D-Wave Quantum (NASDAQ:QBTS) Shares Down 8% – Should You Sell?

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price was down 8% during trading on Friday. The company traded as low as $11.74 and last traded at $11.78. Approximately 17,146,693 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 26,339,146 shares. The stock had previously closed at $12.81.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: Multi-year supply-chain agreement: D-Wave and SkyWater Technology reportedly signed a multi-year manufacturing deal intended to strengthen D-Wave’s superconducting quantum-computing supply chain. The agreement could improve production visibility and support the company’s longer-term commercialization efforts. D-Wave and SkyWater manufacturing deal
• Positive Sentiment: Italy deployment: D-Wave announced that its Advantage2 annealing quantum computer arrived in Lombardy, Italy, for installation at Villa Saporiti. The system was funded by Swiss Quantum Technology SA and represents another international customer and deployment milestone. D-Wave delivers Italy’s first annealing quantum computer
• Neutral Sentiment: Valuation and sector volatility: Commentary highlighted QBTS’s sharp multiyear advance and questioned whether its valuation reflects near-term fundamentals. Quantum-computing stocks also recently rebounded after concerns about potential dilution, suggesting continued high volatility across the sector. D-Wave valuation scrutiny
• Negative Sentiment: Multiple class-action notices: Several law firms publicized a securities class action filed against D-Wave and certain executives. The lawsuit covers investors who purchased QBTS securities from February 26 through August 25, 2026, and alleges violations of federal securities laws, including claims that the company overstated its business and financial prospects. The allegations have not been proven, but the litigation creates reputational, financial and management-risk concerns. Lead-plaintiff deadlines cited in the notices are December 14 or 15, 2026. D-Wave class-action notice

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on QBTS. Wall Street Zen upgraded D-Wave Quantum from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Zacks Research cut D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Canaccord Genuity Group set a $35.00 price objective on D-Wave Quantum in a report on Thursday, August 6th. Rosenblatt Securities restated a “buy” rating and set a $43.00 price objective on shares of D-Wave Quantum in a report on Friday, August 7th. Finally, BMO Capital Markets began coverage on D-Wave Quantum in a research report on Thursday, August 20th. They set an “outperform” rating and a $35.00 target price on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.27.

D-Wave Quantum Price Performance

The stock has a market capitalization of $4.36 billion, a P/E ratio of -16.59 and a beta of 2.18. The business’s 50 day simple moving average is $17.08 and its two-hundred day simple moving average is $19.65. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NASDAQ:QBTS) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The business had revenue of $3.08 million for the quarter, compared to analyst estimates of $4.03 million. D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The firm’s quarterly revenue was down 0.6 compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) earnings per share. As a group, sell-side analysts forecast that D-Wave Quantum Inc. will post -0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Sophie Ames sold 3,070 shares of the firm’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $16.95, for a total value of $52,036.50. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

Institutional Trading of D-Wave Quantum

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Adirondack Trust Co. raised its stake in shares of D-Wave Quantum by 267.3% in the third quarter. Adirondack Trust Co. now owns 1,649 shares of the company’s stock worth $27,000 after purchasing an additional 1,200 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in shares of D-Wave Quantum by 60.8% in the third quarter. Focus Financial Network Inc. now owns 29,606 shares of the company’s stock valued at $491,000 after purchasing an additional 11,198 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its holdings in shares of D-Wave Quantum by 9.3% in the third quarter. Capital Advisors Wealth Management LLC now owns 22,216 shares of the company’s stock valued at $368,000 after purchasing an additional 1,890 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of D-Wave Quantum by 21.7% during the third quarter. GAMMA Investing LLC now owns 3,922 shares of the company’s stock valued at $65,000 after buying an additional 698 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of D-Wave Quantum by 27.9% during the third quarter. Farther Finance Advisors LLC now owns 29,450 shares of the company’s stock valued at $488,000 after buying an additional 6,426 shares during the last quarter. 42.47% of the stock is owned by institutional investors.

D-Wave Quantum Company Profile

D-Wave Quantum Inc is a quantum-computing company that develops and delivers quantum systems, software and cloud-based services for commercial, government and research customers. The company focuses on quantum annealing, an approach designed to address complex optimization problems, and is also developing gate-model quantum-computing capabilities.

Its offerings include D-Wave quantum computers, the Leap quantum cloud service, and the Ocean software development kit. Through these products, customers can access quantum hardware, build and test applications, and combine quantum processing with classical computing through hybrid solvers.