Quantum Computing Target of Unusually Large Options Trading (NASDAQ:QUBT)

Quantum Computing Inc. (NASDAQ:QUBT) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 117,670 call options on the stock. This is an increase of 297% compared to the typical volume of 29,663 call options.

Insider Buying and Selling

In other Quantum Computing news, CFO Christopher Bruce Roberts sold 9,360 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $7.85, for a total value of $73,476.00. Following the completion of the sale, the chief financial officer owned 1,123,038 shares of the company’s stock, valued at approximately $8,815,848.30. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QUBT. Aventura Private Wealth LLC purchased a new position in shares of Quantum Computing in the fourth quarter valued at $26,000. International Assets Investment Management LLC purchased a new position in shares of Quantum Computing in the fourth quarter valued at $26,000. Farther Finance Advisors LLC increased its position in shares of Quantum Computing by 724.7% in the third quarter. Farther Finance Advisors LLC now owns 1,501 shares of the company’s stock valued at $28,000 after buying an additional 1,319 shares in the last quarter. Rhumbline Advisers purchased a new position in shares of Quantum Computing in the first quarter valued at $28,000. Finally, Tucker Asset Management LLC purchased a new position in shares of Quantum Computing in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 4.26% of the company’s stock.

Trending Headlines about Quantum Computing

Here are the key news stories impacting Quantum Computing this week:

• Positive Sentiment: QUBT posted a smaller-than-expected quarterly loss, reporting an adjusted EPS loss of $0.02 versus the $0.05 consensus, while revenue of $3.69 million topped estimates of $3.13 million. Quantum Computing earnings report
• Positive Sentiment: Investors are focusing on the company’s explosive year-over-year revenue growth, which was driven largely by recent acquisitions, especially Luminar Semiconductor and NuCrypt, suggesting QUBT is building out its photonics and quantum communications platform. Yahoo Finance article
• Positive Sentiment: The stock also got a momentum boost from unusual options activity, with call buying far above normal levels, which can amplify near-term upside in a high-beta name like QUBT. Investor Ideas article
• Neutral Sentiment: Wedbush said Quantum Computing has become “bigger and better” after its acquisitions, but still wants more proof of execution, highlighting that the rally is being driven by improved sentiment rather than a complete fundamental turnaround. Wedbush/Tipranks article
• Negative Sentiment: The business is still early-stage and remains unprofitable, with operating expenses far above core organic revenue, so investors may be pricing in future growth more than current earnings power. Quiver Quantitative article

Analyst Ratings Changes

A number of research firms have commented on QUBT. Rosenblatt Securities reissued a “buy” rating and issued a $22.00 target price on shares of Quantum Computing in a report on Tuesday, March 3rd. Cantor Fitzgerald reduced their target price on Quantum Computing from $15.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Northland Securities began coverage on Quantum Computing in a report on Monday, April 20th. They issued an “outperform” rating and a $20.00 target price for the company. Wall Street Zen downgraded Quantum Computing from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum Computing in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.50.

Quantum Computing Stock Up 15.7%

Shares of QUBT stock opened at $11.78 on Wednesday. Quantum Computing has a fifty-two week low of $6.18 and a fifty-two week high of $25.84. The stock has a market cap of $2.66 billion, a P/E ratio of -42.07 and a beta of 3.70. The business has a fifty day simple moving average of $8.09 and a 200-day simple moving average of $10.18.

Quantum Computing (NASDAQ:QUBT) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $3.69 million during the quarter, compared to analysts’ expectations of $3.13 million. On average, sell-side analysts anticipate that Quantum Computing will post -0.24 earnings per share for the current year.

About Quantum Computing

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.