Yuping Huang, the chief quantum officer and a director at Quantum Computing (QUBT), recently sold 200,000 shares of the company. The shares were sold at an average price of $8.482 each, amounting to a total transaction value of nearly $1.7 million.
Despite this sale, Dr. Huang still holds over 24 million shares, including those acquired through the merger with QPhoton, Inc. in 2022 and shares issuable upon the exercise of vested options.
Investors may benefit from keeping an eye on transactions made by key insiders, as these transactions typically reflect their confidence in the company’s prospects. Interestingly, TipRanks offers daily insider transactions as well as a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
QUBT Stocks Delivers Strong Performance
It must be noted that Quantum Computing stock has surged by over 1,184% in the past six months. While the company reported weak revenues and earnings in the fourth quarter, its gross margin improved to 55% from 13% a year ago, reflecting better cost management.
Also, Quantum Computing remains well poised for growth. It recently developed the DIRAC3 Quantum Optimization Machine and is making progress on its photonic chip foundry, with the first chips expected by Q2 2025. The company has also expanded its partnership with NASA, securing several contracts for quantum solutions.
Is QUBT a Good Stock to Buy?
According to TipRanks’ easy-to-read technical summary signals, QUBT stock is a Buy on the one-day time frame. This is based on 14 Bullish, five Neutral, and three Bearish signals.
