EAM Investors LLC Invests $1.11 Million in Quantum Computing Inc. (NASDAQ:QUBT)

EAM Investors LLC bought a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 67,054 shares of the company's stock, valued at approximately $1,110,000.

A number of other institutional investors also recently modified their holdings of the business. XTX Topco Ltd acquired a new stake in Quantum Computing during the third quarter worth approximately $46,000. Geode Capital Management LLC lifted its position 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 valued at $449,000 after acquiring an additional 65,486 shares during the period. Virtu Financial LLC increased its position in shares of Quantum Computing by 377.7% in the third quarter. Virtu Financial LLC now owns 60,557 shares of the company's stock worth $40,000 after purchasing an additional 47,880 shares during the period. Sovereign Financial Group Inc. bought a new position in shares of Quantum Computing in the fourth quarter worth $209,000. Finally, Diversify Wealth Management LLC acquired a new position in Quantum Computing in the fourth quarter valued at about $331,000. Institutional investors own 4.26% of the company's stock.

Quantum Computing Stock Performance

Shares of NASDAQ QUBT traded down $0.59 during trading hours on Monday, hitting $5.82. 2,587,921 shares of the stock were exchanged, compared to its average volume of 16,633,170. The company's fifty day simple moving average is $6.95 and its two-hundred day simple moving average is $7.38. The company has a market cap of $798.77 million, a PE ratio of -20.07 and a beta of 3.00. Quantum Computing Inc. has a 1-year low of $0.35 and a 1-year high of $27.15.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last issued its quarterly 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 firm 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) EPS.

Insider Transactions at Quantum Computing

In other Quantum Computing news, insider Yuping Huang sold 200,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were 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 in the company, valued at $203,954,650.88. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 31.10% of the company's stock.

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.