Heck Capital Advisors LLC Takes $1.26 Million Position in Quantum Computing Inc. (NASDAQ:QUBT)

Heck Capital Advisors LLC acquired a new stake in Quantum Computing Inc. (NASDAQ:QUBT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 75,839 shares of the company’s stock, valued at approximately $1,255,000. Heck Capital Advisors LLC owned 0.06% of Quantum Computing at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of QUBT. Virtu Financial LLC boosted its holdings in Quantum Computing by 377.7% in the 3rd quarter. Virtu Financial LLC now owns 60,557 shares of the company’s stock valued at $40,000 after purchasing an additional 47,880 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Quantum Computing in the fourth quarter worth $626,000. XTX Topco Ltd bought a new stake in Quantum Computing during the third quarter valued at $46,000. Geode Capital Management LLC grew its position in Quantum Computing by 10.5% during the third quarter. Geode Capital Management LLC now owns 687,208 shares of the company’s stock worth $449,000 after buying an additional 65,486 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in Quantum Computing in the 4th quarter worth about $199,000. Hedge funds and other institutional investors own 4.26% of the company’s stock.

Wall Street Analyst Weigh In

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

Quantum Computing Price Performance

Shares of NASDAQ:QUBT opened at $10.38 on Friday. The company’s fifty day moving average price is $11.68 and its 200-day moving average price is $4.72. Quantum Computing Inc. has a one year low of $0.35 and a one year high of $27.15.

Quantum Computing (NASDAQ:QUBT) last released its earnings results on Wednesday, November 6th. The company reported ($0.06) EPS for the quarter. The company had revenue of $0.10 million during the quarter.

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.