2,876 Shares in Arqit Quantum Inc. (NASDAQ:ARQQ) Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,876 shares of the company’s stock, valued at approximately $40,000.

Several other large investors have also added to or reduced their stakes in the business. Quarry LP acquired a new stake in Arqit Quantum during the fourth quarter worth approximately $30,000. Barclays PLC bought a new position in Arqit Quantum in the fourth quarter worth approximately $39,000. Veracity Capital LLC boosted its holdings in Arqit Quantum by 14.3% in the first quarter. Veracity Capital LLC now owns 12,351 shares of the company’s stock worth $171,000 after acquiring an additional 1,547 shares in the last quarter. Wells Fargo & Company MN bought a new position in Arqit Quantum in the fourth quarter worth approximately $134,000. Finally, SBI Securities Co. Ltd. boosted its holdings in Arqit Quantum by 29.2% in the first quarter. SBI Securities Co. Ltd. now owns 31,145 shares of the company’s stock worth $432,000 after acquiring an additional 7,032 shares in the last quarter. Institutional investors and hedge funds own 16.60% of the company’s stock.

Arqit Quantum Trading Down 0.0%

Shares of NASDAQ:ARQQ opened at $32.33 on Monday. The business’s 50 day simple moving average is $34.44 and its two-hundred day simple moving average is $23.11. Arqit Quantum Inc. has a 52-week low of $3.72 and a 52-week high of $52.79.

Arqit Quantum (NASDAQ:ARQQ) last announced its quarterly earnings results on Thursday, May 22nd. The company reported ($1.35) earnings per share (EPS) for the quarter. On average, research analysts expect that Arqit Quantum Inc. will post -1.39 earnings per share for the current fiscal year.

Arqit Quantum Profile

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.