Corient Private Wealth LP Makes New $1.29 Million Investment in Quantum Computing Inc. $QUBT - MarketBeat

Corient Private Wealth LP acquired a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 132,594 shares of the company's stock, valued at approximately $1,286,000.

Corient Private Wealth LP owned 0.06% of Quantum Computing as of its most recent SEC filing. Several other hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in Quantum Computing in the 2nd quarter valued at $3,762,000. Jupiter Topco LLC bought a new position in Quantum Computing during the 2nd quarter worth about $852,000. Hsbc Holdings PLC bought a new position in Quantum Computing during the 2nd quarter worth about $395,000. EFG International AG acquired a new stake in shares of Quantum Computing in the 2nd quarter valued at about $48,000. Finally, Legal & General Group Plc acquired a new stake in shares of Quantum Computing in the 2nd quarter valued at about $1,175,000. Institutional investors and hedge funds own 4.26% of the company's stock. A number of brokerages recently issued reports on QUBT. Rosenblatt Securities reissued a "buy" rating and issued a $22.00 target price on shares of Quantum Computing in a research report on Monday, June 29th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $10.00 price target on shares of Quantum Computing in a research report on Tuesday, August 11th.

Lake Street Capital reaffirmed a "buy" rating on shares of Quantum Computing in a research note on Monday, July 6th.

Ascendiant Capital Markets lifted their price objective on shares of Quantum Computing from $30.00 to $32.00 and gave the company a "buy" rating in a report on Wednesday, August 26th. Finally, Wall Street Zen lowered shares of Quantum Computing from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 15th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.67.Get Our Latest Stock Report on Quantum ComputingShares of NASDAQ QUBT opened at $8.01 on Friday.

Quantum Computing Inc. has a 12 month low of $6.18 and a 12 month high of $25.84. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -114.41 and a beta of 3.78. The stock has a 50-day moving average price of $8.49 and a two-hundred day moving average price of $8.84. Quantum Computing (NASDAQ:QUBT - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). The company had revenue of $5.55 million during the quarter, compared to analyst estimates of $5.15 million. On average, sell-side analysts predict that Quantum Computing Inc. will post -0.19 earnings per share for the current year.

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.Want to see what other hedge funds are holding QUBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quantum Computing Inc. (NASDAQ:QUBT - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Before you consider Quantum Computing, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quantum Computing wasn't on the list.While Quantum Computing currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here The AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge—and the key risks investors should watch as the global AI buildout accelerates.Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools and reports.