Capital Advisory Group Advisory Services LLC Buys New Position in D-Wave Quantum Inc. (NYSE:QBTS)

Capital Advisory Group Advisory Services LLC bought a new stake in shares of D-Wave Quantum Inc. (NYSE:QBTS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,031 shares of the company’s stock, valued at approximately $151,000.

Several other institutional investors have also added to or reduced their stakes in QBTS. SG Americas Securities LLC bought a new stake in shares of D-Wave Quantum during the third quarter valued at approximately $42,000. Bogart Wealth LLC purchased a new position in D-Wave Quantum during the third quarter valued at $49,000. Kingsview Wealth Management LLC bought a new stake in D-Wave Quantum in the 4th quarter valued at $84,000. Spire Wealth Management purchased a new stake in D-Wave Quantum in the 4th quarter worth $90,000. Finally, Vontobel Holding Ltd. bought a new position in shares of D-Wave Quantum during the 4th quarter valued at about $105,000. 42.47% of the stock is currently owned by institutional investors.

D-Wave Quantum Price Performance

Shares of NYSE:QBTS opened at $7.42 on Friday. The firm has a 50 day moving average of $6.77 and a 200 day moving average of $3.30. D-Wave Quantum Inc. has a 52 week low of $0.75 and a 52 week high of $11.41.

Insider Activity at D-Wave Quantum

In other D-Wave Quantum news, CEO Alan E. Baratz sold 8,372 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $5.27, for a total value of $44,120.44. Following the completion of the sale, the chief executive officer now directly owns 2,342,208 shares in the company, valued at approximately $12,343,436.16. This trade represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Sector Pension Investme Public sold 1,000,000 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $6.68, for a total value of $6,680,000.00. The disclosure for this sale can be found here. Insiders sold 20,152,665 shares of company stock valued at $92,096,075 over the last 90 days. Insiders own 7.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on QBTS shares. Needham & Company LLC reiterated a “buy” rating and set a $2.25 target price on shares of D-Wave Quantum in a research report on Friday, November 15th. Benchmark restated a “buy” rating and issued a $8.00 target price on shares of D-Wave Quantum in a report on Tuesday, January 14th. B. Riley increased their price target on shares of D-Wave Quantum from $9.00 to $11.00 and gave the company a “buy” rating in a report on Friday, February 14th. Roth Mkm boosted their price objective on D-Wave Quantum from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Craig Hallum lifted their target price on D-Wave Quantum from $2.50 to $9.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, D-Wave Quantum has an average rating of “Buy” and an average price target of $6.71.

D-Wave Quantum Company Profile

D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.