Foundations Investment Advisors LLC Purchases 60,050 Shares of D-Wave Quantum Inc. $QBTS

Foundations Investment Advisors LLC raised its position in shares of D-Wave Quantum Inc. (NYSE:QBTS) by 14.6% in the fourth quarter, HoldingsChannel reports. The fund owned 471,032 shares of the company’s stock after acquiring an additional 60,050 shares during the period. Foundations Investment Advisors LLC’s holdings in D-Wave Quantum were worth $12,317,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of D-Wave Quantum by 267.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after acquiring an additional 838 shares during the period. Ancora Advisors LLC acquired a new stake in shares of D-Wave Quantum in the third quarter valued at approximately $30,000. Valley National Advisers Inc. raised its position in shares of D-Wave Quantum by 222.2% in the fourth quarter. Valley National Advisers Inc. now owns 1,595 shares of the company’s stock valued at $41,000 after buying an additional 1,100 shares in the last quarter. Kelleher Financial Advisors acquired a new stake in shares of D-Wave Quantum in the third quarter valued at approximately $40,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of D-Wave Quantum in the fourth quarter valued at approximately $47,000. Institutional investors own 42.47% of the company’s stock.

Insider Activity

In other D-Wave Quantum news, Director John D. Dilullo sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $18.01, for a total transaction of $144,080.00. Following the completion of the transaction, the director directly owned 19,803 shares in the company, valued at $356,652.03. The trade was a 28.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John M. Markovich sold 328,752 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $27.70, for a total transaction of $9,106,430.40. Following the transaction, the chief financial officer owned 1,442,820 shares of the company’s stock, valued at approximately $39,966,114. This represents a 18.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 383,553 shares of company stock valued at $10,118,016 in the last three months. Company insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on QBTS. Northland Securities began coverage on shares of D-Wave Quantum in a research report on Monday, April 20th. They issued a “market perform” rating and a $22.00 price target for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $40.00 price target on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. Fourteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.67.

D-Wave Quantum Stock Up 7.4%

Shares of QBTS opened at $29.52 on Friday. D-Wave Quantum Inc. has a one year low of $12.75 and a one year high of $46.75. The company has a market cap of $10.92 billion, a P/E ratio of -26.13 and a beta of 1.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31. The firm has a 50 day simple moving average of $19.27 and a two-hundred day simple moving average of $22.10.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The business had revenue of $2.86 million during the quarter, compared to the consensus estimate of $4.19 million. During the same period in the previous year, the business earned ($0.02) earnings per share. The company’s revenue was down 80.9% on a year-over-year basis. Research analysts forecast that D-Wave Quantum Inc. will post -0.44 EPS for the current fiscal year.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: Industry coverage continues to highlight quantum computing’s move toward commercial adoption, with some analysts arguing QBTS could have more upside than peers thanks to rising bookings and enterprise demand. Article Title
• Positive Sentiment: Broader news around the quantum sector suggests the market is treating commercial progress as a real catalyst, which supports investor optimism for D-Wave Quantum’s growth story. Article Title
• Neutral Sentiment: IBM’s new $10 billion quantum funding plan adds more attention to the sector overall, but it is not a direct catalyst for QBTS. It does reinforce that large tech companies are still investing heavily in quantum computing. Article Title
• Negative Sentiment: D-Wave Quantum CFO John Markovich sold 328,752 shares, trimming his position by about 18.6%. Insider selling can weigh on sentiment, especially when investors are already sensitive to valuation and profitability concerns. Article Title
• Negative Sentiment: Several reports say shares fell after a classical-computing study questioned D-Wave’s quantum advantage claims, raising doubts about one of the company’s key technology narratives. Article Title

D-Wave Quantum Profile

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.