EAM Investors LLC Invests $1.11 Million in Quantum Computing Inc. (NASDAQ:QUBT)

EAM Investors LLC purchased a new stake in Quantum Computing Inc. (NASDAQ:QUBT) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 67,054 shares of the company’s stock, valued at approximately $1,110,000.

Several other large investors have also recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in shares of Quantum Computing during the 3rd quarter valued at about $46,000. Geode Capital Management LLC grew its holdings in shares of Quantum Computing by 10.5% in the third quarter. Geode Capital Management LLC now owns 687,208 shares of the company’s stock worth $449,000 after purchasing an additional 65,486 shares during the last quarter. Virtu Financial LLC grew its stake 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 acquiring an additional 47,880 shares in the last quarter. Sovereign Financial Group Inc. bought a new position in Quantum Computing in the fourth quarter worth approximately $209,000. Finally, Diversify Wealth Management LLC purchased a new position in shares of Quantum Computing during the fourth quarter valued at $331,000. 4.26% of the stock is owned by institutional investors.

Quantum Computing Stock Performance

NASDAQ:QUBT opened at $6.41 on Thursday. The firm has a market cap of $879.74 million, a P/E ratio of -22.10 and a beta of 3.00. Quantum Computing Inc. has a one year low of $0.35 and a one year high of $27.15. The firm has a 50-day simple moving average of $7.03 and a 200-day simple moving average of $7.20.

Quantum Computing (NASDAQ:QUBT) last issued its quarterly earnings data 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 firm had revenue of $0.06 million for the quarter, compared to analysts’ expectations of $0.20 million. During the same quarter in the prior year, the firm posted ($0.09) earnings per share.

Insider Buying and Selling at Quantum Computing

In other Quantum Computing news, insider Yuping Huang sold 200,000 shares of Quantum Computing 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 31.10% of the stock is currently owned by company insiders.

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.