Virtu Financial LLC boosted its stake in shares of Quantum Computing Inc. (NASDAQ:QUBT - Free Report) by 377.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,557 shares of the company's stock after purchasing an additional 47,880 shares during the quarter. Virtu Financial LLC owned 0.06% of Quantum Computing worth $40,000 at the end of the most recent quarter.
Separately, Geode Capital Management LLC raised its stake in shares of Quantum Computing by 10.5% in the third 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. Hedge funds and other institutional investors own 4.26% of the company's stock.
Quantum Computing Stock Performance
NASDAQ QUBT traded up $2.48 during trading on Friday, reaching $17.62. 128,206,961 shares of the company traded hands, compared to its average volume of 9,541,522. Quantum Computing Inc. has a 1-year low of $0.35 and a 1-year high of $27.15. The stock's 50 day moving average price is $4.89 and its two-hundred day moving average price is $2.11. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -60.76 and a beta of 3.11.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 2nd. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. The company had revenue of $0.18 million during the quarter.
Wall Street Analysts Forecast Growth
Separately, Ascendiant Capital Markets boosted their price target on shares of Quantum Computing from $8.25 to $8.50 and gave the company a "buy" rating in a report on Wednesday, November 13th.
View Our Latest Stock Report on Quantum Computing
About Quantum Computing
(
Free Report)
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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