D-Wave Quantum (NYSE:QBTS) Stock Price Down 8.3% After Insider Selling

D-Wave Quantum Inc. (NYSE:QBTS) shares traded down 8.3% on Wednesday following insider selling activity. The company traded as low as $16.07 and last traded at $16.18. 19,981,979 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 30,318,273 shares. The stock had previously closed at $17.64.

Specifically, VP Sophie C. Ames sold 3,070 shares of D-Wave Quantum stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $16.95, for a total value of $52,036.50. Following the completion of the sale, the vice president owned 589,009 shares of the company’s stock, valued at approximately $9,983,702.55. This trade represents a 0.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

Several equities research analysts have commented on QBTS shares. Benchmark assumed coverage on shares of D-Wave Quantum in a report on Monday. They set a “buy” rating and a $30.00 price objective on the stock. Roth Capital lifted their target price on shares of D-Wave Quantum from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. B. Riley Financial boosted their price target on shares of D-Wave Quantum from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Mizuho upped their price target on shares of D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.47.

D-Wave Quantum News Roundup

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: AT&T expanded its partnership with D-Wave. AT&T plans to use D-Wave’s quantum-annealing technology more broadly for network operations. A highlighted test reduced a network-optimization task from about 60 minutes to 15 seconds, or a 240-fold improvement, strengthening evidence that D-Wave’s systems are being applied to real-world enterprise problems. D-Wave Expands AT&T Partnership
• Positive Sentiment: Analyst sentiment improved. Benchmark upgraded D-Wave to “strong buy,” while Rosenblatt reaffirmed its Buy rating and maintained a $43 price target. Analysts also point to record bookings, an expanding backlog and stronger commercial traction as advantages ahead of second-quarter earnings. D-Wave Versus Rigetti Ahead of Earnings
• Neutral Sentiment: Investors are awaiting the next earnings report. The reported bookings and backlog could support future revenue, but the upcoming quarter will be important in determining whether D-Wave is converting commercial interest into sustained financial growth.
• Negative Sentiment: Sector-wide selling is the main near-term drag. Quantum stocks have fallen sharply over the past month as investors pulled capital from expensive, often unprofitable technology companies. Concerns about AI-infrastructure spending, along with profit-taking after the AT&T-driven rally, have pressured QBTS and its peers. Quantum Computing Stock Selloff
• Negative Sentiment: Profitability and valuation remain risks. D-Wave’s latest reported revenue was well below estimates and declined sharply year over year, while the company remains unprofitable. A vice president also sold 3,070 shares under a pre-arranged Rule 10b5-1 plan, a relatively small transaction but an additional cautionary signal. D-Wave Insider Sale

D-Wave Quantum Price Performance

The business has a fifty day moving average of $22.99 and a 200-day moving average of $21.07. The firm has a market cap of $5.99 billion, a PE ratio of -14.32 and a beta of 2.11. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NYSE:QBTS) last posted its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $2.86 million during the quarter, compared to analyst estimates of $4.19 million. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The company’s quarterly revenue was down 80.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) EPS. As a group, research analysts predict that D-Wave Quantum Inc. will post -0.42 earnings per share for the current year.

Hedge Funds Weigh In On D-Wave Quantum

A number of large investors have recently modified their holdings of QBTS. Massachusetts Financial Services Co. MA bought a new position in D-Wave Quantum in the fourth quarter valued at $1,114,000. World Investment Advisors raised its position in D-Wave Quantum by 195.7% during the fourth quarter. World Investment Advisors now owns 41,691 shares of the company’s stock valued at $1,090,000 after purchasing an additional 27,592 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in D-Wave Quantum by 319.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock worth $1,353,000 after purchasing an additional 75,198 shares during the last quarter. Clear Street Group Inc. lifted its stake in D-Wave Quantum by 40.4% during the fourth quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company’s stock worth $111,955,000 after purchasing an additional 1,232,106 shares during the last quarter. Finally, Cibc World Market Inc. boosted its holdings in shares of D-Wave Quantum by 295.0% in the 4th quarter. Cibc World Market Inc. now owns 54,760 shares of the company’s stock worth $1,432,000 after purchasing an additional 40,897 shares in the last quarter. 42.47% of the stock is currently owned by institutional investors.

About D-Wave Quantum

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.