SLT Holdings LLC Boosts Stake in Quantum Computing Inc. $QUBT

SLT Holdings LLC raised its holdings in shares of Quantum Computing Inc. (NASDAQ:QUBT) by 1,028.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,300 shares of the company’s stock after buying an additional 154,300 shares during the quarter. Quantum Computing comprises about 1.1% of SLT Holdings LLC’s holdings, making the stock its 22nd largest position. SLT Holdings LLC’s holdings in Quantum Computing were worth $1,737,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in QUBT. Royal Bank of Canada increased its stake in Quantum Computing by 57.1% in the first quarter. Royal Bank of Canada now owns 53,752 shares of the company’s stock valued at $430,000 after acquiring an additional 19,527 shares during the last quarter. Millennium Management LLC increased its stake in Quantum Computing by 288.9% in the first quarter. Millennium Management LLC now owns 651,455 shares of the company’s stock valued at $5,212,000 after acquiring an additional 483,940 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Quantum Computing by 0.7% in the first quarter. Goldman Sachs Group Inc. now owns 326,278 shares of the company’s stock valued at $2,610,000 after acquiring an additional 2,280 shares during the last quarter. Rhumbline Advisers bought a new position in Quantum Computing in the first quarter valued at $28,000. Finally, JPMorgan Chase & Co. increased its stake in Quantum Computing by 12,826.8% in the second quarter. JPMorgan Chase & Co. now owns 54,551 shares of the company’s stock valued at $1,046,000 after acquiring an additional 54,129 shares during the last quarter. Institutional investors own 4.26% of the company’s stock.

Quantum Computing Stock Performance

Shares of NASDAQ:QUBT opened at $12.31 on Monday. The stock has a market capitalization of $2.78 billion, a P/E ratio of -43.96 and a beta of 3.70. Quantum Computing Inc. has a 12-month low of $6.18 and a 12-month high of $25.84. The stock’s 50-day moving average price is $8.55 and its 200-day moving average price is $9.91.

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

Analyst Ratings Changes

A number of research analysts recently commented on QUBT shares. Cantor Fitzgerald reduced their target price on Quantum Computing from $15.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum Computing in a research note on Friday, March 27th. Northland Securities assumed coverage on shares of Quantum Computing in a report on Monday, April 20th. They issued an “outperform” rating and a $20.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and issued a $22.00 price objective on shares of Quantum Computing in a report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded shares of Quantum Computing from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Quantum Computing has a consensus rating of “Hold” and a consensus price target of $17.50.

Insider Activity

In related news, CFO Christopher Bruce Roberts sold 9,360 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $7.85, for a total value of $73,476.00. Following the sale, the chief financial officer directly owned 1,123,038 shares of the company’s stock, valued at $8,815,848.30. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 19.30% of the stock is owned by insiders.

Key Stories Impacting Quantum Computing

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

• Positive Sentiment: QUBT is benefiting from a sector-wide rally after reports that the U.S. government is considering backing or taking stakes in select quantum computing companies, fueling speculation that the industry could receive major policy support. QUBT Rallies With the Rest of Quantum Computing, but Don’t Buy the Hype
• Positive Sentiment: Investors are also reacting to follow-through buying in the quantum trade after Thursday’s surge, with QUBT continuing to move as part of a basket of high-beta quantum stocks rather than on company-specific news alone. Rigetti Surges 17%, Quantum Computing Inc. Soars 14%, D-Wave Pops 13%, IonQ Rises 8%: The Quantum Bounce Becomes a Rally
• Neutral Sentiment: Some commentary is turning more cautious, noting that QUBT’s valuation remains highly speculative and must be justified by future execution, which could create volatility even as the stock rises. Quantum Computing Inc.: The Story Is Big, But The Valuation Must Be Earned
• Negative Sentiment: Bearish articles are also emphasizing that QUBT remains a high-risk, heavily shorted “moonshot” stock, suggesting the move may be driven more by speculation than by fundamental improvement. Why Quantum Computing (QUBT) Remains a High-Risk Quantum Bet

Quantum Computing Company Profile

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.