Key Points
- CRO Paul Feenan sold 1,632 Arqit (NASDAQ:ARQQ) shares on April 2 at an average price of $13.32 for $21,738.24, trimming his position by 8.33% to 17,963 shares (valued at about $239,267).
- ARQQ opened at $13.97 and trades within a 12‑month range of $11.00 to $62.00, with a 50‑day moving average of $16.26 and a 200‑day moving average of $27.38.
- Mixed analyst and institutional interest: the stock has one Buy and one Sell rating (average "Hold" and $60 target), while institutions like Defiance ETFs added large new positions and hedge funds/institutions own roughly 16.6% of the shares.
Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) CRO Paul Feenan sold 1,632 shares of the company's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $13.32, for a total value of $21,738.24. Following the completion of the transaction, the executive directly owned 17,963 shares in the company, valued at $239,267.16. This trade represents a 8.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Arqit Quantum Stock Performance
NASDAQ:ARQQ opened at $13.97 on Friday. Arqit Quantum Inc. has a twelve month low of $11.00 and a twelve month high of $62.00. The stock has a fifty day simple moving average of $16.26 and a 200-day simple moving average of $27.38.
Institutional Investors Weigh In On Arqit Quantum
Several hedge funds have recently made changes to their positions in ARQQ. Defiance ETFs LLC bought a new position in shares of Arqit Quantum during the 4th quarter worth $30,248,000. Kestra Advisory Services LLC bought a new stake in shares of Arqit Quantum in the fourth quarter valued at about $40,000. Wells Fargo & Company MN raised its holdings in shares of Arqit Quantum by 304.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,195 shares of the company's stock valued at $223,000 after acquiring an additional 7,677 shares in the last quarter. Leonteq Securities AG purchased a new stake in Arqit Quantum in the fourth quarter worth about $98,000. Finally, Kessler Investment Group LLC purchased a new stake in Arqit Quantum in the fourth quarter worth about $1,047,000. 16.60% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ARQQ has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Arqit Quantum from a "hold" rating to a "sell" rating in a report on Saturday, January 17th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Arqit Quantum in a research report on Wednesday, January 21st. Finally, HC Wainwright reaffirmed a "buy" rating on shares of Arqit Quantum in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $60.00.
View Our Latest Stock Analysis on ARQQ
About Arqit Quantum
(
Get Free Report)
Arqit Quantum Inc is a UK‐based cybersecurity company specializing in quantum-safe encryption solutions designed to protect sensitive data from current and emerging cyber threats. The company's core technology leverages principles of quantum physics to generate and distribute encryption keys in a way that remains impervious to attacks, including those enabled by future quantum computers. Arqit's platform is designed to integrate with existing IT infrastructures without requiring hardware upgrades, offering end‐to‐end data protection for enterprises, governments and critical infrastructure providers.
The company's flagship QuantumCloud platform uses a patented key distribution architecture to deliver symmetrical keys to endpoints across distributed networks.
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