Arqit QuantumARQQ
Market Cap: $48.3M
About: Arqit Quantum Inc is a cybersecurity company that has pioneered a symmetric key agreement technology which makes the communications links of any networked device or data at rest secure against current and future forms of cyber attack - even an attack from a quantum computer. Arqit delivers its symmetric key agreement technology via its QuantumCloud. Its product, QuantumCloud, enables any device to download a lightweight software agent, which can create keys in partnership with any other device. The firm operates in one segment that is, the provision of cybersecurity services via satellite and terrestrial platforms. Key revenue comes from the UK.
Employees: 147
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
2.93% less ownership
Funds ownership: 4.54% [Q1] → 1.61% (-2.93%) [Q2]
11% less funds holding
Funds holding: 28 [Q1] → 25 (-3) [Q2]
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
87% less capital invested
Capital invested by funds: $6.96M [Q1] → $926K (-$6.03M) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
HC Wainwright & Co. Scott Buck 24% 1-year accuracy 22 / 91 met price target | 597%upside $2 | Buy Reiterated | 11 Jul 2024 |