With Quantum Computing (QUBT) Stock Up 13% After Q3 Earnings, Let’s Look at Who Owns It

Quantum Computing ( QUBT) leapt 13% in after-hours trading after reporting better-than-expected third-quarter outcomes. Profits can be found in at $384,000, up greatly from a year back and ahead of price quotes. The business likewise published profits of $0.01 per share, beating experts’ expectations of a $0.06 loss. On the other hand, QUBT ended the quarter with a strong money position of $352 million, offering it space to broaden and invest.

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Management stated the quarter revealed clear development in financing and industrial traction. CEO Yuping Huang kept in mind the focus is now moving from early production towards larger-scale production. He likewise highlighted brand-new earnings connected to NASA’s LiDAR program and a handle a significant U.S. banks that checked the business’s quantum and AI platforms. With the stock now in focus, it deserves taking a look at who owns QUBT shares.

Now, according to TipRanks’ ownership page, public business and specific financiers own 63.59% of QUBT. They are followed by ETFs, experts, shared funds, and other institutional financiers at 15.20%, 12.46%, 7.17%, and 1.58%, respectively.

Digging Much deeper into QUBT’s Ownership Structure

Looking carefully at leading investors, Yuping Huang owns the greatest stake in Quantum Computing at 11.18%. Next up is Lead, which holds a 5.74% stake in the business.

Amongst the leading ETF holders, the YieldMax Ultra Alternative Earnings Method ETF (ULTY) owns a 3.09% stake in QUBT stock, followed by the Lead Overall Stock Exchange ETF ( VTI), with a 2.30% stake.

Transferring to shared funds, Lead Index Funds holds about 2.98% of Quantum Computing. On The Other Hand, Lead World Fund owns 1.70% of the business.

Is QUBT Stock a Bargain?

According to TipRanks, QUBT stock has actually gotten a Moderate Buy agreement score, with 2 Buys designated in the last 3 months. The typical Quantum Computing stock cost target is $32.00, recommending a possible advantage of 201.89% from the present level.