SG Americas Securities LLC Has $379,000 Stock Holdings in Quantum Computing Inc. $QUBT

SG Americas Securities LLC trimmed its position in Quantum Computing Inc. (NASDAQ:QUBT) by 65.1% during the first quarter, Holdings Channel reports. The firm owned 55,258 shares of the company’s stock after selling 103,259 shares during the quarter. SG Americas Securities LLC’s holdings in Quantum Computing were worth $379,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Toth Financial Advisory Corp increased its position in Quantum Computing by 50.0% during the fourth quarter. Toth Financial Advisory Corp now owns 3,000 shares of the company’s stock worth $31,000 after buying an additional 1,000 shares during the last quarter. Signaturefd LLC lifted its position in shares of Quantum Computing by 36.5% in the fourth quarter. Signaturefd LLC now owns 3,742 shares of the company’s stock valued at $38,000 after buying an additional 1,000 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Quantum Computing by 2.5% during the 3rd quarter. Two Sigma Investments LP now owns 40,705 shares of the company’s stock worth $749,000 after acquiring an additional 1,001 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Quantum Computing by 43.5% during the 3rd quarter. NewEdge Advisors LLC now owns 5,030 shares of the company’s stock worth $93,000 after acquiring an additional 1,525 shares during the period. Finally, FWL Investment Management LLC acquired a new position in shares of Quantum Computing during the 2nd quarter worth approximately $33,000. 4.26% of the stock is currently owned by institutional investors and hedge funds.

Quantum Computing Price Performance

Shares of NASDAQ QUBT opened at $9.15 on Friday. The stock’s fifty day moving average price is $10.29 and its two-hundred day moving average price is $9.55. Quantum Computing Inc. has a one year low of $6.18 and a one year high of $25.84. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of -32.68 and a beta of 3.78.

Quantum Computing (NASDAQ:QUBT) last posted its earnings results on Monday, May 11th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $3.69 million for the quarter, compared to analyst estimates of $3.13 million. On average, equities analysts anticipate that Quantum Computing Inc. will post -0.14 earnings per share for the current fiscal year.

Quantum Computing News Summary

Here are the key news stories impacting Quantum Computing this week:

• Positive Sentiment: Quantum Computing Inc. acquired NHanced Semiconductors and signed a NeuraWave AI deployment deal, both of which broaden its technology portfolio and strengthen its growth narrative. Quantum Computing (QUBT) Acquires NHanced And Lands NeuraWave AI Deployment Deal
• Positive Sentiment: QUBT landed new commercial agreements, including a purchase order and framework deal with Planck Dynamics, which may improve investor confidence in revenue conversion. Quantum Computing (QUBT) Lands New Deals, Is The Stock Still Undervalued?
• Positive Sentiment: Analyst coverage highlighted potential upside, with some reports citing roughly 111% upside from recent levels after Microsoft’s quantum-security warning increased attention on post-quantum cybersecurity. This $8 quantum stock has 111% upside after Microsoft’s warning

Analyst Upgrades and Downgrades

QUBT has been the topic of a number of research analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $10.00 price target on shares of Quantum Computing in a research note on Wednesday, June 24th. Wall Street Zen cut shares of Quantum Computing from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum Computing in a report on Wednesday, June 24th. Rosenblatt Securities reissued a “buy” rating and issued a $22.00 price objective on shares of Quantum Computing in a research report on Monday, June 29th. Finally, Northland Securities began coverage on shares of Quantum Computing in a research note on Monday, April 20th. They set an “outperform” rating and a $20.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.33.

Quantum Computing Profile

Quantum Computing Inc (NASDAQ: QUBT) is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.

The company’s flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.