Squarepoint Ops LLC Has $3.91 Million Stock Holdings in Quantum Computing Inc. $QUBT - MarketBeat

Squarepoint Ops LLC decreased its position in Quantum Computing Inc. (NASDAQ:QUBT - Free Report) by 71.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 402,727 shares of the company's stock after selling 1,004,606 shares during the quarter. Squarepoint Ops LLC owned 0.18% of Quantum Computing worth $3,906,000 at the end of the most recent reporting period. A number of other hedge funds have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Quantum Computing by 57.1% during the 1st quarter. Royal Bank of Canada now owns 53,752 shares of the company's stock valued at $430,000 after purchasing an additional 19,527 shares during the last quarter. Millennium Management LLC grew its stake in Quantum Computing by 288.9% during the first quarter. Millennium Management LLC now owns 651,455 shares of the company's stock worth $5,212,000 after buying an additional 483,940 shares during the last quarter.

Goldman Sachs Group Inc. grew its stake in Quantum Computing by 0.7% during the first quarter.

Goldman Sachs Group Inc. now owns 326,278 shares of the company's stock worth $2,610,000 after buying an additional 2,280 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of Quantum Computing during the first quarter worth approximately $28,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Quantum Computing by 12,826.8% during the second quarter. JPMorgan Chase & Co. now owns 54,551 shares of the company's stock worth $1,046,000 after buying an additional 54,129 shares in the last quarter. Institutional investors and hedge funds own 4.26% of the company's stock. QUBT opened at $7.99 on Friday.

Quantum Computing Inc. has a 1-year low of $6.18 and a 1-year high of $25.84. The stock has a market capitalization of $1.81 billion, a PE ratio of -114.13 and a beta of 3.78. The firm has a 50-day moving average price of $8.35 and a two-hundred day moving average price of $8.84. Quantum Computing (NASDAQ:QUBT - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). The firm had revenue of $5.55 million for the quarter, compared to the consensus estimate of $5.15 million. On average, research analysts predict that Quantum Computing Inc. will post -0.19 EPS for the current year. A number of research analysts have recently issued reports on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $22.00 target price on shares of Quantum Computing in a report on Monday, June 29th.

Ascendiant Capital Markets increased their price target on Quantum Computing from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, August 26th.

Wall Street Zen cut Quantum Computing from a "sell" rating to a "strong sell" rating in a report on Saturday, August 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Quantum Computing in a research report on Wednesday, June 24th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $10.00 price objective on shares of Quantum Computing in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.67.View Our Latest Research Report on Quantum ComputingQuantum Computing, Inc NASDAQ: QUBT, also known as QCi, develops quantum computing and quantum optics technologies designed to address complex computational and optimization problems. The company focuses on photonic quantum computing, which uses light-based systems intended to operate at or near room temperature and potentially reduce the infrastructure requirements associated with some conventional quantum-computing architectures. QCi's offerings include quantum optimization systems and related software intended for applications such as logistics, financial modeling, artificial intelligence, machine learning, cybersecurity and drug or materials discovery.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 MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools and reports.