Virtu Financial LLC Takes Position in Arqit Quantum Inc. (NASDAQ:ARQQ)

Virtu Financial LLC purchased a new stake in shares of Arqit Quantum Inc. (NASDAQ:ARQQ) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 5,957 shares of the company’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Veracity Capital LLC acquired a new stake in shares of Arqit Quantum during the fourth quarter valued at about $420,000. Wolverine Asset Management LLC purchased a new position in Arqit Quantum in the fourth quarter valued at about $166,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Arqit Quantum during the 4th quarter valued at approximately $937,000. Hedge funds and other institutional investors own 16.60% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright increased their target price on Arqit Quantum from $27.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st.

Arqit Quantum Trading Down 9.9 %

Shares of NASDAQ ARQQ opened at $15.06 on Friday. Arqit Quantum Inc. has a twelve month low of $3.72 and a twelve month high of $52.79. The business has a 50 day simple moving average of $18.02 and a 200-day simple moving average of $16.43.

About Arqit Quantum

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.