Pacific Heights Asset Management LLC Boosts Stock Position in Quantum Computing Inc. $QUBT

Pacific Heights Asset Management LLC grew its stake in Quantum Computing Inc. (NASDAQ:QUBT) by 38.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 900,000 shares of the company’s stock after acquiring an additional 250,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Quantum Computing were worth $9,234,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Quantum Computing by 38.1% in the fourth quarter. Vanguard Group Inc. now owns 16,841,423 shares of the company’s stock valued at $172,793,000 after purchasing an additional 4,643,818 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Quantum Computing in the third quarter valued at approximately $123,014,000. Anson Funds Management LP lifted its holdings in Quantum Computing by 14.9% in the third quarter. Anson Funds Management LP now owns 5,373,455 shares of the company’s stock valued at $98,925,000 after acquiring an additional 695,092 shares during the last quarter. Ghisallo Capital Management LLC acquired a new position in Quantum Computing in the third quarter valued at approximately $74,194,000. Finally, Polar Asset Management Partners Inc. lifted its holdings in Quantum Computing by 72.3% in the third quarter. Polar Asset Management Partners Inc. now owns 2,686,727 shares of the company’s stock valued at $48,643,000 after acquiring an additional 1,127,427 shares during the last quarter. 4.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Quantum Computing

In other news, CFO Christopher Bruce Roberts sold 68,902 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $7.85, for a total transaction of $540,880.70. Following the completion of the transaction, the chief financial officer directly owned 1,132,398 shares in the company, valued at $8,889,324.30. This trade represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 19.30% of the stock is currently owned by corporate insiders.

Trending Headlines about Quantum Computing

Here are the key news stories impacting Quantum Computing this week:

• Positive Sentiment: Northland Securities raised its earnings estimates for Quantum Computing and reiterated an Outperform rating with a $20 price target, signaling improved analyst expectations for the company’s longer-term earnings path.
• Positive Sentiment: Multiple articles highlighted the stock’s post-earnings surge and a huge revenue beat, showing that investors are still reacting to the strong quarterly results and rapid top-line growth.
• Neutral Sentiment: Analyst-target commentary from Yahoo Finance and Zacks pointed to roughly 61.7% upside, but also noted that consensus targets have mixed predictive value, so this was more of a sentiment support item than a clear catalyst.
• Neutral Sentiment: Coverage from TipRanks and Seeking Alpha suggested Wall Street remains skeptical about how quickly Quantum Computing can turn revenue growth into durable profits, keeping expectations elevated but not fully validated.
• Negative Sentiment: The broader quantum-computing group sold off Friday, with QUBT falling alongside peers like IonQ, Rigetti, and D-Wave, indicating sector-wide pressure rather than company-specific bad news.

Wall Street Analysts Forecast Growth

QUBT has been the topic of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 price objective on shares of Quantum Computing in a report on Tuesday, March 3rd. Cantor Fitzgerald decreased their price objective on Quantum Computing from $15.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum Computing in a report on Friday, March 27th. Northland Securities initiated coverage on Quantum Computing in a report on Monday, April 20th. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Wall Street Zen upgraded Quantum Computing from a “sell” rating to a “hold” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Quantum Computing Stock Performance

QUBT opened at $10.51 on Monday. The business’s 50 day moving average price is $8.27 and its 200 day moving average price is $10.09. Quantum Computing Inc. has a one year low of $6.18 and a one year high of $25.84. The stock has a market capitalization of $2.37 billion, a PE ratio of -37.53 and a beta of 3.70.

Quantum Computing (NASDAQ:QUBT) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The firm had revenue of $3.69 million for the quarter, compared to analysts’ expectations of $3.13 million. As a group, equities research analysts forecast that Quantum Computing Inc. will post -0.14 earnings per share for the current fiscal year.

About Quantum Computing

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.