LPL Financial LLC acquired a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 74,046 shares of the company’s stock, valued at approximately $1,225,000. LPL Financial LLC owned 0.05% of Quantum Computing as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Quantum Computing by 10.5% during the 3rd quarter. Geode Capital Management LLC now owns 687,208 shares of the company’s stock worth $449,000 after acquiring an additional 65,486 shares during the last quarter. UNICOM Systems Inc. acquired a new stake in shares of Quantum Computing in the fourth quarter valued at about $5,707,000. Mission Wealth Management LP acquired a new position in shares of Quantum Computing in the 4th quarter worth approximately $1,986,000. Raymond James Financial Inc. acquired a new position in shares of Quantum Computing in the 4th quarter valued at about $1,924,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Quantum Computing during the 4th quarter worth approximately $1,602,000. 4.26% of the stock is currently owned by institutional investors and hedge funds.
Quantum Computing Price Performance
Shares of Quantum Computing stock opened at $6.41 on Friday. Quantum Computing Inc. has a one year low of $0.35 and a one year high of $27.15. The business has a 50-day simple moving average of $6.95 and a 200 day simple moving average of $7.28. The firm has a market capitalization of $879.74 million, a price-to-earnings ratio of -22.10 and a beta of 3.00.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The company had revenue of $0.06 million during the quarter, compared to the consensus estimate of $0.20 million. During the same quarter last year, the firm posted ($0.09) earnings per share.
Insiders Place Their Bets
In other Quantum Computing news, insider Yuping Huang sold 200,000 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $8.48, for a total value of $1,696,000.00. Following the sale, the insider now directly owns 24,051,256 shares in the company, valued at $203,954,650.88. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 31.10% of the company’s stock.
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.
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