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

Arqit Quantum Inc. (NASDAQ:ARQQ) was the target of some unusual options trading activity on Monday. Stock traders bought 2,702 call options on the stock. This represents an increase of 453% compared to the typical daily volume of 489 call options.

Institutional Trading of Arqit Quantum

A number of institutional investors have recently modified their holdings of ARQQ. Veracity Capital LLC bought a new position in shares of Arqit Quantum in the fourth quarter worth $420,000. Wolverine Asset Management LLC bought a new position in Arqit Quantum in the 4th quarter valued at about $166,000. SBI Securities Co. Ltd. acquired a new position in shares of Arqit Quantum in the 4th quarter valued at approximately $937,000. Virtu Financial LLC bought a new stake in shares of Arqit Quantum during the 4th quarter worth approximately $231,000. Finally, BIT Capital GmbH acquired a new stake in shares of Arqit Quantum during the 4th quarter worth approximately $207,000. 16.60% of the stock is currently owned by institutional investors.

Arqit Quantum Trading Up 56.9 %

Shares of ARQQ stock opened at $23.54 on Tuesday. Arqit Quantum has a 1 year low of $3.72 and a 1 year high of $52.79. The stock has a 50 day simple moving average of $19.14 and a 200 day simple moving average of $15.90.

Wall Street Analyst Weigh In

Separately, HC Wainwright lifted their price objective on shares of Arqit Quantum from $27.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st.

Arqit Quantum Company Profile

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.