15,642 Quantinuum Inc. $QNT Shares Acquired by Parisi Gray Wealth Management

Parisi Gray Wealth Management increased its holdings in shares of Quantinuum Inc. (NASDAQ:QNT) by 508.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,717 shares of the company’s stock after acquiring an additional 15,642 shares during the period. Parisi Gray Wealth Management’s holdings in Quantinuum were worth $900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QNT. CoreCap Advisors LLC acquired a new stake in Quantinuum during the 3rd quarter valued at $32,000. Lisanti Capital Growth LLC acquired a new position in Quantinuum in the second quarter worth $409,000. Integrated Wealth Concepts LLC acquired a new position in Quantinuum in the second quarter worth $417,000. Steel Grove Capital Advisors LLC grew its holdings in shares of Quantinuum by 25.6% during the third quarter. Steel Grove Capital Advisors LLC now owns 5,992 shares of the company’s stock worth $288,000 after purchasing an additional 1,222 shares during the last quarter. Finally, Outfitters Financial LLC bought a new stake in shares of Quantinuum during the second quarter worth $511,000.

Analyst Upgrades and Downgrades

QNT has been the subject of a number of research analyst reports. Morgan Stanley raised Quantinuum from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $78.00 to $62.00 in a report on Thursday. Mizuho started coverage on shares of Quantinuum in a report on Monday, June 29th. They set an “outperform” rating and a $90.00 price objective on the stock. Zacks Research raised shares of Quantinuum to a “hold” rating in a report on Tuesday, June 30th. Bank of America initiated coverage on shares of Quantinuum in a research report on Monday, June 29th. They issued a “buy” rating and a $100.00 price objective for the company. Finally, UBS Group initiated coverage on shares of Quantinuum in a research note on Monday, June 29th. They issued a “buy” rating and a $93.00 target price for the company. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Quantinuum has an average rating of “Moderate Buy” and an average target price of $97.08.

Quantinuum Stock Performance

QNT stock traded down $0.13 during trading on Friday, hitting $36.55. The company had a trading volume of 2,555,143 shares, compared to its average volume of 2,402,780. The company has a 50-day simple moving average of $50.20. Quantinuum Inc. has a 12 month low of $33.02 and a 12 month high of $86.79. The company has a market cap of $9.62 billion and a PE ratio of -130.54.

Quantinuum (NASDAQ:QNT) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.02). The business had revenue of $8.00 million during the quarter. Equities research analysts predict that Quantinuum Inc. will post -4.76 earnings per share for the current fiscal year.

About Quantinuum

Quantinuum is a quantum computing and quantum information technology company that develops full-stack quantum computing systems, software and cybersecurity solutions. Its business combines trapped-ion quantum computing hardware with software designed to help organizations develop, test and run quantum applications.

The company offers quantum computing systems and related cloud access, as well as software products for quantum programming, algorithm development and chemistry research. Its portfolio has included the TKET software development toolkit, InQuanto for quantum chemistry and materials modeling, and Quantum Origin, a platform focused on quantum-enhanced cybersecurity and cryptographic key generation.