Quantum Computing Inc. (NASDAQ:QUBT) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in shares of Quantum Computing Inc. (NASDAQ:QUBT) by 260.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,186 shares of the company’s stock after acquiring an additional 29,036 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Quantum Computing were worth $665,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Archer Investment Corp acquired a new stake in shares of Quantum Computing in the 4th quarter worth approximately $33,000. IFP Advisors Inc purchased a new position in Quantum Computing during the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC purchased a new stake in shares of Quantum Computing in the fourth quarter worth approximately $33,000. Virtu Financial LLC boosted its holdings in shares of Quantum Computing by 377.7% during the third quarter. Virtu Financial LLC now owns 60,557 shares of the company’s stock worth $40,000 after purchasing an additional 47,880 shares during the period. Finally, Hollencrest Capital Management purchased a new position in Quantum Computing during the fourth quarter valued at approximately $41,000. Institutional investors own 4.26% of the company’s stock.

Quantum Computing Stock Down 3.6 %

QUBT stock opened at $7.57 on Friday. Quantum Computing Inc. has a 12-month low of $0.35 and a 12-month high of $27.15. The company has a 50 day moving average of $7.76 and a two-hundred day moving average of $6.79. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -26.10 and a beta of 2.99.

Quantum Computing (NASDAQ:QUBT) 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 business had revenue of $0.06 million for the quarter, compared to analysts’ expectations of $0.20 million. During the same period in the previous year, the business earned ($0.09) EPS.

Insider Activity at Quantum Computing

In other news, insider Yuping Huang sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.48, for a total transaction of $1,696,000.00. Following the sale, the insider now directly owns 24,051,256 shares in the company, valued at approximately $203,954,650.88. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 31.10% of the stock is currently owned by company insiders.

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.