Key Points
- Director Rohit Ghai sold 10,000 shares at $17.62 on March 16 for $176,200, reducing his stake by ~26% to 27,778 shares, and the sale follows other recent insider disposals (including the CFO), which could weigh on near‑term sentiment.
- D-Wave missed quarterly estimates, reporting ($0.09) EPS vs. ($0.05) expected and $2.75M revenue vs. $3.74M expected, although revenue rose 21.7% year‑over‑year and analysts forecast a -0.41 EPS for the fiscal year.
- Analyst and market backdrop: the stock trades below its 50‑ and 200‑day averages, carries a "Moderate Buy" consensus with an average price target of $36.50, but faces competitive and macro risks that analysts highlight.
D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report) Director Rohit Ghai sold 10,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $17.62, for a total transaction of $176,200.00. Following the transaction, the director directly owned 27,778 shares in the company, valued at approximately $489,448.36. The trade was a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
D-Wave Quantum Stock Performance
NYSE QBTS opened at $17.49 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 42.38 and a quick ratio of 42.25. The stock's 50 day simple moving average is $21.93 and its 200-day simple moving average is $25.21. The company has a market cap of $6.47 billion, a PE ratio of -15.90 and a beta of 1.61. D-Wave Quantum Inc. has a 1-year low of $5.77 and a 1-year high of $46.75.
D-Wave Quantum (NYSE:QBTS - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The firm had revenue of $2.75 million for the quarter, compared to analysts' expectations of $3.74 million. D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.The company's revenue for the quarter was up 21.7% compared to the same quarter last year. As a group, equities research analysts anticipate that D-Wave Quantum Inc. will post -0.41 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: Analysts give a supportive rating — a consensus "Moderate Buy" rating could provide demand support and help stabilize sentiment around the shares. D-Wave Receives Consensus Rating of "Moderate Buy"
- Positive Sentiment: Product traction / narrative pieces — coverage highlighting early customer use cases for D‑Wave's systems can bolster the long-term growth story and attract investor interest in a still-nascent market. Is D‑Wave Quantum Stock Your Ticket to Becoming a Millionaire?
- Negative Sentiment: Insider selling — CFO John M. Markovich sold 10,706 shares at ~$17.63 on Mar 13; the sale trimmed his stake ~0.73%. Insider sales can signal liquidity needs or reduced conviction and often pressuring near-term sentiment. Markovich Form 4
- Negative Sentiment: Director selling — Director Rohit Ghai sold 10,000 shares at ~$17.62 on Mar 16, cutting his holding by ~26%. Multiple recent insider sales amplify investor concern about insider timing and sentiment. Ghai Form 4
- Negative Sentiment: Competitive risk from IBM — MarketBeat warns IBM’s hybrid quantum-classical architecture and strong corporate resources could undercut D‑Wave’s addressable market or slow adoption for D‑Wave‑specific approaches. That increases execution risk for a smaller pure‑play. The New Threat IBM's Quantum Computing Research Poses to D‑Wave
- Negative Sentiment: Macro headwinds — recent commentary on rising oil and inflation fears flags broader market volatility and higher discount rates for growth/tech names, which typically hurts small-cap quantum plays like QBTS. Oil Shock, Inflation Fears: Impact on Quantum Stocks
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Mizuho decreased their target price on shares of D-Wave Quantum from $46.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, February 27th. Roth Mkm dropped their price target on D-Wave Quantum from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, February 27th. Wedbush began coverage on D-Wave Quantum in a report on Wednesday, December 17th. They issued an "outperform" rating and a $35.00 price target for the company. TD Cowen started coverage on D-Wave Quantum in a research report on Thursday, February 12th. They set a "buy" rating on the stock. Finally, Wall Street Zen cut D-Wave Quantum from a "hold" rating to a "sell" rating in a report on Saturday, February 7th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, D-Wave Quantum currently has an average rating of "Moderate Buy" and an average price target of $36.50.
Read Our Latest Stock Analysis on QBTS
Institutional Trading of D-Wave Quantum
Hedge funds and other institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC grew its stake in shares of D-Wave Quantum by 388.0% in the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company's stock valued at $26,000 after buying an additional 776 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in D-Wave Quantum during the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its holdings in D-Wave Quantum by 267.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company's stock valued at $30,000 after acquiring an additional 838 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in D-Wave Quantum in the 4th quarter valued at about $31,000. Finally, Ancora Advisors LLC acquired a new position in D-Wave Quantum in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 42.47% of the company's stock.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
