Quantum Computing Inc. (NASDAQ:QUBT) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Quantum Computing Inc. (NASDAQ:QUBT - Free Report) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 762,588 shares of the company's stock after purchasing an additional 75,380 shares during the quarter. Geode Capital Management LLC owned about 0.56% of Quantum Computing worth $12,627,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc purchased a new position in shares of Quantum Computing during the fourth quarter valued at $33,000. Farther Finance Advisors LLC purchased a new stake in shares of Quantum Computing in the 4th quarter worth approximately $33,000. Archer Investment Corp purchased a new position in Quantum Computing during the fourth quarter valued at approximately $33,000. Hollencrest Capital Management purchased a new stake in Quantum Computing during the fourth quarter worth $41,000. Finally, Signaturefd LLC bought a new position in shares of Quantum Computing in the 4th quarter worth $43,000. 4.26% of the stock is owned by institutional investors.

Quantum Computing Stock Performance

QUBT traded up $0.43 on Wednesday, hitting $6.37. The company had a trading volume of 10,729,292 shares, compared to its average volume of 16,632,170. The stock has a market capitalization of $874.25 million, a price-to-earnings ratio of -21.97 and a beta of 3.00. The stock has a fifty day moving average price of $6.86 and a 200-day moving average price of $7.40. Quantum Computing Inc. has a 12-month low of $0.35 and a 12-month high of $27.15.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported ($0.47) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.42). The company had revenue of $0.06 million for the quarter, compared to the consensus estimate of $0.20 million. During the same period last year, the firm earned ($0.09) earnings per share.

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 dated 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.