Quantinuum (NASDAQ:QNT) Raised to Hold at Wall Street Zen

Quantinuum (NASDAQ:QNT) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

Quantinuum Price Performance

QNT opened at $69.80 on Friday. Quantinuum has a fifty-two week low of $50.10 and a fifty-two week high of $72.74.

Insider Activity

In other Quantinuum news, Director Kenneth D. Denman bought 14,000 shares of Quantinuum stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $60.00 per share, with a total value of $840,000.00. Following the completion of the acquisition, the director directly owned 19,833 shares in the company, valued at approximately $1,189,980. The trade was a 240.01% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Hal Barron purchased 250,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $60.00 per share, with a total value of $15,000,000.00. Following the completion of the transaction, the director directly owned 255,833 shares of the company’s stock, valued at $15,349,980. The trade was a 4,285.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 411,032 shares of company stock worth $24,661,920.

About Quantinuum

Quantinuum is a quantum computing company focused on developing hardware and software for commercial and scientific applications. The company provides access to its quantum systems, along with software tools and services designed to help customers explore use cases in areas such as optimization, materials science, chemistry, cybersecurity, and machine learning.

The company was formed through the combination of Honeywell Quantum Solutions and Cambridge Quantum in 2021. Quantinuum operates internationally and serves a range of customers across enterprise, government, and research markets.