UNICOM Systems Inc. Makes New Investment in Quantum Computing Inc. (NASDAQ:QUBT)

UNICOM Systems Inc. bought a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 344,853 shares of the company’s stock, valued at approximately $5,707,000. Quantum Computing makes up approximately 1.4% of UNICOM Systems Inc.’s investment portfolio, making the stock its 12th biggest position. UNICOM Systems Inc. owned 0.27% of Quantum Computing as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in shares of Quantum Computing in the third quarter worth about $46,000. Geode Capital Management LLC grew its position in Quantum Computing by 10.5% in the third quarter. Geode Capital Management LLC now owns 687,208 shares of the company’s stock valued at $449,000 after acquiring an additional 65,486 shares in the last quarter. Virtu Financial LLC raised its stake in shares of Quantum Computing by 377.7% during the third quarter. Virtu Financial LLC now owns 60,557 shares of the company’s stock valued at $40,000 after purchasing an additional 47,880 shares during the period. Sovereign Financial Group Inc. acquired a new position in shares of Quantum Computing during the fourth quarter worth $209,000. Finally, Diversify Wealth Management LLC purchased a new position in shares of Quantum Computing in the fourth quarter valued at $331,000. Hedge funds and other institutional investors own 4.26% of the company’s stock.

Quantum Computing Price Performance

QUBT opened at $8.71 on Tuesday. The company has a 50-day moving average of $12.00 and a 200-day moving average of $5.15. Quantum Computing Inc. has a 1-year low of $0.35 and a 1-year high of $27.15.

Analyst Upgrades and Downgrades

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

About Quantum Computing

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.