48,018 Shares in Quantum Computing Inc. $QUBT Purchased by Leonteq Securities AG

Leonteq Securities AG acquired a new position in Quantum Computing Inc. (NASDAQ:QUBT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 48,018 shares of the company’s stock, valued at approximately $493,000.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of Quantum Computing by 57.1% during the first quarter. Royal Bank of Canada now owns 53,752 shares of the company’s stock valued at $430,000 after buying an additional 19,527 shares during the last quarter. Millennium Management LLC lifted its position in shares of Quantum Computing by 288.9% during the first quarter. Millennium Management LLC now owns 651,455 shares of the company’s stock valued at $5,212,000 after buying an additional 483,940 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Quantum Computing by 0.7% during the first quarter. Goldman Sachs Group Inc. now owns 326,278 shares of the company’s stock valued at $2,610,000 after buying an additional 2,280 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Quantum Computing during the first quarter valued at about $28,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Quantum Computing by 12,826.8% during the second quarter. JPMorgan Chase & Co. now owns 54,551 shares of the company’s stock valued at $1,046,000 after buying an additional 54,129 shares during the last quarter. 4.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Christopher Bruce Roberts sold 68,902 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $7.85, for a total transaction of $540,880.70. Following the transaction, the chief financial officer owned 1,132,398 shares in the company, valued at $8,889,324.30. This represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 19.30% of the stock is currently owned by company insiders.

Key Stories Impacting Quantum Computing

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

• Positive Sentiment: QUBT is benefiting from a sector-wide rally after reports that the U.S. government is considering backing or taking stakes in select quantum computing companies, fueling speculation that the industry could receive major policy support. QUBT Rallies With the Rest of Quantum Computing, but Don’t Buy the Hype
• Positive Sentiment: Investors are also reacting to follow-through buying in the quantum trade after Thursday’s surge, with QUBT continuing to move as part of a basket of high-beta quantum stocks rather than on company-specific news alone. Rigetti Surges 17%, Quantum Computing Inc. Soars 14%, D-Wave Pops 13%, IonQ Rises 8%: The Quantum Bounce Becomes a Rally
• Neutral Sentiment: Some commentary is turning more cautious, noting that QUBT’s valuation remains highly speculative and must be justified by future execution, which could create volatility even as the stock rises. Quantum Computing Inc.: The Story Is Big, But The Valuation Must Be Earned
• Negative Sentiment: Bearish articles are also emphasizing that QUBT remains a high-risk, heavily shorted “moonshot” stock, suggesting the move may be driven more by speculation than by fundamental improvement. Why Quantum Computing (QUBT) Remains a High-Risk Quantum Bet

Quantum Computing Stock Up 7.9%

QUBT opened at $12.31 on Friday. Quantum Computing Inc. has a 52-week low of $6.18 and a 52-week high of $25.84. The company has a market cap of $2.78 billion, a P/E ratio of -43.96 and a beta of 3.70. The firm’s 50-day moving average price is $8.55 and its 200-day moving average price is $9.95.

Quantum Computing (NASDAQ:QUBT) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. The company had revenue of $3.69 million for the quarter, compared to analyst estimates of $3.13 million. On average, research analysts anticipate that Quantum Computing Inc. will post -0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on QUBT. Wall Street Zen raised shares of Quantum Computing from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Northland Securities began coverage on shares of Quantum Computing in a research report on Monday, April 20th. They set an “outperform” rating and a $20.00 price target for the company. Cantor Fitzgerald decreased their price target on shares of Quantum Computing from $15.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Rosenblatt Securities reissued a “buy” rating and set a $22.00 price target on shares of Quantum Computing in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum Computing in a research report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.50.

Quantum Computing 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.