Nitesh Sharan, Chief Financial Officer at Quantinuum Inc. (QNT), bought 340,846 shares at $60.00 ($390K) on 2026-06-05, disclosed to the SEC on 2026-06-08.
CFO Nitesh Sharan purchased 6,500 shares at $60.00 on June 5, signaling confidence in the quantum computing firm. This purchase coincides with the stock recently closing below its IPO offer price of $60.
The stock opened at $68 on its debut but has since retreated, closing down 6.8% at $55.70 on June 5. The current price of $60.00 is essentially at the IPO offer price, representing a pullback from the initial pop to $68.
The stock's recent volatility following the June 4 IPO debut presents a potential entry point for value investors. Jim Cramer's June 8 note highlighting the company's unprofitability may drive short-term volatility.
Jim Cramer's June 8 note warns that the company is 'very unprofitable,' posing a fundamental risk to the stock's valuation.
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $0.00 | 289,798 | $0 | 0.0% |
| 2 | $0.00 | 44,548 | $0 | 0.0% |
| 3 | $60.00 | 6,500 | $390K | 100.0% |
| Total | $1.14 avg | 340,846 | $390K | 100% |
| Filing → |
| SOUN | SELL | 2025-10-16 | $1.9M | — | Filing → |
| SOUN | SELL | 2025-09-24 | $2.6M | — | Filing → |
| SOUN | SELL | 2025-06-24 | $2.1M | — | Filing → |