Quantum Computing Inc. (NASDAQ:QUBT) Holdings Boosted by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of Quantum Computing Inc. (NASDAQ:QUBT - Free Report) by 83.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,186,729 shares of the company's stock after purchasing an additional 1,906,749 shares during the quarter. Vanguard Group Inc. owned about 3.05% of Quantum Computing worth $69,290,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. XTX Topco Ltd purchased a new stake in Quantum Computing in the third quarter valued at $46,000. Geode Capital Management LLC boosted its holdings in Quantum Computing by 10.5% in the 3rd quarter. Geode Capital Management LLC now owns 687,208 shares of the company's stock valued at $449,000 after purchasing an additional 65,486 shares in the last quarter. Virtu Financial LLC grew its holdings in Quantum Computing by 377.7% during the third quarter. Virtu Financial LLC now owns 60,557 shares of the company's stock worth $40,000 after acquiring an additional 47,880 shares during the period. Sovereign Financial Group Inc. acquired a new position in shares of Quantum Computing during the 4th quarter worth $209,000. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Quantum Computing during the 4th quarter valued at approximately $331,000. Hedge funds and other institutional investors own 4.26% of the company's stock.

Quantum Computing Stock Up 5.9 %

Shares of QUBT traded up $0.41 on Monday, reaching $7.25. The stock had a trading volume of 3,633,688 shares, compared to its average volume of 24,094,086. Quantum Computing Inc. has a twelve month low of $0.35 and a twelve month high of $27.15. The firm has a market capitalization of $994.34 million, a PE ratio of -24.98 and a beta of 3.00. The firm has a 50-day moving average of $7.20 and a 200 day moving average of $7.17.

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 analysts' consensus estimates of ($0.05) by ($0.42). The business had revenue of $0.06 million for the quarter, compared to the consensus estimate of $0.20 million. During the same period in the prior 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 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 completion of the sale, the insider now owns 24,051,256 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.