Stock Traders Purchase Large Volume of Arqit Quantum Call Options (NASDAQ:ARQQ)

Arqit Quantum Inc. (NASDAQ:ARQQ) was the target of unusually large options trading on Wednesday. Stock traders acquired 3,305 call options on the stock. This represents an increase of approximately 587% compared to the typical volume of 481 call options.

Analyst Ratings Changes

Several equities research analysts have weighed in on ARQQ shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Arqit Quantum in a report on Wednesday, January 21st. Wall Street Zen cut Arqit Quantum from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Finally, HC Wainwright reiterated a “buy” rating on shares of Arqit Quantum in a report on Thursday, December 18th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Arqit Quantum has an average rating of “Hold” and an average price target of $60.00.

Insiders Place Their Bets

In other Arqit Quantum news, CEO Andrew Leaver sold 7,595 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $13.51, for a total value of $102,608.45. Following the completion of the sale, the chief executive officer owned 45,751 shares in the company, valued at approximately $618,096.01. This trade represents a 14.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 13,921 shares of company stock valued at $186,828. Company insiders own 54.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. National Bank of Canada FI bought a new position in shares of Arqit Quantum in the 3rd quarter worth approximately $27,000. Kestra Advisory Services LLC bought a new position in shares of Arqit Quantum in the 4th quarter worth approximately $40,000. Jones Financial Companies Lllp raised its position in shares of Arqit Quantum by 333.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,206 shares of the company’s stock worth $80,000 after acquiring an additional 1,697 shares in the last quarter. MASO CAPITAL PARTNERS Ltd bought a new position in shares of Arqit Quantum in the 3rd quarter worth approximately $110,000. Finally, Quantbot Technologies LP bought a new position in shares of Arqit Quantum in the 2nd quarter worth approximately $122,000. Institutional investors own 16.60% of the company’s stock.

Arqit Quantum Price Performance

Shares of NASDAQ:ARQQ opened at $16.23 on Thursday. Arqit Quantum has a 52-week low of $11.52 and a 52-week high of $62.00. The stock has a 50 day moving average price of $15.00 and a 200-day moving average price of $25.89.

About Arqit Quantum

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.