D-Wave Quantum (NASDAQ:QBTS) Director John Dilullo Sells 1,100 Shares of Stock

September 10, 2026 by InsiderTrades.com

Key Points

Director John Dilullo sold 1,100 D-Wave Quantum shares for $19,800 at an average price of $18.00, reducing his holdings by 5.16% to 20,210 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
D-Wave’s latest quarterly results fell short of expectations, with an adjusted loss of $0.10 per share versus the $0.08 expected and revenue of $3.08 million versus estimates of $4.03 million. The company remains unprofitable, with analysts forecasting a full-year loss of $0.46 per share.
Institutional ownership has increased, with major investors including BlackRock, UBS and California State Teachers Retirement System building positions; institutions now own 42.47% of the stock. Analysts maintain a “Moderate Buy” consensus with an average price target of $36.27.

D-Wave Quantum Inc. (NASDAQ:QBTS - Get Free Report) Director John Dilullo sold 1,100 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $18.00, for a total value of $19,800.00. Following the completion of the sale, the director directly owned 20,210 shares in the company, valued at approximately $363,780. The trade was a 5.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

D-Wave Quantum Price Performance

Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle

Shares of NASDAQ:QBTS opened at $17.12 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55. The business's fifty day moving average price is $18.92 and its two-hundred day moving average price is $20.02. The stock has a market cap of $6.33 billion, a PE ratio of -24.11 and a beta of 2.15. D-Wave Quantum Inc. has a one year low of $12.75 and a one year high of $46.75.

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

Institutional Trading of D-Wave Quantum

3 Lesser-Known Quantum Plays the Market May Be Overlooking Right Now

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of D-Wave Quantum in the 2nd quarter worth about $795,206,000. 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 during the period. California State Teachers Retirement System grew its holdings in shares of D-Wave Quantum by 2,336.6% during the 2nd quarter. California State Teachers Retirement System now owns 9,922,576 shares of the company's stock worth $238,043,000 after purchasing an additional 9,515,341 shares during the period. Bank of America Corp DE acquired a new stake in D-Wave Quantum during the 2nd quarter worth approximately $104,183,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in D-Wave Quantum by 136,842.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company's stock worth $83,546,000 after purchasing an additional 3,192,533 shares in the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting D-Wave Quantum

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

Positive Sentiment: D-Wave finalized an agreement with the U.S. Department of Commerce for up to $100 million under the CHIPS and Science Act. The funding and resulting federal minority stake should strengthen D-Wave’s cash runway and support domestic quantum-computing development. D-Wave Quantum Finalizes Up To $100 Mln U.S. Funding Agreement; Shares Rise
Positive Sentiment: The company issued 7,095,721 shares to the U.S. government as part of the agreement. Although the issuance creates dilution, the transaction provides capital without relying solely on a conventional equity offering and signals strategic federal backing for D-Wave’s technology. D-Wave Issues 7.1M QBTS Shares to U.S. Government Under $100M CHIPS Deal
Neutral Sentiment: Director John DiLullo sold 1,100 shares worth $19,800 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 5.16%, but the preset trading plan makes it a limited signal about management’s current outlook. John DiLullo Insider Trading
Negative Sentiment: Quantum stocks broadly pulled back as expectations for another Federal Reserve rate move increased. Higher rates typically pressure speculative, high-beta companies such as D-Wave by reducing the value investors assign to distant future growth. Quantum Stocks Fall as Rate-Hike Odds Climb
Negative Sentiment: Recent analysis continues to highlight D-Wave’s substantial losses, weak revenue conversion, and elevated valuation despite stronger bookings and adoption. These concerns remain significant because the company is not yet profitable and its latest reported revenue missed analyst expectations. Rising Risks Overshadow D-Wave Quantum Booking
Negative Sentiment: A law firm is investigating potential claims on behalf of D-Wave investors, adding another layer of headline and litigation risk, although no wrongdoing has been established. Pomerantz Investor Alert

Analysts Set New Price Targets

Will the Most Successful Quantum Firms Be Software Companies?

QBTS has been the subject of several analyst reports. Wedbush began coverage on shares of D-Wave Quantum in a research note on Monday, August 3rd. They issued an "outperform" rating and a $40.00 target price for the company. Wall Street Zen raised shares of D-Wave Quantum from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of D-Wave Quantum from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, August 28th. Benchmark initiated coverage on shares of D-Wave Quantum in a research report on Monday, July 27th. They issued a "buy" rating and a $30.00 price objective for the company. Finally, BMO Capital Markets assumed coverage on shares of D-Wave Quantum in a research note on Thursday, August 20th. They set an "outperform" rating and a $35.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.27.

Read Our Latest Stock Report on QBTS

About D-Wave Quantum

(Get Free Report)

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.