19,356 Shares in Quantum Computing Inc. (NASDAQ:QUBT) Acquired by HighTower Advisors LLC

HighTower Advisors LLC acquired a new stake in Quantum Computing Inc. (NASDAQ:QUBT) in the 4th quarter, Holdings Channel.com reports. The fund acquired 19,356 shares of the company’s stock, valued at approximately $320,000.

A number of other institutional investors have also recently modified their holdings of the stock. IFP Advisors Inc acquired a new stake in shares of Quantum Computing in the 4th quarter valued at $33,000. Archer Investment Corp acquired a new stake in Quantum Computing in the fourth quarter valued at about $33,000. SRH Advisors LLC acquired a new stake in Quantum Computing in the fourth quarter valued at about $69,000. Capital Advisors Inc. OK acquired a new position in Quantum Computing during the fourth quarter worth about $166,000. Finally, Essex Financial Services Inc. bought a new position in shares of Quantum Computing in the fourth quarter worth about $174,000. 4.26% of the stock is currently owned by institutional investors.

Quantum Computing Trading Down 3.0 %

QUBT opened at $7.76 on Wednesday. The company’s 50 day moving average is $7.90 and its 200-day moving average is $6.78. The company has a market cap of $1.07 billion, a P/E ratio of -26.76 and a beta of 3.26. Quantum Computing Inc. has a 1-year low of $0.35 and a 1-year high of $27.15.

Quantum Computing (NASDAQ:QUBT) last issued its earnings results on Thursday, March 20th. The company reported ($0.47) earnings per share 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 analysts’ expectations of $0.20 million. During the same quarter in the prior year, the company earned ($0.09) EPS.

Insider Buying and Selling

In related news, insider Yuping Huang sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were 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 in the company, valued at $203,954,650.88. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.10% of the stock is currently owned by corporate insiders.

About Quantum Computing

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.