Management LLC acquired a new position in Quantum Computing in the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC increased its stake in Quantum Computing by 724.7% in the third quarter. Farther Finance Advisors LLC now owns 1,501 shares of the company's stock valued at $28,000 after purchasing an additional 1,319 shares during the last quarter. Rhumbline Advisers purchased a new position in Quantum Computing in the first quarter valued at approximately $28,000. Finally, Tucker Asset Management LLC acquired a new stake in Quantum Computing during the fourth quarter worth approximately $29,000. 4.26% of the stock is owned by institutional investors and hedge funds.

Quantum Computing Company Profile

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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