Key Points
- CEO Andrew Leaver sold 7,595 shares on April 6 at an average price of $13.51 for a total of $102,608.45, reducing his ownership by 14.24% to 45,751 shares (about $618,096).
- ARQQ opened at $12.55 and is trading near its one‑year low ($11.52) well below its one‑year high ($62.00), with 50‑day and 200‑day moving averages of $15.85 and $26.91 respectively.
- Analysts are split (one Buy, one Sell) with an average rating of Hold and an average price target of $60.00.
Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) CEO Andrew Leaver sold 7,595 shares of the firm's stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $13.51, for a total value of $102,608.45. Following the transaction, the chief executive officer owned 45,751 shares of the company's stock, valued at $618,096.01. This trade represents a 14.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Arqit Quantum Stock Performance
Shares of ARQQ opened at $12.55 on Wednesday. Arqit Quantum Inc. has a 1 year low of $11.52 and a 1 year high of $62.00. The business has a 50-day moving average of $15.85 and a 200-day moving average of $26.91.
Institutional Investors Weigh In On Arqit Quantum
Several large investors have recently added to or reduced their stakes in ARQQ. National Bank of Canada FI acquired a new stake in Arqit Quantum during the third quarter worth approximately $27,000. Kestra Advisory Services LLC acquired a new stake in Arqit Quantum during the fourth quarter worth approximately $40,000. Flagship Harbor Advisors LLC acquired a new stake in Arqit Quantum during the fourth quarter worth approximately $75,000. Jones Financial Companies Lllp grew its stake in Arqit Quantum by 333.4% during the third quarter. Jones Financial Companies Lllp now owns 2,206 shares of the company's stock worth $80,000 after purchasing an additional 1,697 shares during the period. Finally, Leonteq Securities AG acquired a new stake in Arqit Quantum during the fourth quarter worth approximately $98,000. Institutional investors and hedge funds own 16.60% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on ARQQ. Weiss Ratings restated a "sell (d)" rating on shares of Arqit Quantum in a research report on Wednesday, January 21st. Wall Street Zen downgraded Arqit Quantum from a "hold" rating to a "sell" rating in a research report on Saturday, January 17th. Finally, HC Wainwright restated a "buy" rating on shares of Arqit Quantum in a research report on Thursday, December 18th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $60.00.
View Our Latest Analysis on Arqit Quantum
Arqit Quantum Company Profile
(
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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