2,600 Shares in Quantum Computing Inc. (NASDAQ:QUBT) Purchased by Signaturefd LLC

Signaturefd LLC acquired a new stake in Quantum Computing Inc. (NASDAQ:QUBT) in the fourth quarter, Holdings Channel reports. The fund acquired 2,600 shares of the company’s stock, valued at approximately $43,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in shares of Quantum Computing in the fourth quarter valued at approximately $33,000. Farther Finance Advisors LLC acquired a new stake in Quantum Computing during the fourth quarter worth approximately $33,000. Archer Investment Corp bought a new position in Quantum Computing during the 4th quarter worth $33,000. Hollencrest Capital Management acquired a new position in Quantum Computing in the 4th quarter valued at $41,000. Finally, SRH Advisors LLC bought a new stake in shares of Quantum Computing during the 4th quarter valued at $69,000. Institutional investors and hedge funds own 4.26% of the company’s stock.

Quantum Computing Stock Performance

QUBT opened at $8.48 on Wednesday. Quantum Computing Inc. has a 52-week low of $0.35 and a 52-week high of $27.15. The firm has a market cap of $1.16 billion, a P/E ratio of -29.24 and a beta of 3.26. The business’s fifty day moving average is $8.17 and its 200-day moving average is $6.52.

Quantum Computing (NASDAQ:QUBT) last released its earnings results on Thursday, March 20th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the company posted ($0.09) earnings per share.

Insider Activity at Quantum Computing

In other Quantum Computing news, insider Yuping Huang sold 200,000 shares of the firm’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 owns 24,051,256 shares of the company’s stock, valued at approximately $203,954,650.88. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 31.10% of the stock is currently owned by insiders.

About Quantum Computing

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.