SBI Securities Co. Ltd. Has $2.47 Million Stock Position in Quantum Computing Inc. $QUBT
by Renee Jackson · The Cerbat GemSBI Securities Co. Ltd. raised its holdings in shares of Quantum Computing Inc. (NASDAQ:QUBT – Free Report) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,936 shares of the company’s stock after purchasing an additional 10,660 shares during the period. SBI Securities Co. Ltd. owned 0.08% of Quantum Computing worth $2,472,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Nisa Investment Advisors LLC bought a new stake in shares of Quantum Computing during the second quarter worth approximately $28,000. Rhumbline Advisers acquired a new position in Quantum Computing in the first quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Quantum Computing during the second quarter worth about $29,000. Hollencrest Capital Management increased its stake in shares of Quantum Computing by 60.0% in the 1st quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $32,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in shares of Quantum Computing in the 2nd quarter valued at approximately $42,000. Institutional investors own 4.26% of the company’s stock.
Quantum Computing Price Performance
QUBT stock opened at $11.14 on Thursday. The business has a 50-day moving average of $17.53 and a 200-day moving average of $15.81. Quantum Computing Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $27.15. The stock has a market capitalization of $2.50 billion, a P/E ratio of -16.38 and a beta of 3.82.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The firm had revenue of $0.06 million during the quarter, compared to analyst estimates of $0.10 million.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on QUBT. Ascendiant Capital Markets boosted their price objective on shares of Quantum Computing from $22.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Lake Street Capital started coverage on shares of Quantum Computing in a report on Thursday, September 18th. They issued a “buy” rating and a $24.00 price target for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Quantum Computing in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Quantum Computing from a “hold” rating to a “strong sell” rating in a report on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.33.
Insider Buying and Selling at Quantum Computing
In other news, CRO Pouya Dianat sold 17,175 shares of the business’s stock in a transaction on Monday, August 25th. The shares were 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 link. Also, Director Javad Shabani sold 17,474 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $15.26, for a total transaction of $266,653.24. The SEC filing for this sale provides additional information. Insiders have sold 1,154,649 shares of company stock valued at $16,805,481 over the last ninety days. 19.30% of the stock is currently owned by company insiders.
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.
Featured Articles
- Five stocks we like better than Quantum Computing
- Dividend Capture Strategy: What You Need to Know
- As Warren Buffett Nears His Exit, Berkshire’s Amassed Record Cash
- What Makes a Stock a Good Dividend Stock?
- Rare Earth Stocks: The Truce That Isn’t a Truce
- What Are Treasury Bonds?
- Carving Up Profits: 3 Food Stocks on the Thanksgiving Table
Want to see what other hedge funds are holding QUBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quantum Computing Inc. (NASDAQ:QUBT – Free Report).