D-Wave Quantum (NYSE:QBTS) VP Sells $52,036.50 in Stock

D-Wave Quantum Inc. (NYSE:QBTS) VP Sophie Ames sold 3,070 shares of the firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $16.95, for a total value of $52,036.50. Following the sale, the vice president directly owned 589,009 shares of the company’s stock, valued at $9,983,702.55. This represents a 0.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

D-Wave Quantum Price Performance

NYSE:QBTS opened at $17.98 on Friday. The company has a market cap of $6.65 billion, a P/E ratio of -15.91 and a beta of 2.11. The firm’s fifty day moving average price is $22.78 and its two-hundred day moving average price is $20.90. D-Wave Quantum Inc. has a one year low of $12.75 and a one year high of $46.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31.

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

Hedge Funds Weigh In On D-Wave Quantum

Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG grew its holdings in shares of D-Wave Quantum by 541.6% during the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after purchasing an additional 10,205,427 shares in the last quarter. Geode Capital Management LLC increased its position in shares of D-Wave Quantum by 11.5% in the fourth quarter. Geode Capital Management LLC now owns 8,394,726 shares of the company’s stock worth $220,085,000 after purchasing an additional 866,405 shares during the period. State Street Corp raised its stake in D-Wave Quantum by 5.3% in the fourth quarter. State Street Corp now owns 7,707,085 shares of the company’s stock valued at $201,540,000 after purchasing an additional 385,809 shares in the last quarter. Marex Group plc raised its stake in D-Wave Quantum by 74.9% in the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company’s stock valued at $120,098,000 after purchasing an additional 1,966,500 shares in the last quarter. Finally, Clear Street Group Inc. lifted its position 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 period. Institutional investors own 42.47% of the company’s stock.

D-Wave Quantum News Summary

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

• Positive Sentiment: AT&T expansion strengthens the commercialization story. AT&T is expanding its use of D-Wave’s quantum-annealing technology across multiple network-operations workflows. One optimization task reportedly fell from roughly 60 minutes to 15 seconds, providing tangible evidence that D-Wave’s systems are being used for enterprise workloads rather than only research. D-Wave’s AT&T Enterprise Computing Opportunity
• Positive Sentiment: Analyst support remains strong. Rosenblatt Securities reiterated a Buy rating, while Benchmark recently initiated coverage with a Buy rating and a $30 price target. MarketBeat data shows a Moderate Buy consensus and an average target of $36.47, although these targets remain dependent on execution and future growth. Rosenblatt Buy Rating
• Positive Sentiment: Bookings and backlog are viewed as competitive advantages. Commentary ahead of second-quarter earnings highlights D-Wave’s record bookings, expanding backlog and stronger commercial traction compared with some quantum peers. Its addition to the Nasdaq Composite also improves visibility among investors. RGTI vs. QBTS
• Neutral Sentiment: Upcoming earnings are the next major catalyst. D-Wave, IonQ and Rigetti are due to report second-quarter results, which could determine whether the sector’s recent sell-off has gone too far. Investors will focus on bookings, revenue conversion, cash resources and additional enterprise contracts. Quantum Earnings and Sector Sell-Off
• Negative Sentiment: Financial performance remains weak. The latest reported quarter produced $2.86 million in revenue, down 80.9% year over year and below estimates. D-Wave also remains unprofitable, making the stock reliant on rapid commercialization and future contract growth.
• Negative Sentiment: Insider selling and sector risk weigh on sentiment. Vice President Sophie Ames sold 3,070 shares for approximately $52,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced her holdings by only 0.52%, limiting its significance, but it arrived amid a broader retreat in high-multiple, pre-profit quantum and AI stocks. QBTS Stock Price and Insider Selling

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on QBTS. Cantor Fitzgerald restated an “overweight” rating and set a $40.00 price objective on shares of D-Wave Quantum in a report on Wednesday, May 13th. Stifel Nicolaus set a $35.00 target price on D-Wave Quantum in a research note on Tuesday, June 2nd. B. Riley Financial lifted their price target on D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Roth Capital lifted their price target on D-Wave Quantum from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Canaccord Genuity Group reduced their price target on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.47.

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.