UBS Group AG Has $3.23 Million Stake in Arqit Quantum Inc. $ARQQ

UBS Group AG grew its holdings in shares of Arqit Quantum Inc. (NASDAQ:ARQQ) by 92.5% in the 4th quarter, Holdings Channel reports. The fund owned 147,397 shares of the company’s stock after buying an additional 70,811 shares during the period. UBS Group AG’s holdings in Arqit Quantum were worth $3,225,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Penserra Capital Management LLC raised its stake in Arqit Quantum by 43.4% during the third quarter. Penserra Capital Management LLC now owns 1,021,248 shares of the company’s stock worth $39,573,000 after acquiring an additional 308,942 shares in the last quarter. Royal Bank of Canada raised its stake in Arqit Quantum by 222.9% during the first quarter. Royal Bank of Canada now owns 20,550 shares of the company’s stock worth $284,000 after acquiring an additional 14,186 shares in the last quarter. Cresset Asset Management LLC acquired a new position in Arqit Quantum during the third quarter worth about $284,000. Quantbot Technologies LP acquired a new position in Arqit Quantum during the second quarter worth about $122,000. Finally, National Bank of Canada FI acquired a new position in Arqit Quantum during the third quarter worth about $27,000. Institutional investors and hedge funds own 16.60% of the company’s stock.

Insider Buying and Selling

In other Arqit Quantum news, CEO Andrew Leaver sold 7,595 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $13.51, for a total transaction of $102,608.45. Following the completion of the transaction, the chief executive officer owned 45,751 shares of the company’s stock, valued at approximately $618,096.01. The trade was a 14.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 14,356 shares of company stock worth $193,732 over the last three months. 54.60% of the stock is currently owned by insiders.

Arqit Quantum Price Performance

Shares of NASDAQ ARQQ opened at $17.49 on Monday. Arqit Quantum Inc. has a 12 month low of $11.52 and a 12 month high of $62.00. The stock has a 50-day moving average price of $14.08 and a two-hundred day moving average price of $20.30.

About Arqit Quantum

Arqit Quantum Inc is a UK?based cybersecurity company specializing in quantum-safe encryption solutions designed to protect sensitive data from current and emerging cyber threats. The company’s core technology leverages principles of quantum physics to generate and distribute encryption keys in a way that remains impervious to attacks, including those enabled by future quantum computers. Arqit’s platform is designed to integrate with existing IT infrastructures without requiring hardware upgrades, offering end?to?end data protection for enterprises, governments and critical infrastructure providers.

The company’s flagship QuantumCloud platform uses a patented key distribution architecture to deliver symmetrical keys to endpoints across distributed networks.