Charles Schwab Investment Management Inc. Invests $506,000 in Quantum Computing Inc. (NASDAQ:QUBT)

Posted by Defense World Staff on Apr 1st, 2025

Charles Schwab Investment Management Inc. purchased a new stake in Quantum Computing Inc. (NASDAQ:QUBT – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,573 shares of the company’s stock, valued at approximately $506,000.

Other institutional investors have also recently added to or reduced their stakes in the company. UNICOM Systems Inc. purchased a new stake in Quantum Computing in the 4th quarter valued at $5,707,000. SBI Securities Co. Ltd. purchased a new stake in shares of Quantum Computing in the fourth quarter valued at about $1,602,000. SG Americas Securities LLC purchased a new stake in shares of Quantum Computing in the fourth quarter valued at about $626,000. Virtu Financial LLC increased its position in Quantum Computing by 377.7% during the third quarter. Virtu Financial LLC now owns 60,557 shares of the company’s stock worth $40,000 after purchasing an additional 47,880 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Quantum Computing during the fourth quarter worth about $786,000. Hedge funds and other institutional investors own 4.26% of the company’s stock.

Insider Activity

In related news, insider Yuping Huang sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.48, for a total transaction of $1,696,000.00. Following the completion of the sale, the insider now directly owns 24,051,256 shares of the company’s stock, valued at approximately $203,954,650.88. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 31.10% of the company’s stock.

Quantum Computing Price Performance

Quantum Computing stock opened at $8.00 on Tuesday. The firm has a 50 day simple moving average of $7.98 and a 200-day simple moving average of $6.73. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -27.59 and a beta of 3.26. Quantum Computing Inc. has a 1-year low of $0.35 and a 1-year high of $27.15.

Quantum Computing (NASDAQ:QUBT – Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42). The company had revenue of $0.06 million during the quarter, compared to analysts’ expectations of $0.20 million. During the same quarter in the previous year, the company earned ($0.09) EPS.

About Quantum Computing

(Free Report)

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.