7 hours Ago By ABMN Staff
Marshall Wace LLP purchased a new stake in shares of Arqit Quantum Inc. ( NASDAQ:ARQQ – Free Report ) during the 4th quarter, HoldingsChannel.com reports.
The institutional investor purchased 27,872 shares of the company’s stock, valued at approximately $1,083,000. Several other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co.
Ltd. acquired a new position in shares of Arqit Quantum during the 4th quarter valued at about $937,000. Veracity Capital LLC acquired a new position in shares of Arqit Quantum during the 4th quarter valued at about $420,000.
Envestnet Asset Management Inc. acquired a new position in shares of Arqit Quantum during the 4th quarter valued at about $420,000. CIBC Private Wealth Group LLC acquired a new position in shares of Arqit Quantum during the 4th quarter valued at about $388,000.
Finally, Geode Capital Management LLC acquired a new position in shares of Arqit Quantum during the 4th quarter valued at about $280,000. Institutional investors and hedge funds own 16.60% of the company’s stock.
Analysts Set New Price Targets Separately, HC Wainwright boosted their price objective on shares of Arqit Quantum from $27.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, December 31st.
Arqit Quantum Stock Performance Shares of ARQQ opened at $16.50 on Wednesday. Arqit Quantum Inc.
has a 12-month low of $3.72 and a 12-month high of $52.79.
The company’s 50-day moving average price is $14.65 and its 200 day moving average price is $17.85.
Arqit Quantum Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding ARQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arqit Quantum Inc.
( NASDAQ:ARQQ – Free Report ). Receive News & Ratings for Arqit Quantum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arqit Quantum and related companies with MarketBeat.com's FREE daily email newsletter .
.
