Jacobi Capital Management LLC Buys Shares of 16,900 Quantum Computing Inc. (NASDAQ:QUBT)

Jacobi Capital Management LLC bought a new stake in Quantum Computing Inc. (NASDAQ:QUBT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,900 shares of the company’s stock, valued at approximately $280,000.

Other large investors also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of Quantum Computing during the 3rd quarter worth $46,000. Geode Capital Management LLC grew its holdings in shares of Quantum Computing by 10.5% during the 3rd quarter. Geode Capital Management LLC now owns 687,208 shares of the company’s stock worth $449,000 after purchasing an additional 65,486 shares during the period. Virtu Financial LLC grew its holdings in shares of Quantum Computing by 377.7% during the 3rd quarter. Virtu Financial LLC now owns 60,557 shares of the company’s stock worth $40,000 after purchasing an additional 47,880 shares during the period. Sovereign Financial Group Inc. purchased a new position in shares of Quantum Computing during the 4th quarter worth $209,000. Finally, Diversify Wealth Management LLC purchased a new position in shares of Quantum Computing during the 4th quarter worth $331,000. 4.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Quantum Computing Trading Down 1.8 %

NASDAQ QUBT opened at $6.07 on Monday. The stock has a fifty day simple moving average of $11.09 and a 200-day simple moving average of $5.82. Quantum Computing Inc. has a twelve month low of $0.35 and a twelve month high of $27.15. The stock has a market cap of $832.66 million, a PE ratio of -20.93 and a beta of 2.75.

Quantum Computing Profile

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.