SBI Securities Co. Ltd. Invests $937,000 in Arqit Quantum Inc. (NASDAQ:ARQQ)

SBI Securities Co. Ltd. acquired a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 24,113 shares of the company’s stock, valued at approximately $937,000. SBI Securities Co. Ltd. owned approximately 0.19% of Arqit Quantum as of its most recent filing with the Securities & Exchange Commission.

Separately, Veracity Capital LLC acquired a new stake in shares of Arqit Quantum in the fourth quarter valued at approximately $420,000. Institutional investors own 16.60% of the company’s stock.

Arqit Quantum Stock Performance

Shares of NASDAQ ARQQ opened at $12.30 on Tuesday. Arqit Quantum Inc. has a fifty-two week low of $3.72 and a fifty-two week high of $52.79. The business has a 50-day moving average of $24.02 and a 200-day moving average of $15.53.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased their target price on shares of Arqit Quantum from $27.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st.

About Arqit Quantum

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.