EAM Investors LLC Acquires New Stake in Quantum Computing Inc. (NASDAQ:QUBT)

EAM Investors LLC bought a new position in Quantum Computing Inc. (NASDAQ:QUBT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 67,054 shares of the company’s stock, valued at approximately $1,110,000.

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

Insider Buying and Selling

In other Quantum Computing news, insider Yuping Huang sold 200,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.48, for a total transaction 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. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 31.10% of the stock is currently owned by insiders.

Quantum Computing Trading Down 6.1 %

Quantum Computing stock opened at $6.41 on Thursday. Quantum Computing Inc. has a 12 month low of $0.35 and a 12 month high of $27.15. The stock has a fifty day simple moving average of $7.03 and a two-hundred day simple moving average of $7.20. The firm has a market cap of $879.74 million, a price-to-earnings ratio of -22.10 and a beta of 3.00.

Quantum Computing (NASDAQ:QUBT) last announced its earnings results on Thursday, March 20th. The company reported ($0.47) earnings per share 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 analyst estimates of $0.20 million. During the same period in the previous year, the company posted ($0.09) EPS.

Quantum Computing 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.