Veracity Capital LLC Purchases Shares of 20,720 Quantum Computing Inc. (NASDAQ:QUBT)

Veracity Capital LLC acquired a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,720 shares of the company’s stock, valued at approximately $343,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Virtu Financial LLC lifted its position in Quantum Computing by 377.7% during the third quarter. Virtu Financial LLC now owns 60,557 shares of the company’s stock valued at $40,000 after purchasing an additional 47,880 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Quantum Computing during the 3rd quarter valued at $46,000. Sovereign Financial Group Inc. bought a new stake in shares of Quantum Computing during the 4th quarter worth $209,000. Diversify Wealth Management LLC purchased a new position in Quantum Computing in the fourth quarter worth $331,000. Finally, Geode Capital Management LLC increased its stake in Quantum Computing by 10.5% in the third quarter. Geode Capital Management LLC now owns 687,208 shares of the company’s stock valued at $449,000 after acquiring an additional 65,486 shares during the last quarter. Hedge funds and other institutional investors own 4.26% of the company’s stock.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets lifted their price target on Quantum Computing from $8.25 to $8.50 and gave the stock a “buy” rating in a research note on Wednesday, November 13th.

Quantum Computing Price Performance

Shares of NASDAQ QUBT opened at $11.12 on Friday. The stock has a market capitalization of $1.43 billion, a P/E ratio of -38.34 and a beta of 2.83. Quantum Computing Inc. has a one year low of $0.35 and a one year high of $27.15. The firm’s 50 day simple moving average is $10.90 and its two-hundred day simple moving average is $4.32.

Quantum Computing (NASDAQ:QUBT) last released its earnings results on Wednesday, November 6th. The company reported ($0.06) EPS for the quarter. The company had revenue of $0.10 million for the quarter.

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.