Quantum Computing Inc. $QUBT Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Quantum Computing Inc. (NASDAQ:QUBT) by 23.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,197,605 shares of the company’s stock after acquiring an additional 2,286,514 shares during the quarter. Vanguard Group Inc. owned about 5.44% of Quantum Computing worth $224,558,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of QUBT. Nisa Investment Advisors LLC purchased a new stake in shares of Quantum Computing during the second quarter valued at $28,000. Farther Finance Advisors LLC grew its stake in Quantum Computing by 724.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,501 shares of the company’s stock valued at $28,000 after purchasing an additional 1,319 shares during the last quarter. Rhumbline Advisers acquired a new position in shares of Quantum Computing in the first quarter valued at about $28,000. FWL Investment Management LLC acquired a new stake in shares of Quantum Computing during the second quarter worth about $33,000. Finally, Toth Financial Advisory Corp lifted its stake in Quantum Computing by 100.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,000 shares of the company’s stock valued at $37,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 4.26% of the company’s stock.

Insider Activity at Quantum Computing

In other news, COO Milan Begliarbekov sold 2,860 shares of Quantum Computing stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $11.85, for a total transaction of $33,891.00. Following the transaction, the chief operating officer owned 24,240 shares in the company, valued at $287,244. The trade was a 10.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 19.30% of the company’s stock.

Quantum Computing Stock Down 7.0%

QUBT opened at $8.41 on Monday. The company has a market cap of $1.88 billion, a PE ratio of -13.79 and a beta of 3.51. Quantum Computing Inc. has a twelve month low of $4.37 and a twelve month high of $25.84. The company has a 50-day moving average price of $10.30 and a 200 day moving average price of $13.61.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Quantum Computing from a “sell” rating to a “hold” rating in a report on Sunday, February 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum Computing in a report on Monday, December 29th. Ascendiant Capital Markets lowered their price objective on Quantum Computing from $40.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $15.00 price objective on shares of Quantum Computing in a research note on Thursday, December 18th. Finally, Rosenblatt Securities assumed coverage on shares of Quantum Computing in a research report on Thursday, January 15th. They set a “buy” rating and a $22.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Quantum Computing currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Quantum Computing Company Profile

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.