Geode Capital Management LLC Has $449,000 Holdings in Quantum Computing Inc. (NASDAQ:QUBT)

Geode Capital Management LLC boosted its position in shares of Quantum Computing Inc. (NASDAQ:QUBT) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 687,208 shares of the company’s stock after acquiring an additional 65,486 shares during the period. Geode Capital Management LLC’s holdings in Quantum Computing were worth $449,000 at the end of the most recent quarter.

Separately, XTX Topco Ltd acquired a new position in shares of Quantum Computing during the 3rd quarter worth about $46,000. 4.26% of the stock is owned by institutional investors and hedge funds.

Quantum Computing Price Performance

Shares of Quantum Computing stock opened at $8.98 on Monday. The firm has a fifty day moving average price of $9.42 and a two-hundred day moving average price of $3.77. Quantum Computing Inc. has a fifty-two week low of $0.35 and a fifty-two week high of $27.15. The company has a market cap of $1.16 billion, a PE ratio of -30.97 and a beta of 2.83.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets raised their target price on Quantum Computing from $8.25 to $8.50 and gave the company a “buy” rating in a report on Wednesday, November 13th.

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.