Traders Purchase High Volume of Call Options on Arqit Quantum (NASDAQ:ARQQ)

Arqit Quantum Inc. (NASDAQ:ARQQGet Free Report) was the target of some unusual options trading on Monday. Stock investors purchased 2,702 call options on the company. This represents an increase of 453% compared to the average volume of 489 call options.

Analyst Ratings Changes

Separately, HC Wainwright upped their price objective on Arqit Quantum from $27.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st.

View Our Latest Research Report on ARQQ

Arqit Quantum Trading Up 35.6 %

Shares of NASDAQ ARQQ traded up $5.34 during midday trading on Monday, hitting $20.34. The company’s stock had a trading volume of 1,806,429 shares, compared to its average volume of 651,719. The business’s 50 day moving average is $19.45 and its two-hundred day moving average is $15.79. Arqit Quantum has a 12-month low of $3.72 and a 12-month high of $52.79.

Institutional Investors Weigh In On Arqit Quantum

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP purchased a new stake in shares of Arqit Quantum in the fourth quarter worth approximately $30,000. Barclays PLC purchased a new position in shares of Arqit Quantum in the 4th quarter valued at $39,000. Wells Fargo & Company MN purchased a new position in shares of Arqit Quantum in the 4th quarter valued at $134,000. Wolverine Asset Management LLC purchased a new position in shares of Arqit Quantum in the 4th quarter valued at $166,000. Finally, BIT Capital GmbH purchased a new position in Arqit Quantum during the 4th quarter worth $207,000. 16.60% of the stock is currently owned by hedge funds and other institutional investors.

About Arqit Quantum

(Get Free Report)

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.

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