Quantum Computing (QUBT) jumped 13% in after-hours trading after reporting better-than-expected third-quarter results. Revenue came in at $384,000, up sharply from a year ago and ahead of estimates. The company also posted earnings of $0.01 per share, beating analysts’ expectations of a $0.06 loss. Meanwhile, QUBT ended the quarter with a strong cash position of $352 million, giving it room to expand and invest.
Meet Your ETF AI Analyst
Management said the quarter showed clear progress in funding and commercial traction. CEO Yuping Huang noted the focus is now shifting from early production toward larger-scale manufacturing. He also highlighted new revenue tied to NASA’s LiDAR program and a deal with a major U.S. financial institution that tested the company’s quantum and AI platforms. With the stock now in focus, it’s worth looking at who owns QUBT shares.
Now, according to TipRanks’ ownership page, public companies and individual investors own 63.59% of QUBT. They are followed by ETFs, insiders, mutual funds, and other institutional investors at 15.20%, 12.46%, 7.17%, and 1.58%, respectively.
Digging Deeper into QUBT’s Ownership Structure
Looking closely at top shareholders, Yuping Huang owns the highest stake in Quantum Computing at 11.18%. Next up is Vanguard, which holds a 5.74% stake in the company.
Among the top ETF holders, the YieldMax Ultra Option Income Strategy ETF (ULTY) owns a 3.09% stake in QUBT stock, followed by the Vanguard Total Stock Market ETF (VTI), with a 2.30% stake.
Moving to mutual funds, Vanguard Index Funds holds about 2.98% of Quantum Computing. Meanwhile, Vanguard World Fund owns 1.70% of the company.
Is QUBT Stock a Good Buy?
According to TipRanks, QUBT stock has received a Moderate Buy consensus rating, with two Buys assigned in the last three months. The average Quantum Computing stock price target is $32.00, suggesting a potential upside of 201.89% from the current level.
See more QUBT analyst ratings
Disclaimer & DisclosureReport an Issue
