HUB Investment Partners LLC Takes Position in Quantum Computing Inc. (NASDAQ:QUBT)

HUB Investment Partners LLC bought a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,300 shares of the company’s stock, valued at approximately $319,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QUBT. UNICOM Systems Inc. bought a new position in shares of Quantum Computing during the fourth quarter worth $5,707,000. SBI Securities Co. Ltd. bought a new position in shares of Quantum Computing during the 4th quarter valued at about $1,602,000. SG Americas Securities LLC purchased a new position in shares of Quantum Computing during the fourth quarter valued at about $626,000. Virtu Financial LLC increased its holdings in shares of Quantum Computing by 377.7% in the third quarter. Virtu Financial LLC now owns 60,557 shares of the company’s stock worth $40,000 after purchasing an additional 47,880 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Quantum Computing in the fourth quarter worth about $786,000. Institutional investors own 4.26% of the company’s stock.

Quantum Computing Price Performance

NASDAQ QUBT opened at $7.39 on Friday. Quantum Computing Inc. has a 1-year low of $0.35 and a 1-year high of $27.15. The business has a 50 day simple moving average of $8.10 and a two-hundred day simple moving average of $6.33. The stock has a market capitalization of $1.01 billion, a PE ratio of -25.48 and a beta of 3.26.

Quantum Computing (NASDAQ:QUBT) last announced its quarterly earnings results on Thursday, March 20th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The company had revenue of $0.06 million for the quarter, compared to the consensus estimate of $0.20 million. During the same quarter in the previous year, the company earned ($0.09) EPS.

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.