D-Wave Quantum (NYSE:QBTS) Shares Down 5.1% – Time to Sell?

D-Wave Quantum Inc. (NYSE:QBTS)’s stock price dropped 5.1% on Friday . The stock traded as low as $16.18 and last traded at $16.2340. Approximately 13,478,829 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 30,292,818 shares. The stock had previously closed at $17.10.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave will ring the Nasdaq Opening Bell on July 27, marking its listing debut on the exchange and giving the company a visibility boost that could help sentiment around the name. D-Wave to Ring the Nasdaq Opening Bell on July 27, 2026 to Mark Its Listing Debut on the Nasdaq
• Positive Sentiment: Recent analyst coverage has turned more constructive, with one bullish view suggesting QBTS could be materially undervalued after its sharp pullback and noting improved earnings expectations. D-Wave Quantum (QBTS) Could Be 56% Undervalued On A More Bullish Analyst View

Analysts Set New Price Targets

Several brokerages have commented on QBTS. Weiss Ratings upgraded shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday, May 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 target price on shares of D-Wave Quantum in a report on Wednesday, May 13th. 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 report on Monday, June 15th. Finally, B. Riley Financial increased their price target on D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, D-Wave Quantum has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.

D-Wave Quantum Price Performance

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 stock has a fifty day simple moving average of $23.00 and a 200-day simple moving average of $21.30. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of -14.37 and a beta of 2.11.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $2.86 million for 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%. The business’s revenue was down 80.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) EPS. On average, equities research analysts anticipate that D-Wave Quantum Inc. will post -0.42 EPS for the current year.

Insider Activity

In other D-Wave Quantum news, Director John D. Dilullo sold 7,850 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $24.43, for a total value of $191,775.50. Following the completion of the transaction, the director owned 21,310 shares in the company, valued at approximately $520,603.30. This represents a 26.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Alan E. Baratz sold 687,627 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $26.13, for a total transaction of $17,967,693.51. Following the completion of the transaction, the chief executive officer owned 3,299,771 shares of the company’s stock, valued at approximately $86,223,016.23. This trade represents a 17.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,360,772 shares of company stock valued at $35,737,111 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On D-Wave Quantum

A number of large investors have recently bought and sold shares of the business. Handelsbanken Fonder AB boosted its position in D-Wave Quantum by 23.6% during the second quarter. Handelsbanken Fonder AB now owns 133,200 shares of the company’s stock worth $3,195,000 after purchasing an additional 25,400 shares in the last quarter. Bay Rivers Group increased its position in shares of D-Wave Quantum by 62.2% in the second quarter. Bay Rivers Group now owns 17,357 shares of the company’s stock valued at $416,000 after buying an additional 6,657 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of D-Wave Quantum by 428.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,850 shares of the company’s stock valued at $44,000 after buying an additional 1,500 shares in the last quarter. Castle Rock Wealth Management LLC acquired a new position in shares of D-Wave Quantum during the 2nd quarter worth approximately $213,000. Finally, Evanson Financial LLC acquired a new position in shares of D-Wave Quantum during the 2nd quarter worth approximately $214,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

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.