Insider Selling: Quantum Computing Inc. (NASDAQ:QUBT) Insider Sells $5,850,000.00 in Stock

Quantum Computing Inc. (NASDAQ:QUBT) insider Yuping Huang sold 500,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $11.70, for a total value of $5,850,000.00. Following the sale, the insider now owns 21,236,906 shares in the company, valued at approximately $248,471,800.20. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Yuping Huang also recently made the following trade(s):

• On Tuesday, March 25th, Yuping Huang sold 200,000 shares of Quantum Computing stock. The shares were sold at an average price of $8.48, for a total value of $1,696,000.00.

Quantum Computing Stock Performance

QUBT stock opened at $12.07 on Friday. Quantum Computing Inc. has a fifty-two week low of $0.35 and a fifty-two week high of $27.15. The business’s 50-day moving average is $7.84 and its two-hundred day moving average is $8.52. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -41.62 and a beta of 3.74.

Quantum Computing (NASDAQ:QUBT) last posted its earnings results on Thursday, March 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42). The business had revenue of $0.06 million during the quarter, compared to the consensus estimate of $0.20 million. During the same quarter last year, the company posted ($0.09) earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. UNICOM Systems Inc. bought a new position in Quantum Computing in the fourth quarter valued at about $5,707,000. SBI Securities Co. Ltd. bought a new position in Quantum Computing in the fourth quarter valued at about $1,602,000. Raymond James Financial Inc. bought a new position in Quantum Computing in the fourth quarter valued at about $1,924,000. Farther Finance Advisors LLC bought a new position in shares of Quantum Computing in the fourth quarter worth about $33,000. Finally, Stifel Financial Corp bought a new position in shares of Quantum Computing in the fourth quarter worth about $679,000. Institutional investors own 4.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Ascendiant Capital Markets increased their target price on Quantum Computing from $8.50 to $14.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Wall Street Zen upgraded Quantum Computing from a “strong sell” rating to a “hold” rating in a research note on Thursday.

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.