Yuping Huang Sells 200,000 Shares of Quantum Computing Inc. (NASDAQ:QUBT) Stock

Quantum Computing Inc. (NASDAQ:QUBT) insider Yuping Huang sold 200,000 shares of the firm’s stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Quantum Computing Stock Performance

Shares of QUBT stock opened at $8.48 on Wednesday. Quantum Computing Inc. has a fifty-two week low of $0.35 and a fifty-two week high of $27.15. The firm has a market capitalization of $1.16 billion, a PE ratio of -29.24 and a beta of 3.26. The stock’s 50-day simple moving average is $8.17 and its 200-day simple moving average is $6.52.

Quantum Computing (NASDAQ:QUBT) last posted its quarterly 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 previous year, the company earned ($0.09) earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UNICOM Systems Inc. purchased a new position in shares of Quantum Computing during the 4th quarter valued at about $5,707,000. SBI Securities Co. Ltd. purchased a new position in Quantum Computing during the fourth quarter valued at approximately $1,602,000. SG Americas Securities LLC acquired a new position in Quantum Computing in the fourth quarter valued at approximately $626,000. Virtu Financial LLC boosted its position in Quantum Computing by 377.7% in the 3rd quarter. Virtu Financial LLC now owns 60,557 shares of the company’s stock worth $40,000 after purchasing an additional 47,880 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Quantum Computing during the 4th quarter worth approximately $33,000. 4.26% of the stock is currently owned by institutional investors and hedge funds.

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.