Heck Capital Advisors LLC Takes $1.26 Million Position in Quantum Computing Inc. (NASDAQ:QUBT)

Heck Capital Advisors LLC bought a new position in Quantum Computing Inc. (NASDAQ:QUBT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 75,839 shares of the company’s stock, valued at approximately $1,255,000.

Several other hedge funds also recently made changes to their positions in QUBT. Flagship Harbor Advisors LLC purchased a new stake in Quantum Computing in the 4th quarter worth approximately $199,000. Sovereign Financial Group Inc. bought a new position in shares of Quantum Computing during the fourth quarter valued at approximately $209,000. Diversify Wealth Management LLC purchased a new stake in Quantum Computing in the fourth quarter worth $331,000. Veracity Capital LLC bought a new stake in Quantum Computing in the fourth quarter valued at $343,000. Finally, SG Americas Securities LLC purchased a new position in Quantum Computing during the 4th quarter valued at $626,000. 4.26% of the stock is owned by hedge funds and other institutional investors.

Quantum Computing Stock Performance

Shares of QUBT opened at $10.38 on Friday. Quantum Computing Inc. has a one year low of $0.35 and a one year high of $27.15. The company has a 50-day simple moving average of $11.68 and a two-hundred day simple moving average of $4.72.

Quantum Computing (NASDAQ:QUBT) last released its earnings results on Wednesday, November 6th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $0.10 million during the quarter.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets raised their target price on shares of Quantum Computing from $8.25 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday, November 13th.

Quantum Computing Company Profile

Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.