48,018 Shares in Quantum Computing Inc. $QUBT Acquired by Leonteq Securities AG

Leonteq Securities AG purchased a new position in Quantum Computing Inc. (NASDAQ:QUBT) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 48,018 shares of the company’s stock, valued at approximately $493,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Quantum Computing by 38.1% in the 4th quarter. Vanguard Group Inc. now owns 16,841,423 shares of the company’s stock worth $172,793,000 after buying an additional 4,643,818 shares during the period. Ghisallo Capital Management LLC acquired a new position in Quantum Computing in the 3rd quarter worth approximately $74,194,000. JPMorgan Chase & Co. increased its holdings in Quantum Computing by 1,612.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 933,925 shares of the company’s stock worth $17,194,000 after buying an additional 879,374 shares during the period. Polar Asset Management Partners Inc. increased its holdings in Quantum Computing by 72.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,686,727 shares of the company’s stock worth $48,643,000 after buying an additional 1,127,427 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Quantum Computing in the 3rd quarter worth approximately $5,439,000. Institutional investors and hedge funds own 4.26% of the company’s stock.

Insider Activity

In other news, CFO Christopher Bruce Roberts sold 68,902 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $7.85, for a total transaction of $540,880.70. Following the transaction, the chief financial officer owned 1,132,398 shares in the company, valued at $8,889,324.30. This trade represents a 5.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 19.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

QUBT has been the topic of several research reports. Wall Street Zen upgraded shares of Quantum Computing from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 price objective on shares of Quantum Computing in a research note on Tuesday, March 3rd. 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 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum Computing in a research note on Friday, March 27th. Finally, Cantor Fitzgerald dropped their price objective on shares of Quantum Computing from $15.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.50.

Quantum Computing Price Performance

Shares of NASDAQ QUBT opened at $12.31 on Friday. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of -43.96 and a beta of 3.70. Quantum Computing Inc. has a 12 month low of $6.18 and a 12 month high of $25.84. The firm’s 50 day simple moving average is $8.55 and its 200-day simple moving average is $9.95.

Quantum Computing (NASDAQ:QUBT) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.02) EPS 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. Analysts anticipate that Quantum Computing Inc. will post -0.14 earnings per share for the current fiscal year.

Quantum Computing News Roundup

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

• Positive Sentiment: QUBT is benefiting from a sector-wide rally after reports that the U.S. government is considering backing or taking stakes in select quantum computing companies, fueling speculation that the industry could receive major policy support. QUBT Rallies With the Rest of Quantum Computing, but Don’t Buy the Hype
• Positive Sentiment: Investors are also reacting to follow-through buying in the quantum trade after Thursday’s surge, with QUBT continuing to move as part of a basket of high-beta quantum stocks rather than on company-specific news alone. Rigetti Surges 17%, Quantum Computing Inc. Soars 14%, D-Wave Pops 13%, IonQ Rises 8%: The Quantum Bounce Becomes a Rally
• Neutral Sentiment: Some commentary is turning more cautious, noting that QUBT’s valuation remains highly speculative and must be justified by future execution, which could create volatility even as the stock rises. Quantum Computing Inc.: The Story Is Big, But The Valuation Must Be Earned
• Negative Sentiment: Bearish articles are also emphasizing that QUBT remains a high-risk, heavily shorted “moonshot” stock, suggesting the move may be driven more by speculation than by fundamental improvement. Why Quantum Computing (QUBT) Remains a High-Risk Quantum Bet

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.