Key Points
- VP Sophie Ames sold 3,070 shares on April 20 at an average price of $21.35 under a pre‑arranged Rule 10b5‑1 plan, reducing her stake to 643,678 shares (a 0.47% decline) for a $65,544.50 transaction.
- D‑Wave missed its last quarterly EPS estimate (reported ($0.09) vs. ($0.05) expected) with $2.75M revenue, very negative margins and ROE, and analysts forecast about ‑$0.35 EPS for the year.
- The stock recently rallied on NVIDIA‑related quantum‑AI enthusiasm but now faces profit‑taking, a 10.4M registered resale overhang from the Quantum Circuits deal and elevated short interest amid continued institutional accumulation and a consensus price target near $35.53 (Moderate Buy).
D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report) VP Sophie Ames sold 3,070 shares of the company's stock in a transaction on Monday, April 20th. The shares were sold at an average price of $21.35, for a total transaction of $65,544.50. Following the completion of the transaction, the vice president owned 643,678 shares in the company, valued at approximately $13,742,525.30. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
D-Wave Quantum Price Performance
NYSE:QBTS opened at $20.37 on Wednesday. D-Wave Quantum Inc. has a one year low of $6.17 and a one year high of $46.75. The company has a market cap of $7.53 billion, a P/E ratio of -18.52 and a beta of 1.78. The firm's fifty day moving average price is $17.44 and its two-hundred day moving average price is $24.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 42.38 and a quick ratio of 42.25.
D-Wave Quantum (NYSE:QBTS - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 58.58%. The company had revenue of $2.75 million during the quarter, compared to analyst estimates of $3.74 million. The company's quarterly revenue was up 21.7% compared to the same quarter last year. Equities analysts expect that D-Wave Quantum Inc. will post -0.35 earnings per share for the current year.
Key D-Wave Quantum News
Here are the key news stories impacting D-Wave Quantum this week:
- Positive Sentiment: NVIDIA’s launch of quantum‑AI tools triggered a broad sector rally that sent QBTS sharply higher earlier in the week, lifting momentum and investor attention to D‑Wave as a potential beneficiary of quantum‑AI integration. D-Wave (QBTS) Climbs 52% on Nvidia Quantum Support
- Positive Sentiment: Wall‑street coverage and multi‑firm price targets remain constructive (median targets well above current levels), providing a bullish longer‑term narrative that supports upside expectations. Quiver Quantitative coverage (analyst targets & ratings)
- Neutral Sentiment: Some analysts are taking a cautious stance: Northland started coverage with a "market perform" rating and a modest $22 target, implying limited near‑term upside from the current level. Northland Securities coverage
- Neutral Sentiment: Commentary from retail/investor outlets frames the recent pullback as a potential buying opportunity for patient investors — useful context but not a catalyst. Fool article on buying opportunity
- Negative Sentiment: Profit‑taking after the post‑Nvidia surge, plus a lingering resale overhang tied to the Quantum Circuits acquisition (10.4M registered resale shares), is exerting downward pressure and increasing volatility. Elevated short interest amplifies swings. Quiver Quantitative price‑movement analysis
- Negative Sentiment: An insider sale (VP Sophie Ames sold 3,070 shares under a pre‑arranged 10b5‑1 plan) was reported — small in isolation but adds to a recent pattern of insider sales that some investors watch negatively. SEC filing (Form 4)
Hedge Funds Weigh In On D-Wave Quantum
Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of D-Wave Quantum by 41.2% in the third quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company's stock valued at $950,220,000 after acquiring an additional 11,218,255 shares in the last quarter. UBS Group AG grew its stake in shares of D-Wave Quantum by 541.6% in the third quarter. UBS Group AG now owns 12,089,703 shares of the company's stock valued at $298,737,000 after acquiring an additional 10,205,427 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of D-Wave Quantum by 11.5% in the fourth quarter. Geode Capital Management LLC now owns 8,394,726 shares of the company's stock valued at $220,085,000 after acquiring an additional 866,405 shares in the last quarter. State Street Corp grew its stake in shares of D-Wave Quantum by 5.3% in the fourth quarter. State Street Corp now owns 7,707,085 shares of the company's stock valued at $201,540,000 after acquiring an additional 385,809 shares in the last quarter. Finally, Marex Group plc grew its stake in shares of D-Wave Quantum by 74.9% in the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company's stock valued at $120,098,000 after acquiring an additional 1,966,500 shares in the last quarter. 42.47% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
QBTS has been the topic of several research reports. Zacks Research downgraded shares of D-Wave Quantum from a "hold" rating to a "strong sell" rating in a report on Friday, March 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of D-Wave Quantum in a report on Friday, March 27th. Roth Mkm decreased their price objective on shares of D-Wave Quantum from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Northland Securities initiated coverage on shares of D-Wave Quantum in a report on Monday. They issued a "market perform" rating and a $22.00 price objective on the stock. Finally, Mizuho decreased their price objective on shares of D-Wave Quantum from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, February 27th. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.53.
Check Out Our Latest Report on QBTS
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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