11,772 Shares in Quantum Computing Inc. $QUBT Purchased by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. purchased a new stake in Quantum Computing Inc. (NASDAQ:QUBT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,772 shares of the company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Nisa Investment Advisors LLC purchased a new stake in Quantum Computing in the second quarter valued at approximately $28,000. Rhumbline Advisers bought a new position in shares of Quantum Computing in the 1st quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Quantum Computing during the 2nd quarter valued at $29,000. Allworth Financial LP bought a new stake in shares of Quantum Computing during the 2nd quarter worth $42,000. Finally, Quarry LP purchased a new position in Quantum Computing in the first quarter worth $55,000. Hedge funds and other institutional investors own 4.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on QUBT shares. Ascendiant Capital Markets raised their price target on Quantum Computing from $22.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Wall Street Zen upgraded Quantum Computing from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Quantum Computing in a research report on Tuesday, November 25th. Finally, Lake Street Capital cut their target price on Quantum Computing from $24.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, November 17th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.67.

Insiders Place Their Bets

In related news, Director Javad Shabani sold 17,474 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $15.26, for a total transaction of $266,653.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert B. Fagenson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $16.88, for a total value of $84,400.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,137,474 shares of company stock valued at $16,538,753 in the last quarter. Insiders own 19.30% of the company’s stock.

Quantum Computing Stock Performance

Shares of QUBT stock opened at $11.77 on Monday. Quantum Computing Inc. has a fifty-two week low of $4.37 and a fifty-two week high of $27.15. The stock has a 50 day moving average price of $16.16 and a two-hundred day moving average price of $16.15. The company has a market capitalization of $2.64 billion, a P/E ratio of -17.30 and a beta of 3.82.

Quantum Computing (NASDAQ:QUBT) last issued its earnings results on Friday, November 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $0.38 million during the quarter, compared to the consensus estimate of $0.12 million.

Quantum Computing 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.