Erste Asset Management GmbH Invests $15.22 Million in D-Wave Quantum Inc. $QBTS

Erste Asset Management GmbH purchased a new position in D-Wave Quantum Inc. (NYSE:QBTS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 601,350 shares of the company’s stock, valued at approximately $15,219,000. Erste Asset Management GmbH owned approximately 0.18% of D-Wave Quantum at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of QBTS. Vanguard Group Inc. grew its holdings in D-Wave Quantum by 41.2% in the third quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock worth $950,220,000 after purchasing an additional 11,218,255 shares during the period. State Street Corp boosted its position in shares of D-Wave Quantum by 41.3% in the 2nd quarter. State Street Corp now owns 6,648,395 shares of the company’s stock worth $97,333,000 after purchasing an additional 1,941,762 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of D-Wave Quantum by 41.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,411,558 shares of the company’s stock worth $93,877,000 after buying an additional 1,883,109 shares during the last quarter. Marex Group plc bought a new position in D-Wave Quantum during the 2nd quarter valued at approximately $80,070,000. Finally, UNICOM Systems Inc. raised its stake in D-Wave Quantum by 12.1% during the third quarter. UNICOM Systems Inc. now owns 3,121,346 shares of the company’s stock valued at $77,128,000 after buying an additional 337,838 shares during the last quarter. Institutional investors own 42.47% of the company’s stock.

Insiders Place Their Bets

In other D-Wave Quantum news, Director Kirstjen Nielsen sold 7,000 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $22.62, for a total transaction of $158,340.00. Following the completion of the sale, the director directly owned 112,673 shares in the company, valued at approximately $2,548,663.26. The trade was a 5.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John D. Dilullo sold 8,000 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $27.36, for a total value of $218,880.00. Following the completion of the transaction, the director owned 27,803 shares in the company, valued at approximately $760,690.08. This trade represents a 22.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,074,466 shares of company stock worth $31,558,806 in the last 90 days. Insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

QBTS has been the topic of several analyst reports. Williams Trading set a $35.00 target price on D-Wave Quantum in a report on Monday, November 10th. Benchmark reiterated a “buy” rating and issued a $35.00 price target on shares of D-Wave Quantum in a research note on Friday, January 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of D-Wave Quantum in a research report on Monday, December 29th. Needham & Company LLC decreased their target price on shares of D-Wave Quantum from $48.00 to $40.00 and set a “buy” rating for the company in a report on Thursday. Finally, Jefferies Financial Group started coverage on shares of D-Wave Quantum in a research note on Tuesday, December 16th. They issued a “buy” rating and a $45.00 target price on the stock. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, D-Wave Quantum presently has an average rating of “Moderate Buy” and a consensus price target of $36.50.

D-Wave Quantum Price Performance

QBTS opened at $18.73 on Friday. The company’s 50-day simple moving average is $24.24 and its two-hundred day simple moving average is $24.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 54.49 and a current ratio of 54.68. The stock has a market capitalization of $6.93 billion, a P/E ratio of -17.03 and a beta of 1.56. D-Wave Quantum Inc. has a 52-week low of $4.45 and a 52-week high of $46.75.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). The company had revenue of $2.75 million during the quarter, compared to the consensus estimate of $3.74 million. D-Wave Quantum had a negative return on equity of 67.75% and a negative net margin of 1,444.10%.The company’s revenue was up 21.7% compared to the same quarter last year. As a group, analysts predict that D-Wave Quantum Inc. will post -0.41 EPS for the current year.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: Material bookings and enterprise traction — Management reported Q4 bookings of $13.4M (big sequential jump) and said January bookings topped $30M; the company also disclosed large Advantage2 system sales and institutional contracts that underpin future revenue upside. MarketBeat: Despite a Double Miss
• Positive Sentiment: Strong cash runway following the Quantum Circuits acquisition — D-Wave finished the period with roughly $885M in cash & marketable securities even after the acquisition and cash outlays, which reduces near-term financing risk while the company invests in R&D and go-to-market. MarketBeat: Cash Position
• Neutral Sentiment: Full earnings materials and call transcripts are available for investors who want details on bookings composition, margin outlook and integration plans; the call provides color but no immediate catalytic guidance. Earnings Call Transcript
• Neutral Sentiment: Analysts remain largely constructive but are resetting targets — several firms kept buy/outperform ratings while trimming targets, leaving consensus upside but lowering near-term sentiment. Benzinga: Analyst Coverage
• Negative Sentiment: Double miss on the quarter — reported EPS missed estimates (wider loss than expected) and revenue of $2.75M came in below consensus, highlighting that current monetization remains small and lumpy. Zacks: Q4 Earnings Miss
• Negative Sentiment: Post-earnings price-target cuts and investor rotation pressured the rally — several firms trimmed targets (examples: Needham, Mizuho, Roth) and media noted an initial pop that faded as analysts lowered targets and investors weighed long-term promise versus weak near-term results. The Motley Fool: Reaction

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.