Key Points
- CFO John Markovich sold 100,000 shares on Dec. 3 at an average price of $25.05 for $2.505M, reducing his position by 6.32% to 1,482,874 shares (≈$37.15M).
- D-Wave reported Q results with revenue of $3.74M (+105.6% YoY) and EPS of ($0.05) which beat estimates by $0.02, but the company still shows a very negative net margin and return on equity.
- Stocks and sentiment: market cap ~$9.44B, 12‑month range $3.71–$46.75, 50/200‑day SMAs $29.60/$21.67, and analysts hold a Moderate Buy consensus with a $29.85 target (12 Buys, 1 Hold, 1 Sell).
D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report) Director Kirstjen Nielsen sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $22.62, for a total value of $158,340.00. Following the completion of the sale, the director owned 112,673 shares of the company's stock, valued at $2,548,663.26. The trade was a 5.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
D-Wave Quantum Stock Down 6.1%
Shares of D-Wave Quantum stock opened at $26.97 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 54.49 and a current ratio of 54.68. D-Wave Quantum Inc. has a 52-week low of $3.71 and a 52-week high of $46.75. The company's 50 day moving average price is $29.60 and its 200-day moving average price is $21.67. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of -19.98 and a beta of 1.57.
D-Wave Quantum (NYSE:QBTS - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The company had revenue of $3.74 million during the quarter, compared to analyst estimates of $3.03 million. D-Wave Quantum had a negative net margin of 1,651.81% and a negative return on equity of 97.58%. D-Wave Quantum's quarterly revenue was up 105.6% compared to the same quarter last year. Equities research analysts forecast that D-Wave Quantum Inc. will post -0.41 EPS for the current year.
Institutional Trading of D-Wave Quantum
Hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc lifted its stake in shares of D-Wave Quantum by 123.8% during the 2nd quarter. IFP Advisors Inc now owns 14,814 shares of the company's stock valued at $217,000 after buying an additional 8,194 shares in the last quarter. World Investment Advisors bought a new stake in D-Wave Quantum during the second quarter valued at about $190,000. Farther Finance Advisors LLC raised its holdings in D-Wave Quantum by 491.3% during the second quarter. Farther Finance Advisors LLC now owns 16,321 shares of the company's stock valued at $239,000 after acquiring an additional 13,561 shares during the period. SG Americas Securities LLC purchased a new position in shares of D-Wave Quantum in the second quarter valued at about $14,349,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of D-Wave Quantum in the second quarter worth about $217,000. 42.47% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Rosenblatt Securities increased their price objective on D-Wave Quantum from $30.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, November 7th. Piper Sandler lifted their price target on shares of D-Wave Quantum from $13.00 to $22.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Roth Capital set a $40.00 target price on shares of D-Wave Quantum in a research report on Thursday, November 6th. Wall Street Zen upgraded shares of D-Wave Quantum from a "sell" rating to a "hold" rating in a research report on Saturday, November 8th. Finally, Cantor Fitzgerald raised their price objective on shares of D-Wave Quantum from $20.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, November 7th. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.85.
Read Our Latest Stock Analysis on QBTS
D-Wave Quantum Company Profile
(
Get Free Report)
D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.
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