Kessler Investment Group LLC Invests $1.05 Million in Arqit Quantum Inc. $ARQQ

Kessler Investment Group LLC bought a new stake in Arqit Quantum Inc. (NASDAQ:ARQQ) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 47,849 shares of the company’s stock, valued at approximately $1,047,000. Kessler Investment Group LLC owned approximately 0.31% of Arqit Quantum as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. UBS Group AG raised its holdings in shares of Arqit Quantum by 92.5% during the 4th quarter. UBS Group AG now owns 147,397 shares of the company’s stock valued at $3,225,000 after buying an additional 70,811 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Arqit Quantum in the fourth quarter valued at approximately $110,000. Flagship Harbor Advisors LLC acquired a new stake in Arqit Quantum in the fourth quarter valued at approximately $75,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Arqit Quantum during the fourth quarter valued at approximately $252,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Arqit Quantum by 226.1% during the third quarter. JPMorgan Chase & Co. now owns 34,033 shares of the company’s stock valued at $1,319,000 after purchasing an additional 23,596 shares during the period. 16.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ARQQ. Weiss Ratings restated a “sell (d)” rating on shares of Arqit Quantum in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Arqit Quantum from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Arqit Quantum currently has a consensus rating of “Hold” and a consensus target price of $60.00.

Arqit Quantum Price Performance

ARQQ stock opened at $14.96 on Friday. Arqit Quantum Inc. has a twelve month low of $11.52 and a twelve month high of $62.00. The firm has a 50 day simple moving average of $14.47 and a 200-day simple moving average of $22.41.

Insider Transactions at Arqit Quantum

In other Arqit Quantum news, CEO Andrew Leaver sold 7,595 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $13.51, for a total transaction of $102,608.45. Following the transaction, the chief executive officer directly owned 45,751 shares in the company, valued at $618,096.01. This represents a 14.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 13,921 shares of company stock valued at $186,828 over the last 90 days. Corporate insiders own 54.60% of the company’s stock.

About Arqit Quantum

Arqit Quantum Inc is a UK‐based cybersecurity company specializing in quantum-safe encryption solutions designed to protect sensitive data from current and emerging cyber threats. The company’s core technology leverages principles of quantum physics to generate and distribute encryption keys in a way that remains impervious to attacks, including those enabled by future quantum computers. Arqit’s platform is designed to integrate with existing IT infrastructures without requiring hardware upgrades, offering end‐to‐end data protection for enterprises, governments and critical infrastructure providers.

The company’s flagship QuantumCloud platform uses a patented key distribution architecture to deliver symmetrical keys to endpoints across distributed networks.