Quantum Computing (NASDAQ:QUBT) Shares Down 5.1% – What’s Next?

26 May 2026, 17:32 by Jessica Moore · The Cerbat Gem

Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report)’s share price dropped 5.1% during mid-day trading on Tuesday . The company traded as low as $11.27 and last traded at $11.68. Approximately 33,750,377 shares traded hands during mid-day trading, an increase of 98% from the average daily volume of 17,021,629 shares. The stock had previously closed at $12.31.

Analysts Set New Price Targets

QUBT has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum Computing in a research report on Friday, March 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 price target on shares of Quantum Computing in a research report on Tuesday, March 3rd. Wall Street Zen raised shares of Quantum Computing from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Northland Securities initiated coverage on shares of Quantum Computing in a report on Monday, April 20th. They issued an “outperform” rating and a $20.00 target price for the company. Finally, Cantor Fitzgerald dropped their price target on Quantum Computing from $15.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.50.

Read Our Latest Stock Report on Quantum Computing

Quantum Computing Price Performance

The company has a market capitalization of $2.63 billion, a P/E ratio of -41.71 and a beta of 3.70. The business has a 50-day moving average of $8.65 and a 200-day moving average of $9.90.

Quantum Computing (NASDAQ:QUBT – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The company had revenue of $3.69 million during the quarter, compared to the consensus estimate of $3.13 million. Sell-side analysts predict that Quantum Computing Inc. will post -0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Christopher Bruce Roberts sold 9,360 shares of Quantum Computing stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $7.85, for a total transaction of $73,476.00. Following the completion of the sale, the chief financial officer owned 1,123,038 shares of the company’s stock, valued at $8,815,848.30. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 19.30% of the company’s stock.

Institutional Trading of Quantum Computing

Several large investors have recently made changes to their positions in QUBT. Royal Bank of Canada grew its holdings in Quantum Computing by 57.1% in the 1st quarter. Royal Bank of Canada now owns 53,752 shares of the company’s stock valued at $430,000 after buying an additional 19,527 shares in the last quarter. Millennium Management LLC lifted its stake in Quantum Computing by 288.9% during the 1st quarter. Millennium Management LLC now owns 651,455 shares of the company’s stock worth $5,212,000 after acquiring an additional 483,940 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Quantum Computing by 0.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 326,278 shares of the company’s stock worth $2,610,000 after acquiring an additional 2,280 shares in the last quarter. Rhumbline Advisers acquired a new stake in Quantum Computing in the 1st quarter valued at about $28,000. Finally, JPMorgan Chase & Co. raised its position in Quantum Computing by 12,826.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 54,551 shares of the company’s stock valued at $1,046,000 after purchasing an additional 54,129 shares in the last quarter. 4.26% of the stock is currently owned by hedge funds and other institutional investors.

Quantum Computing Company Profile

(Get Free Report)

Quantum Computing Inc (NASDAQ: QUBT) is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.