Key Points
- CFO John Markovich sold 100,000 shares on Dec. 22 at an average of $30.03 for roughly $3.0M, trimming his stake by 6.36% to 1,471,312 shares; the CEO also sold 793,712 shares the same day, representing a much larger (~23%) reduction.
- Stock and fundamentals: QBTS trades near $29 with a $10.18B market cap and a 12‑month range of $3.74–$46.75; revenue grew 105.6% year‑over‑year but the company remains unprofitable with very negative margins and ROE.
- Analyst sentiment is broadly positive: multiple firms have initiated coverage or raised targets (e.g., Jefferies $45, Cantor Fitzgerald $40), and the consensus rating is a "Moderate Buy" with an average target of $33.67.
D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report) CFO John Markovich sold 100,000 shares of the firm's stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $30.03, for a total value of $3,003,000.00. Following the completion of the sale, the chief financial officer owned 1,471,312 shares of the company's stock, valued at approximately $44,183,499.36. This trade represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
D-Wave Quantum Stock Performance
D-Wave Quantum stock opened at $29.08 on Wednesday. The stock has a 50-day simple moving average of $28.19 and a 200 day simple moving average of $22.53. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of -21.54 and a beta of 1.57. The company has a quick ratio of 54.49, a current ratio of 54.68 and a debt-to-equity ratio of 0.05. D-Wave Quantum Inc. has a 12-month low of $3.74 and a 12-month high of $46.75.
D-Wave Quantum (NYSE:QBTS - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. D-Wave Quantum had a negative net margin of 1,651.81% and a negative return on equity of 97.58%. The firm had revenue of $3.74 million during the quarter, compared to analysts' expectations of $3.03 million. The business's revenue was up 105.6% compared to the same quarter last year. On average, research analysts anticipate that D-Wave Quantum Inc. will post -0.41 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on QBTS shares. Cantor Fitzgerald lifted their target price on D-Wave Quantum from $20.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, November 7th. Jefferies Financial Group started coverage on D-Wave Quantum in a report on Tuesday, December 16th. They issued a "buy" rating and a $45.00 price target on the stock. Wedbush assumed coverage on D-Wave Quantum in a report on Wednesday, December 17th. They set an "outperform" rating and a $35.00 price objective for the company. Williams Trading set a $35.00 target price on shares of D-Wave Quantum in a research note on Monday, November 10th. Finally, Benchmark raised their price target on D-Wave Quantum from $20.00 to $35.00 and gave the stock a "buy" rating in a research report on Monday, November 10th. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $33.67.
View Our Latest Analysis on D-Wave Quantum
More D-Wave Quantum News
Here are the key news stories impacting D-Wave Quantum this week:
- Positive Sentiment: D-Wave announced it will bring commercial quantum demonstrations to CES 2026, showcasing award-winning tech and customer success stories — a visible commercialization push that can help drive enterprise interest and media attention. D-Wave to Bring Commercial Quantum Computing to CES 2026
- Positive Sentiment: Multiple outlets and analysts are bullish on D-Wave heading into 2026 (Wall Street initiations, MarketBeat coverage), highlighting strong revenue growth trends from a low base and analyst buy ratings that support further upside expectations. Why 2026 Could Be the Year D-Wave Breaks Out
- Positive Sentiment: Retail-driven year-end buying and media coverage (Tokenist, Benzinga) have helped drive a Santa-rally in quantum stocks, amplifying short-term demand for QBTS. D-Wave, Rigetti, IonQ Stocks Climb In Retail-Fueled Santa Rally
- Neutral Sentiment: Sector momentum tied to broader AI/semiconductor moves (e.g., reports about Nvidia shipping to China) has spilled into quantum names; this correlation can boost sentiment but is not a direct business catalyst for D-Wave. Nvidia reportedly ready to ship to China, D-Wave stock surges
- Negative Sentiment: CEO Alan E. Baratz sold 793,712 shares on Dec. 22 (about a 23% reduction of his holdings), a large insider sale that can be perceived as a signal to the market and adds selling pressure. CEO Form 4 SEC Filing — Alan E. Baratz
- Negative Sentiment: CFO John M. Markovich also sold 100,000 shares on Dec. 22, another meaningful insider sale disclosed to the SEC that can reinforce investor concerns about insider timing. CFO Form 4 SEC Filing — John M. Markovich
- Negative Sentiment: Analyst and media notes flag stretched valuation after a multi‑fold rally; pieces evaluating what the current price may already price in raise caution about upside vs. execution risk. That valuation debate can trigger profit-taking. D-Wave Quantum (QBTS): Evaluating an Extended 2024 Rally and What Its Current Valuation May Be Pricing In
Institutional Investors Weigh In On D-Wave Quantum
Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of D-Wave Quantum by 69.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 544,956 shares of the company's stock valued at $4,142,000 after buying an additional 223,672 shares during the period. Invesco Ltd. lifted its holdings in D-Wave Quantum by 123.2% during the first quarter. Invesco Ltd. now owns 95,121 shares of the company's stock worth $723,000 after acquiring an additional 52,502 shares in the last quarter. Nuveen LLC acquired a new position in D-Wave Quantum in the first quarter valued at about $4,562,000. HighTower Advisors LLC bought a new stake in shares of D-Wave Quantum in the first quarter worth about $507,000. Finally, Russell Investments Group Ltd. raised its position in shares of D-Wave Quantum by 133.9% during the first quarter. Russell Investments Group Ltd. now owns 5,528 shares of the company's stock worth $42,000 after purchasing an additional 3,165 shares during the period. 42.47% of the stock is currently owned by institutional investors and hedge funds.
D-Wave Quantum Company Profile
(
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.
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