Landscape Capital Management L.L.C. Purchases Shares of 440,017 Quantum Computing Inc. $QUBT

Landscape Capital Management L.L.C. purchased a new stake in shares of Quantum Computing Inc. (NASDAQ:QUBT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 440,017 shares of the company’s stock, valued at approximately $4,515,000.

Several other institutional investors have also recently made changes to their positions in QUBT. Vanguard Group Inc. increased its holdings in Quantum Computing by 38.1% during the fourth quarter. Vanguard Group Inc. now owns 16,841,423 shares of the company’s stock valued at $172,793,000 after buying an additional 4,643,818 shares during the last quarter. SLT Holdings LLC boosted its stake in shares of Quantum Computing by 1,028.7% during the 4th quarter. SLT Holdings LLC now owns 169,300 shares of the company’s stock worth $1,737,000 after acquiring an additional 154,300 shares during the last quarter. Ghisallo Capital Management LLC bought a new stake in shares of Quantum Computing during the 3rd quarter valued at $74,194,000. JPMorgan Chase & Co. increased its stake in shares of Quantum Computing by 1,612.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 933,925 shares of the company’s stock worth $17,194,000 after purchasing an additional 879,374 shares in the last quarter. Finally, Polar Asset Management Partners Inc. increased its stake in shares of Quantum Computing by 72.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,686,727 shares of the company’s stock worth $48,643,000 after purchasing an additional 1,127,427 shares in the last quarter. Institutional investors own 4.26% of the company’s stock.

Quantum Computing Price Performance

NASDAQ:QUBT opened at $9.93 on Friday. The company has a market cap of $2.24 billion, a price-to-earnings ratio of -35.46 and a beta of 3.72. Quantum Computing Inc. has a 1 year low of $6.18 and a 1 year high of $25.84. The stock’s 50 day simple moving average is $9.73 and its two-hundred day simple moving average is $9.84.

Quantum Computing (NASDAQ:QUBT) last posted its earnings results on Monday, May 11th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The business had revenue of $3.69 million during the quarter, compared to analysts’ expectations of $3.13 million. As a group, analysts anticipate that Quantum Computing Inc. will post -0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.