Biltmore Family Office LLC increased its holdings in Arqit Quantum Inc. (NASDAQ:ARQQ – Free Report) by 57.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,202 shares of the company’s stock after buying an additional 2,620 shares during the period. Biltmore Family Office LLC owned about 0.06% of Arqit Quantum worth $280,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of ARQQ. Wolverine Asset Management LLC bought a new position in Arqit Quantum in the fourth quarter worth about $166,000. BIT Capital GmbH bought a new stake in shares of Arqit Quantum in the 4th quarter worth approximately $207,000. Virtu Financial LLC acquired a new position in shares of Arqit Quantum during the fourth quarter valued at $231,000. Geode Capital Management LLC bought a new position in Arqit Quantum in the 4th quarter worth about $280,000. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of Arqit Quantum during the fourth quarter valued at approximately $388,000. Institutional investors own 16.60% of the company’s stock.
Wall Street Analyst Weigh In
Separately, HC Wainwright raised their target price on Arqit Quantum from $27.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st.
Arqit Quantum Stock Performance
Shares of NASDAQ ARQQ opened at $13.86 on Thursday. The firm’s 50-day simple moving average is $17.15 and its 200 day simple moving average is $16.63. Arqit Quantum Inc. has a fifty-two week low of $3.72 and a fifty-two week high of $52.79.
About Arqit Quantum
Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.
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