Headlands Technologies LLC Acquires 268,087 Shares of Quantum Computing Inc. $QUBT

Headlands Technologies LLC grew its holdings in shares of Quantum Computing Inc. (NASDAQ:QUBT) by 126,456.1% in the second quarter, HoldingsChannel reports. The fund owned 268,299 shares of the company’s stock after purchasing an additional 268,087 shares during the quarter. Headlands Technologies LLC’s holdings in Quantum Computing were worth $5,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new stake in Quantum Computing during the second quarter valued at about $28,000. Rhumbline Advisers purchased a new position in shares of Quantum Computing during the 1st quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Quantum Computing during the 2nd quarter valued at approximately $29,000. FWL Investment Management LLC purchased a new stake in Quantum Computing in the 2nd quarter worth approximately $33,000. Finally, Allworth Financial LP purchased a new stake in Quantum Computing in the 2nd quarter worth approximately $42,000. 4.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

QUBT has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum Computing in a report on Monday, December 8th. Ascendiant Capital Markets raised their price objective on shares of Quantum Computing from $22.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Wall Street Zen raised shares of Quantum Computing from a “strong sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Lake Street Capital cut their price target on Quantum Computing from $24.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, November 17th. Two equities research analysts have rated the stock with a Buy rating, one has given 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 price target of $23.67.

Quantum Computing Stock Performance

QUBT stock opened at $12.05 on Friday. The company’s fifty day moving average price is $14.55 and its 200-day moving average price is $16.16. Quantum Computing Inc. has a one year low of $4.37 and a one year high of $27.15. The company has a market capitalization of $2.70 billion, a PE ratio of -19.75 and a beta of 3.80.

Quantum Computing (NASDAQ:QUBT) last posted its earnings results on Friday, November 14th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $0.38 million for the quarter, compared to analysts’ expectations of $0.12 million.

Insider Activity

In other news, Director Robert B. Fagenson sold 5,000 shares of Quantum Computing stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $16.88, for a total value of $84,400.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 19.30% of the company’s stock.

About Quantum Computing

Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.