Virtu Financial LLC Increases Holdings in Quantum Computing Inc.

During the third quarter, Virtu Financial LLC significantly increased its investment in Quantum Computing Inc. (NASDAQ:QUBT) by 377.7%. This information comes from their latest disclosure to the Securities and Exchange Commission (SEC). Following the acquisition of an additional 47,880 shares, Virtu now owns a total of 60,557 shares of the company's stock. As per the latest SEC filings, the value of Virtu's stake is approximately $40,000, representing about 0.06% of Quantum Computing's total shares.

Additionally, another institutional investor, XTX Topco Ltd, has entered the scene by purchasing a new stake in Quantum Computing during the third quarter, valued at about $46,000. Currently, hedge funds and other institutional investors collectively hold about 4.26% of Quantum Computing stock.

Analyst Ratings Changes

In a separate development, Ascendiant Capital Markets has raised its price target for Quantum Computing from $8.25 to $8.50, maintaining a "buy" rating in a research report published on November 13th.

Quantum Computing Trading Performance

The stock of Quantum Computing opened at $17.62 on Friday. The company has experienced a 12-month low of $0.35 and a high of $27.15. Its market capitalization stands at $2.10 billion, with a price-to-earnings (PE) ratio of -60.76 and a beta of 3.11. The 50-day moving average price is $4.55, while the 200-day moving average price is $2.00.

The latest earnings announcement from Quantum Computing was on October 2nd, where the company reported earnings per share (EPS) of ($0.06) for the quarter, surpassing analysts' expectations of ($0.08) by $0.02. The revenue for the quarter was $0.18 million.

About Quantum Computing Inc.

Quantum Computing Inc. is an integrated photonics company focused on providing accessible and affordable quantum computing solutions. The company offers portable, low-power, room-temperature quantum computers known as Dirac systems, along with additional technologies such as reservoir computing, remote sensing, and single-photon imaging. They also provide a quantum random number generator (uQRNG) that produces genuine random numbers from quantum processes and quantum authentication technology designed to enhance security by using entanglement-based quantum solutions.

Virtu, Quantum, Investment