Tucker Asset Management LLC Takes $50,000 Position in Quantum Computing Inc. (NASDAQ:QUBT)

Tucker Asset Management LLC purchased a new position in Quantum Computing Inc. (NASDAQ:QUBT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,014 shares of the company’s stock, valued at approximately $50,000.

Other institutional investors also recently modified their holdings of the company. Archer Investment Corp purchased a new stake in Quantum Computing in the fourth quarter worth about $33,000. IFP Advisors Inc bought a new stake in shares of Quantum Computing in the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC purchased a new stake in shares of Quantum Computing in the 4th quarter worth approximately $33,000. Virtu Financial LLC increased its position in Quantum Computing by 377.7% during the 3rd quarter. Virtu Financial LLC now owns 60,557 shares of the company’s stock valued at $40,000 after buying an additional 47,880 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new position in Quantum Computing during the fourth quarter valued at $41,000. 4.26% of the stock is currently owned by institutional investors.

Quantum Computing Trading Up 6.4 %

Quantum Computing stock opened at $8.45 on Friday. Quantum Computing Inc. has a 12 month low of $0.35 and a 12 month high of $27.15. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -29.14 and a beta of 3.26. The business’s fifty day simple moving average is $8.01 and its two-hundred day simple moving average is $6.64.

Quantum Computing (NASDAQ:QUBT) last announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.47) EPS 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 last year, the business earned ($0.09) earnings per share.

Insider Activity at Quantum Computing

In other Quantum Computing news, insider Yuping Huang sold 200,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 24,051,256 shares in the company, valued at approximately $203,954,650.88. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 31.10% of the stock is owned by insiders.

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.