Landscape Capital Management L.L.C. Takes Position in Quantum Computing Inc. $QUBT

Landscape Capital Management L.L.C. purchased a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 440,017 shares of the company’s stock, valued at approximately $4,515,000. Landscape Capital Management L.L.C. owned about 0.20% of Quantum Computing at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Quantum Computing by 38.1% in the fourth quarter. Vanguard Group Inc. now owns 16,841,423 shares of the company’s stock worth $172,793,000 after buying an additional 4,643,818 shares in the last quarter. SLT Holdings LLC grew its holdings in shares of Quantum Computing by 1,028.7% during the 4th quarter. SLT Holdings LLC now owns 169,300 shares of the company’s stock worth $1,737,000 after acquiring an additional 154,300 shares during the period. Ghisallo Capital Management LLC bought a new position in shares of Quantum Computing in the 3rd quarter worth approximately $74,194,000. JPMorgan Chase & Co. lifted its stake in shares of Quantum Computing by 1,612.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 933,925 shares of the company’s stock valued at $17,194,000 after purchasing an additional 879,374 shares during the period. Finally, Polar Asset Management Partners Inc. boosted its position in shares of Quantum Computing by 72.3% during the third quarter. Polar Asset Management Partners Inc. now owns 2,686,727 shares of the company’s stock valued at $48,643,000 after purchasing an additional 1,127,427 shares in the last quarter. Institutional investors own 4.26% of the company’s stock.

Quantum Computing Stock Up 0.2%

Shares of QUBT stock opened at $9.93 on Friday. The company has a 50 day moving average price of $9.73 and a 200-day moving average price of $9.84. Quantum Computing Inc. has a 52 week low of $6.18 and a 52 week high of $25.84. The firm has a market capitalization of $2.24 billion, a PE ratio of -35.46 and a beta of 3.72.

Quantum Computing (NASDAQ:QUBT) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The company had revenue of $3.69 million for the quarter, compared to the consensus estimate of $3.13 million. Analysts anticipate that Quantum Computing Inc. will post -0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $22.00 target price on shares of Quantum Computing in a research report on Tuesday, March 3rd. Cantor Fitzgerald cut their price objective on shares of Quantum Computing from $15.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum Computing in a research note on Friday, March 27th. Northland Securities assumed coverage on Quantum Computing in a research report on Monday, April 20th. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Quantum Computing from a “hold” rating to a “sell” rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.50.

About Quantum Computing

Quantum Computing Inc (NASDAQ: QUBT) is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.

The company’s flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.