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Michael Turmelle, a director at Quantum Computing Inc. (NASDAQ:QUBT), recently executed a significant stock sale, according to an SEC filing. On June 9, Turmelle sold 200,986 shares of common stock at a price of $14.18 per share, totaling approximately $2.85 million. The stock, which has shown significant volatility with a beta of 3.85, has since risen to $18.96, delivering a remarkable 196% return over the past six months. InvestingPro data reveals 17 additional key insights about QUBT’s performance and outlook.
Prior to this sale, on June 3, Turmelle acquired 200,986 shares through the exercise of stock options, with a total value of $478,744, at prices ranging from $2.37 to $2.40 per share. Following these transactions, Turmelle no longer holds any directly owned shares, although he retains options to purchase an additional 400,000 shares. The company, now valued at $2.7 billion, maintains strong liquidity with a current ratio of 44.69. Get the complete financial analysis with a detailed InvestingPro Research Report.
In other recent news, Quantum Computing Inc. reported a surprising earnings performance for Q1 2025, with an earnings per share (EPS) of 11 cents, significantly outperforming the forecasted loss of 5 cents. Despite this, the company’s revenue fell short of expectations, reaching only $39,000 compared to the projected $300,000. The company also announced its inclusion in the Russell 3000 and Russell 2000 indexes, which is expected to enhance its visibility among institutional investors. Quantum Computing Inc. raised $93.6 million through stock offerings in the first quarter, bolstering its cash and cash equivalents to $166.4 million. The company’s total assets grew to $242.5 million, up from $153.6 million at the end of 2024. Additionally, Quantum Computing Inc. has been expanding its strategic collaborations, including a partnership with the Sandoz (SIX:SDZ) Ture Institutional Therapeutics Discovery (NASDAQ:WBD) Institute. The firm is also planning to expand its operations with a second fabrication facility to meet the growing demand for its quantum computing applications. Analyst feedback from firms like Ascenient Capital suggests a positive outlook, with expectations of accelerated growth in 2026.
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