Wolverine Asset Management LLC Makes New $166,000 Investment in Arqit Quantum Inc. (NASDAQ:ARQQ)

Wolverine Asset Management LLC acquired a new stake in Arqit Quantum Inc. (NASDAQ:ARQQ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,270 shares of the company’s stock, valued at approximately $166,000.

Separately, Veracity Capital LLC acquired a new stake in shares of Arqit Quantum in the fourth quarter valued at $420,000. Institutional investors own 16.60% of the company’s stock.

Arqit Quantum Price Performance

NASDAQ ARQQ opened at $14.02 on Tuesday. Arqit Quantum Inc. has a 52-week low of $3.72 and a 52-week high of $52.79. The business’s 50-day moving average price is $25.89 and its 200 day moving average price is $15.35.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their target price on Arqit Quantum from $27.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, December 31st.

Arqit Quantum Profile

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.